The ‘single EU passport’ has opened up good prospects for Cyprus to be used as a base for setting up funds or for fund management companies seeking to take advantage of the country’s beneficial framework to manage and/or market funds across Europe from Cyprus. The Undertakings for Collective Investment in Transferable Securities V Directive (UCITS V) and Alternative Investment Fund Managers Directive (AIFMD) ‘management’ and ‘marketing’ passports allow fund managers to manage and/or market funds across the EU, without the burden of establishing extensive administrative functions and allows them to create economies of scale.
Read full articleCyprus has become a top destination for corporate structuring and professional financial services, serving as a strategic hub in the Eastern Mediterranean. Positioned between Europe, the Middle East, Africa, and Asia, it offers attractive tax optimisation opportunities for global businesses.
Read full articleCyprus’ leading luxury property developer Cybarco is proud to announce that Akamas Bay Villas has been honoured with two prestigious accolades at the International Property Awards. Recognised globally, the awards are a mark of excellence, judged by an independent panel of over 100 industry experts, celebrating the highest levels of achievement in the real estate sector.
Read full articleCyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors.
Read full article