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ARTICLE · 20 JULY 2018

New Alternative Investment Funds Legislation

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On 10th July 2018, the Cyprus parliament approved the new alternative investment funds (AIF) legislation which will replace the existing law and which enables, for the first time in Cyprus ...

CyprusFinance and Banking
Eurofast  
Eurofast  
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On 10th July 2018, the Cyprus parliament approved the new alternative investment funds (AIF) legislation which will replace the existing law and which enables, for the first time in Cyprus, the establishment of Registered Alternative Investment Funds (RAIF) in Cyprus. This is a major advancement in the field as it will significantly reduce the time and cost for establishing an AIF in Cyprus. The details of the law will become available once the legislation is published in the official Government Gazette, at which point the law will also come into effect. From the information currently available the following criteria and characteristics in relation to RAIFs are expected:

  • Not regulated by CySEC. Supervision at the level of the registered Fund Manager

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