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Alternative Investment Funds in Cyprus

Alternative Investment Funds in Cyprus

Alternative Investment Funds in Cyprus

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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.

Click here to view our Regulatory Alert Publication.

© 2020 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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