Alternative Investment Funds in Cyprus
The law revising the existing legal framework on Alternative Investment Funds was voted on the 10th of July 2018 by the Cyprus House of Representatives replacing the existing AIF law 131(I) of 2014. It shall come into effect with its publication in the Official Gazette, expected within the next two weeks. This amendment reflects, among others, the latest market demands and the introduction of a new type of Alternative Investment Fund (AIF), the “registered” but not “authorised” AIF, and a new legal form, the Limited Partnership with “separate legal personality”.
These steps aim to optimise Cyprus’ legal framework, enhancing Cyprus as an attractive jurisdiction in particular
for private equity funds and a true competitor to other popular jurisdictions for funds and asset management.
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