Cyprus, being one of the first EU countries to transpose the Alternative Investment Fund Managers Directive into national legislation and along with the ratification of the Cyprus Alternative Investment Funds Law, is fast becoming a leading investment fund centre in Europe for investment funds and asset management companies, offering direct access to key markets.
According to the latest available data published by the Cyprus Securities and Exchange Commission, the number of investment funds increased to 298 in the third quarter of 2021, while there was also an increase in the assets under their management, which totaled €11.6bn. As an EU member country, Cyprus is compliant with all the EU Directives and Regulations, giving to fund managers who wish to establish or register with the Cyprus Securities and Exchange Commission, the opportunity to take advantage of the full spectrum of the EU passporting rights.