- info@oneworldweb.net
- T +357 22 496 000
Cyprus Alternative Investment Funds (AIFs) / Private Funds
Why set up your AIF in Cyprus
- EU Member State and compliant with EU laws and regulations
- mature business centre with developed infrastructure and highly qualified professionals
- minimum formalities
- wide and efficient network of legal, accounting and banking services
- competitive setting up and ongoing costs structures and funds in the EU
- favourable tax regime in the EU, especially for non-residents
- combination of effective regulations, flexibility and incentives
- hedge fund and hedge fund managers location
- AIF, UCITS can be listed on CSE and other recognized EU stock exchanges
- redomiciliation in and out possible
Cyprus based AIFMs and AIFs will benefit from low tax burdens levied on Cyprus based corporations. Further, non-Cypriot investors in Cyprus AIFs will, at the time of a redemption or distribution of a Cyprus AIDF, benefit from an extensive double tax treaty network.
Why us?
- Established, well known professional firm in Cyprus for 30 years
- Leader in setting up and managing of funds and in financial services advisory
- Professionals from all disciplines – chartered accountants, tax consultants, business consultants and administrators
- One stop shop and bespoke services to suit each client’s needs
- Ability to advise on fund structuring and financial services worldwide
- Competitive fees
Set up an AIF in Cyprus and enjoy the benefits
Cyprus is increasingly becoming a favoured destination of choice in EU for Fund Managers and Management Companies seeking new locations for the following reasons:
The Cyprus Securities and Exchange Commissions does not impose any restrictions on the type of investment of an AIF with limited numbers of persons
Opting for licensing of an AIF as an AIFM (or self-managed AIF) under the AIFMD allows the Manager to passport their services across the EU
If a Fund Manager is not necessary Cyprus AIFs can be managed by their Board of Directors
AIFs in Cyprus can be established as umbrella funds with multiple compartments within segregated sub-funds with different investment policies, asset types and investor base
AIFs can be listed on Cyprus Stock Exchange and other recognized EU stock exchanges
AIFs in Cyprus do not have to pay any capital gains tax on disposal or redemption of fund units
Any dividend distributed to the unit holders of a Cyprus AIF is tax exempt
Management services provided by a Fund Manager to a Cyprus AIF are fully exempted from VAT
The regulator in Cyprus is not imposing excessive reporting requirements for the funds or its Fund Manager
The application process is fairly simple and not particularly time consuming
Main Features of Cyprus AIFs
Regular Cyprus AIFs
- Licensed by Cysec
- Retail Investors or Professional/Well-Informed Investors
- Unlimited number of investors
- Investment restrictions apply for liquidity and risk diversification
- Various legal structures such as: Common Fund (CF), Variable Capital Investment Company (VCIC), Fixed Capital Investment Company (FCIC), Limited Partnership with or without legal personality (LP)
- Minimum capital requirements are €125.000 if self-managed, n/a if externally managed
AIFs with Limited Number of Persons (AIFLNP)
- Licensed by Cysec
- Only to Professional/Well-Informed Investors
- Number of investors limited up to 50 (with look through provisions)
- No Investment restrictions apply
- Various legal structures such as: Variable Capital Investment Company (VCIC), Fixed Capital Investment Company (FCIC), Limited Partnership with or without legal personality (LP)
- Minimum capital requirements are €50.000 if self-managed, n/a if externally managed
Registered AIFs (RAIF)
- No license required, supervision at the level of the Manager by CySEC
- Only to Professional/Well-Informed Investors
- Number of investors unlimited
- No Investment restrictions apply
- Various legal structures such as: Common Fund (CF), Variable Capital Investment Company (VCIC), Fixed Capital Investment Company (FCIC), Limited Partnership with or without legal personality (LP)
- Not Subject to Minimum Capital Requirement
Our fund services
At Oneworld ltd, we provide complete solutions in fund administration, rendering middle and back office services to a wide range of investment funds and private vehicles. We have many years of experience and our areas of expertise include the following:
- Fund Establishment
- Compliance
- Fund Accounting and Valuation
- Company Secretarial
- Internal Audit Services
- Risk Management and Compliance
- Domiciliation and Office rental
- Direct and Indirect tax services
About us
Oneworld Ltd which employs a team of 75 professionals and corporate administrators provides incorporation, fiduciary, management, banking, accounting, redomiciliation services, as well as setting up and administering private funds and trusts. We advise on tax planning, incorporate and administer companies in zero and low tax jurisdictions and provide boutique services including citizenship and residency services.
Oneworld ltd is licensed by CySEC (license 146/196) as an ASP (Administrative Service Provider)
Contact Us
- Savvas Shiatis
- +357 99597339
- sshiatis@oneworldweb.net
- Alexandros Philippides
- +357 99680766
- aphilippides@oneworldweb.net