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.
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|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:
|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
|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.
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more