Alternative Investment Funds of Cyprus (AIF)

Alternative Investment Funds of Cyprus (AIF)

In this article, we briefly review the main characteristics of Cyprus Alternative Investment Funds:

• Legal Forms: General Fund, Variable Capital Investment Company (VCIC), Fixed Capital Investment Company (FCIC) or Limited Partnership (LP);
• Eligible investors: professional and/or well-informed investors or retail investors;
• Number of investors: not limited;
• Minimum investment: 125,000 euros or 300,000 euros with independent management;
• Investment manager: self-management is possible or, in the case of companies, the appointment of a fund manager is possible;
• Assets management: there are no restrictions if an external alternative fund manager (AIFM) is appointed; otherwise – 100 million euros with leverage and 500 million euros without leverage and without repurchase within five years;
• Depository: if the Cyprus Alternative Investment Funds (AIF) are managed by an external fund manager, the appointment of a depository in Cyprus is mandatory; if no external fund manager has been appointed, the depository may be located in Cyprus, in the EU or outside the EU.

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