Cyprus, an EU member country, has set its sights on becoming a
fund and asset management centre of excellence, and with the
requisite legislation and increasing inflows of foreign
investments, the country is well on its way. Developing the fund
investment sector and achieving this goal is a long journey for the
industry, but the vision is set to become a reality.
Cyprus combines tax efficient features of a modern financial
centre with the appropriate infrastructure for the fund's
Industry. It offers the full spectrum of legislative framework to
all fund products (UCITS and non UCITS) and provides fund managers
to structure as Alternative Investment Fund Managers (AIFM) in line
with the relevant EU Directive or a MiFID compliant Investment
Firm, both EU passported. At the end of 2018, the Cyprus funds
industry boasted a total of approximately €6.3bn assets under
management displaying significant growth over the past few years.
Approximately 48 percent of these relate
