SERVICES Services Fund Services Types of Funds AIF Alternative Investment Fund AIF Registered Alternative Investment Funds AIFLNP Alternative Investment Fund for Limited Number of Persons Regulated – Authorised by Cysec Regulated through external manager who falls under AIFMD Lightly regulated - Authorised by Cysec No. of investors: Unlimited No. of investors: Unlimited No. of investors: Up to 50 Type of Investors: Retail, Well informed, professional Type of Investors: Well informed, professional Type of Investors: Well informed, professional Legal Forms of AIF: Common fund Investment company Limited Partnership Legal Forms of RAIF: Common fund Investment company Limited Partnership Legal Forms of AIFLNP: Investment company Limited Partnership Initial Capital requirement: €125,000 for internally managed AIFs €300,000 for internally managed AIFs (AIFMs) No requirement for externally managed AIFs Initial Capital requirement: No requirement Initial Capital requirement: €50,000 for internally managed No requirement for externally managed AIFLNPs Maximum Assets under Management Up to €100,000,000 including leverage or Up to €500,000,000 without leverage and no redemption rights for 5 years, if does not fall under the AIFMD No restriction if falls under AIFMD Maximum Assets under Management Up to €100,000,000 including leverage or Up to €500,000,000 without leverage and no redemption rights for 5 years, if does not fall under the AIFM No restriction if managed by AIFM Maximum Assets under Management Up to €100,000,000 including leverage or Up to €500,000,000 without leverage and no redemption rights for 5 years Minimum Assets under Management €500,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec). The initial capital requirement cannot be taken into account Minimum Assets under Management €500,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec). Minimum Assets under Management €250,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec). The initial capital requirement cannot be taken into account Depositary: Mandatory to appoint if the AIF falls under AIFMD Depositary: Mandatory to appoint a local depositary Depositary: Mandatory to appoint if the AIF falls under AIFMD Time Required: 1 month application preparation + 6 months for the authorisation from Cysec Time Required: 1 month application preparation + 1 month for the registration from Cysec Time Required: 1 month application preparation + 6 months for the authorisation from Cysec Units of AIF can be listed Units of AIF can be listed Units of AIF can be listed Management: Can be internally managed Can be externally managed by: - AIFM or - UCITS Manager or - Mini Manager or - Investment Firm Management: Can only be externally managed by: - AIFM or - UCITS Manager or - Mini Manager or - Investment firm if the established as a Limited partnership and invests at least 70% of its assets to illiquid assets and it is closed ended Management: Can be internally managed Can be externally managed by: - Investment firm - UCITS Manager, - Mini Manager or - Third country company providing Investment management services, or sole purpose company Investment restrictions exist based on: the type of investors AIF’s investment policy Investment restrictions exist based on: the type of investors AIF’s investment policy Investment restrictions exist based on: No restrictions Facebook Twitter Share Services Company formation & management Jurisdictions Tax & Financial advisory services Bank account opening Fund Services Establishment of trust & trustee services Legal services Immigration services Accounting & VAT Office Services Payroll & Social Insurance Services Recruiting Services WE ARE PROVIDING YOU PRIME PROFESSIONAL SUPPORT. Get ready for experienced, tailored guidance TALK TO AN EXPERT CYPRUS TAX CALENDAR 2020 IN ENGLISH & GREEK DOWNLOAD NOW CONNECT WITH US facebook linkedin twitter +357 25 817181 marketing@globalserve.com.cy Terms and Conditions Privacy Policy © Globalserve. All Rights Reserved. Website Designed & Developed by 2021