UCITS
Cyprus is becoming one of the top emerging investment fund centres in Europe. Cyprus has developed into a key regional investment funds centre with European identity and passporting benefits. This is the reason for becoming an investment funds hub and an attraction for the establishment of Asset Management Companies.
Undertaking for Collective Investment in Transferable Securities (UCITS)
Why invest in UCITS
UCITS objective is to collect funds from the public and invest collectively in transferable securities and / or other liquid financial instruments, within certain risk diversification limits set by the Regulators. The operation of UCITS is based on the principle of risk-spreading. UCITS Funds are considered as one of the most effective asset management tools, mainly due to the low investment risk and the high level of protection . The unit holders may purchase or redeemed, their units upon request.
UCITS Legal Form
Variable Capital Investment Company (VCIC)
Common Fund (CF)
Open ended only
Minimum Capital €125,000
Main points for UCITS
• For Retail & Professional investors
• Third party funds & self managed funds
• Investment restrictions: strict rules for diversification, tradeable and liquid securities
• Valuation: every fortnight
• Redemption: immediately at request
• Depositary: required in Cyprus
• Reports: Unaudited semi annually & audited annually to Cyprus Securities & Exchange Commission
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 invesmtent funds. description here.