Cyprus Alternative Investment Funds (AIFs) / Private Funds
Why set up your AIF in Cyprus
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.
- 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
The Cyprus Law provides for two types of Alternative Investment Funds (AIFs), namely AIFs without limitations as to the number of investors and AIFs with limited number of persons.
AIFs with Limited Number of Persons (AIFLNP)
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
- Fund Accounting and Valuation
- Company Secretarial
- Internal Audit Services
- Risk Management and Compliance
- Domiciliation and Office rental
- Direct and Indirect tax services
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)
Interested in setting up your Alternative Investment Fund in Cyprus?
Contact us today and receive a complimentary consultation with one of our expert advisors.