• Alternative Investment Funds in Cyprus
    Differences and similarities between different fund types

    By B2B Lateral Thinking Solutions

    10-01-2019

    In this article we analyse the different Alternative Investment Funds (AIFs) available in Cyprus and outline their key differences.

    Reading, understanding and consolidating the different laws and presenting the information in a user-friendly and easy to follow manner is sometimes a challenge. And, as we all know, the details do matter and informed decisions assist us in avoiding being mis-sold solutions. As such, we hope that you find our summary table helpful.

    The list shown here is by no means exhaustive. It is comprehensive enough, however, to assist you on your quest to find the best possible solution that appropriately covers your needs.

    Related Article: AIFLNP – Compliance Calendar.

    To display the table below in full screen, please click the following image:

    ALT_TEXT
    Self-Managed AIF with Limited Number of Persons Self-Managed AIF Sub-threshold Self-Managed AIF that chooses to opt in the AIFM regime Externally-Managed AIF Registered AIF managed by an AIFM
    Custodian/Depositary - Geographical restrictions Within EU or Third Country subject to existence of MoU between regulators Within EU or Third Country subject to existence of MoU between regulators Within the Republic of Cyprus Within the Republic of Cyprus Within the Republic of Cyprus
    Custodian/Depositary Exception Not required if any of the following applies:
    • AuMs <€5m
    • Up to 5 investors
    • Up to 25 investors & minimum investment per investor €500k & assets subject to custody <10% of AuMs
    N/A N/A N/A N/A
    ISIN Possible Possible Possible Possible Possible
    Regulation CySEC - Law124(I)/2018 CySEC - Law124(I)/2018 AIF - CySEC - Law124(I)/2018
    AIFM - CySEC - Law 56(I)/2013
    CySEC - Law124(I)/2018 CySEC - Law124(I)/2018
    Capital Requirement €50k €125k €300k plus 0.02% on excess of AUMs over €250m with max. capital of €10m N/A N/A
    Additional Capital N/A N/A Hold extra capital to cover any potential professional liability or professional indemnity insurance N/A N/A
    Minimum Asset Raising within 1 year €250k €500k €500k €500k €500k
    AUM Limitations €100m including leverage
    €500m without leverage
    €100m including leverage
    €500m without leverage
    None None None
    Limitations - Number of Investors up to 50 None None None None
    Limitations - Type of Investors Only professional and/or well informed None None None Only professional and/or well informed

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  • The information provided in this article is for general information purposes only. The information is not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified professional on any specific matter.

B2B Lateral Thinking Solutions

B2B Lateral Thinking Solutions is a dynamic consultancy operating from Cyprus and servicing private, corporate and institutional clients. Our team of dedicated, passionate and highly qualified professionals assists numerous clients across the EU, Russia and CIS countries. Lateral thinking is not only a name. Lateral thinking defines how we approach problems and our work ethic. We partner up with our clients to uncover solutions through indirect avenues and by employing creative thinking.

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