As regional and domestic markets continue to expand and fuel economic growth, the funds industry of Cyprus is taking a frontline the global investment environment. In particular more and more investors and managers are choosing Cyprus as their preferred jurisdiction for the establishment and administration of their Alternative Investment Funds. The Benefits of an Alternative…
The investment management sector is developing rapidly on the island as it has become one of the most appealing countries to start up and manage financial services. With the entrance of Cyprus in the EU in 2004, it has opened many business doors as well as the influence of the CIFs which have successfully set…
Undertakings for Collective Investment in Transferable Securities (UCITS) are investment funds that have been established and authorised under a harmonised European Union (EU) legal framework under which a UCITS established and authorised in one EU Member State can be sold cross border into other EU Member States without a requirement for an additional authorisation. This…
The International Collective Investment Schemes Law (No. 47(I) of 1999) (“the Law”) came into force in May 1999. The Central Bank of Cyprus (“the Bank”) has been designated under the Law as the competent authority with the responsibility for the recognition, regulation and supervision of ICISs. The Bank is also the supervisory authority for the…
Cyprus, situated in the eastern Mediterranean, was always part of the tax planning sheets, but after accession of the island to the European Union and the adoption of the Euro, its use became more relevant as an international business centre, rather than a cheap tax shelter. The 45 double tax treaties signed with countries like…
CYLON’s Quarterly Investment Forum, held in UK, London. We expect to see you all there.!!
On 20th of October Cylon’s Quarterly Investment Forum was launched in UK, London. This event was well attended and the registration for the Platinum Club has exceeded our expectations. Platinum Club is a members networking Club and membership is by invitation only. Platinum Club Members will be entitled to receive newsletters of past and forthcoming…
CYLON’s Quarterly Investment Forum, held in UK, London. We expect to see you all there.!!
Multi-disciplinary. Multi-jurisdictional. This is what CYLON is here to fill. The gap in professional service provision today is the limit on jurisdictions or disciplines. Regulatory silos stop us from doing our best for the client. This inefficiency of the professional service provision market is the reason we decided to engage in a much aspiring attempt…
Cyprus Banks will now have to pay a levy on all deposits they hold at the end of each financial year. The levy will be calculated on all deposits, other than interbank and deposits from financial institutions. This special bank levy will be at the rate of 0.095%. This measure is projected to raise an…