WHY CYPRUS

• Lower fund set up and running costs than other fund jurisdictions
• Set up and licensing of funds in the shortest possible time
• No taxes for non-resident investors
• Member of the European Union
• EU passport for Cyprus fund managers
• Favourable tax system with a low 12.5% corporate tax rate
• Wide network of double tax treaties
• Legal system based on English Common Law
• High quality of professional accountants and lawyers
• Ease of doing business
• Ideal living and working environment
• Cyprus is fully compliant with EU laws
• The legal framework is harmonised with related EU directives, such as UCITS VI, AIFMD and MiFID II is under consideration.
• Cyprus fully complies with EU and OECD standards on anti-money laundering and insider dealing, favourably rated by MONEYVAL.
• Funds, Fund Managers and Investment Firms are all regulated by one regulator, the Cyprus Securities and Exchange Commission (CySEC).
• Tax Information Exchange
• In respect of FATCA, Cyprus has signed a Model 1 IGA with the USA and was one of the first countries to agree with the OECD to implement CRS for the automatic exchange of tax information.