Recent changes in European legislation with regards to investment funds, has led to an increased need for regulation.
Cyprus can be considered as the jurisdiction of choice as it applies EU regulations which enhance the confidence of the investors, offers a favourable tax treatment for private funds and the application process is relatively simple with a short timeframe for obtaining the license.
The key advantages of setting up a private fund in Cyprus are listed below:
PwC’s leading position as a provider to the financial services sector gives you the advantage to talk to people who are experts in this field. We can assist you with the licensing application by preparing the full application package to be submitted to the Central Bank as well as follow up the process until the license is granted. We also provide administration services relating to ongoing services (e.g. bookkeeping, accounting, etc), assistance in the calculation of NAV as well as subscription and redemption services. Our services also include direct and indirect tax support as well as legal support during the application process and during the operation of the fund.