No licence requirement -
the easy alternative for investment funds in Cyprus
The new Alternative Investment Funds Law 2018, regulating Alternative Investment Funds registered in Cyprus, which replaces the previous Law 131(I)/2014 regulating the Alternative Investment Funds, has been published by CySEC on 31 July 2018. The new AIF Law is yet only available in Greek language. The provisions regarding Regulated Alternative Investment Funds (RAIFs) are stipulated in Part VIII of the Law.
The new law aims to provide a more cost-effective fund vehicle and to reduce drastically the time until a fund can start offering investment opportunities.
There has been an increasing demand for unregulated alternative investment fund in Cyprus coming from China, the Middle East and EU countries.
The new Registered Alternative Investment Fund (RAIF) in Cyprus will drastically ease the procedures to set up a fund by eliminating the need for lengthy authorisation and licencing procedures by CySEC; licencing costs will be reduced substantially.