During the last five years the Cypriot Alternative Investment
Fund (AIF) landscape has significantly changed and modernised. In
the last year the Cypriot fund industry has seen steady growth (see
table 1 below) and, with the expansion of the possible fund
structures available in Cyprus, it's anticipated that this
figure will grow even further by Q1 2019.
Along with the increased number of funds in Cyprus, we've
seen the rise in the number of registered and authorised
Alternative Investment Fund Managers ("AIFM"). The Cyprus
government and industry professionals have been discussing the
current legislative framework and there are several legislative
changes in the pipeline.
The Cyprus Sovereign rating has climbed to a BBB- with a stable
outlook as of the 14th of September (S&P) and ranks
53rd in the World Bank's 'Doing Business
2017' report. Cyprus was also amongst top five Eurozone
Performers in 2017 with a growth rate of 3.9%.
