Cyprus passed in July 2014 the Law on Alternative Investment Funds (AIFs). This enactment came as a swift response to the regulatory developments on an EU level in the funds and asset management industry, and achieved the strengthening of the funds regime in the country. The main changes introduced are in line with the latest EU Directives which give emphasis on investor protection and transparency rules, while the new framework modernized and expanded the legal and regulatory product toolbox available to asset managers and promoters of AIFs.
Cyprus serves as a strong link for investments in and out of Europe and it has easy access to Eurasia / Russia and the CIS region, China, India and other emerging markets. As such, it provides distribution opportunities to a wide range of markets. Furthermore, as a regional and international business centre, it enjoys a number of additional comparative advantages such as: international expertise, advanced and attractive tax environment, strong cooperation between sectors, etc.
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