Funds Administration

The constant amendments in the Cyprus legislative framework in respect of investment funds has contributed to Cyprus being considered as a European and International Investment Funds Hub with sophisticated fund structures. As a European Union Member-State, Cyprus benefits from the harmonization of EU financial services regulations and offers competitive access to Europe, the Middle East and Africa.

Cyprus has one of the most attractive tax regimes in Europe, as foreign investors and non-domiciled individuals enjoy non-withholding tax on dividends. In relation to funds, a uniform 12,5% corporation tax on profits is applied, which constitutes one of the lowest corporation tax percentages in Europe. Fund management and administration services provided to investment funds are not subject to VAT and Cyprus has an extensive network of double-taxation avoidance treaties with over 60 countries.

The way in which investment funds operate offers a clear separation between ownership and the management and control of the investment. This is achieved because it is the fund managers that undertake the management of the fund and not the owners/unitholders.

Our firm, specializes in the area of funds and, in particular, we offer the highest level of professional services with regard to fund formation, licensing, administration and advice.

Our firm is comprised of highly skilled professionals that have the ability to provide advice and support to complex investment structures and meet the demanding requirements of the evolving fund sector.

In order to accommodate the rapid evolving market of the fund industry, our firm has invested in technology and has established strategic alliances with associates around the world. Our firm remains committed in delivering high quality standard services and aims to keep the upward trend as a leading fund administrator.

Our services:

• Formation of funds
• Corporate administration of funds
• Administration and services
• Professional director services

Our biggest asset is our highly professional associates which consist of a dedicated team of lawyers, qualified accountants, MBA holders and other professionally qualified administration staff that are supported by the software that can cope with the most complex of fund structures.

The level of the service provided to our firm’s clientele directly relates to the skills, competence, dedication and creativity of the team that comprises our firm, which aims to always provide the high quality of service expected by the client.

We always bear in mind that each fund structure is formed on its own unique investment strategy and differs on the basis of the geographical focus, size, type of investment, investor type and risk level. Understanding these features of the fund structure, allows us:

• to advise the client on the appropriate fund structure.
• to assist with the licensing procedure, where applicable.
• to support with high quality fund administration services.
• to advise and provide assistance on compliance and reporting requirements.
• to offer advice on back office and middle office requirements.