Alternative Investment Funds (AIF)
Cyprus is a well regulated location where transparency and investor confidence is paramount. Invest in the Cyprus Funds Industry as part of your overall wealth management strategy.
Alternative Investment Funds
AIF
Alternative Investment Fund
Legal Form
- Variable Capital Investment Company (VCIC)
- Fixed Capital Investment Company (FCIC)
- Limited Partnership (LP)
- Common Fund (CF)
Minimum Capital: If self-managed: €125.000 or €300.000 for self- managed AIF/AIFM
If externally managed: N/A
Investors: For Retail or Professional / Well informed investors
Investors: Unlimited number of investors
Type: Open or Close ended
AUM: No restrictions if AIFM appointed.
Up to 100 ml including leverage or
500 ml with no use of leverage and no
redemption rights for 5 years if AIFM not appointed
Investments: Liquidity & risk diversification restrictions
Depositary: Mandatory obligation to appoint Depositary
Reporting: Annual audited to CySEC & Investors and half yearly unaudited to CySEC & Investors
Manager: AIFM or UCIT manager licensed in the EU / MiFID investment firm / self managed
AIFLNP
AIF with Limited Number of Persons
Legal Form
- Variable Capital Investment Company (VCIC)
- Fixed Capital Investment Company (FCIC)
Minimum Capital: If self-managed: €50.000
If externally managed: N/A
Investors: Only to Professional / Well informed investors
Investors: Maximum 50 Investors
Type: Open or Close ended
AUM: Up to €100 ml including leverage or €500 ml with no use of leverage and no redemption rights for 5 years if AIFM not appointed
Investments: No Restrictions
Depositary exemption if less than 5 investors and €5 million investments
Reporting: Annual audited to CySEC & Investors
Manager: Third country manager / UCIT manager licensed in the EU / MiFID investment firm / self managed
RAIF
Registered Alternative Investment Fund
Legal Form
- Variable Capital Investment Company (VCIC)
- Fixed Capital Investment Company (FCIC)
- Limited Partnership (LP)
- Common Fund (CF)
Not Subject to Minimum Capital
Requirement (must appoint an AIFM)
Investors: Only to Professional /
Well informed investors
Type: Open or Close ended
AUM: No restrictions if AIFM appointed.
Up to 100 ml including leverage or 500 ml with no use of leverage and no redemption rights for 5 years if AIFM not appointed
Investments: No Restrictions
Depositary: Mandatory obligation to appoint Depositary
Reporting: Supervision by the AIFM managing the RAIF
Manager: Externally managed by an AIFM established in Cyprus or the EU
Cyprus funds
Cyprus is moving fast towards a new business centre direction, to become one of the most reputable investment fund centres in Europe. With a state-of-the-art infrastructure and professional capital and a regulated environment which promotes integrity and transparency, it is the new business centre to register, manage and administer mutual and alternative investment funds.