Alternative Investment Funds (AIFs) A Cyprus Success Story
Cyprus, an EU member country, is an ideal location to set up funds and its growth in this sector in recent years is unprecedented.
It combines tax efficient features of a modern financial centre with the requisite infrastructure for the fund’s industry. It offers the full spectrum of legislative framework to all fund products (UCITS and non UCITS) including Alternative Investment Funds (AIFs).
An AIF is a licensed vehicle, credible, prestigious and offers flexibility for subscription (and redemption) of investments, ensures ease of valuation of assets, regular reporting and a supervisory regime (CySEC) which is not onerous. Furthermore, Cyprus has an extensive network of Double Tax Treaties with major countries and AIFs are included and enjoy their tax benefits.
Cyprus costs are on the low side, it is efficient, has an investor friendly government authorities with minimum bureaucracy. It has a platform of experienced lawyers, accountants, custodians, fund administrators and fund managers. It has a UK based legal system, independent judiciary, a friendly business environment and offers quality life.
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