Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Alternative Investment Funds
Trends and predictions
How would you describe the alternative investment fund landscape and prevailing trends in your

Answer ... EU jurisdictions are considered ideal for the establishment of alternative investment funds (AIFs), since there is a healthy and transparent framework for such investment vehicles. Cyprus is an attractive jurisdiction in which to establish AIFs, since it is fully compliant with EU law. The relevant EU directives have been transposed into national law and have established the framework for the creation and management of AIFs. The assets under management in Cyprus are increasing year on year, reflecting the fact that Cyprus is a promising jurisdiction for AIFs.

For more information about this answer please contact: Andri Michael from Kinanis LLC
Are any new legal or regulatory developments anticipated which will impact on alternative investment funds or alternative investment fund managers in your jurisdiction?

Answer ... The following developments are expected to impact on alternative investment funds (AIFs) in Cyprus:

  • Sub-threshold AIF manager (AIFM) – the mini-manager: A new law is under discussion in Parliament on the licensing and operation of sub-threshold AIFMs, which fall under the exemptions of the AIFM Directive and should be regulated under national law.
  • Fund Administration Service Provider Law: This law will regulate independent fund administrators under national law.

Relevant amendments are expected to be introduced to the Partnership Law and the Companies Law.

For more information about this answer please contact: Andri Michael from Kinanis LLC
Do you envisage any particular industry strategy of attracting particular interest in the next 12 months?

Answer ... The Cyprus fund industry aims to further increase the amount of assets under management in order to attract financial institutions to act as depositaries for AIFs in Cyprus. A number of summits and exhibitions are under preparation in order to attract new markets, such as the Southeast Asian and American market.

For more information about this answer please contact: Andri Michael from Kinanis LLC
Alternative Investment Funds