FUNDS MANAGEMENT
An increasing number of participants in the investment management and investment services are choosing Cyprus as the hub of their operations, in what is a jurisdiction that enables tax consolidation, profit maximization and operational efficiency in a modern business and regulatory environment.
Our investment management law practice covers the full spectrum of legal needs of such participants, including the establishment of investment funds in Cyprus (ICIS or UCITS), the establishment and licensing of Cyprus Investment Firms providing financial services (such as forex brokerage or investment advice), general legal advice and compliance services but also covering litigation and dispute resolution matters.
Specifically, our specialized legal services formulated for the investment management industry address the following:
Created for the sole purpose of gathering investors’ capital and investing such funds collectively through a portfolio of financial instruments such as stocks, bonds and other securities. Undertakings for Collective Investment in Transferable Securities (UCITS) are investment funds that have been established in accordance with Directive 2009/65/EC (“the UCITS Directive”). Once registered in one EU country, a UCITS fund can be freely marketed across the EU. Cyprus is an ideal location to establish a UCITS fund. Read more.
Private Funds - International Collective Investment Scheme
A Cyprus private investment fund, known as an International Collective Investment Scheme (ICIS), is a private fund that can be formed under the laws of Cyprus. A private ICIS can have up to 100 investors, also known as unit-holders. The purpose of a private ICIS is the collective investment of funds injected in such schemes by the unit-holders. It provides an arrangement that enables a number of investors to add collectively their assets, have these professionally managed and invested by independent managers/entities and, in case of successful investment, extract their profits in a tax efficient manner. Read more.
To find out more about our legal services on the investment funds and Cyprus Private Funds in particular read our Information Paper on Investment Funds in Cyprus. To discuss your legal needs in any other related matter please contact us at investment@antoniou.com.cy.
Our services to the investment management industry are enhanced by our specialization in the formation, licensing and compliance of Investment Firms. Licensed Cyprus Investment Firms are all the more frequently used to provide forex trading services, portfolio management and brokerage services. Moreover, the licence obtained by CySEC as an Investment Firm can be ‘passported’ in the EU, while taking into advantage the beneficial Cyprus tax regime with a corporate tax at 10%, the lowest in the EU. An undertaking can acquire the authorization of the CySEC for the provision of investment and non-core services. We provide legal services towards the establishment of Investment Firms and satisfying the stringent legislative framework towards their formation and operation. The criteria imposed for the creation of an Investment Firm in Cyprus include significant requirements as to the owners, the management, the structure and the resources of the proposed entity. Our Firm can help you address these requirements in a seamless way and establish a legally sound financial services entity in the market. Read more.
To find out more about our legal services in the investment services sector read our Information Paper on Investment Funds in Cyprus. To discuss your legal needs in any other related matter please contact us at investment@antoniou.com.cy.