Funds

fundsOn the basis of the newly established law on “Alternative Investment Funds” and “Alternative Investment Fund Managers” and the goal of Cyprus to become a leading European jurisdiction in this field, Eurofast assist clients in the tax and legal structuring of investment funds and alternative investment fund managers.

Investment Funds

Eurofast can advise clients on the efficient tax structuring of their funds, as well as the jurisdiction that meets their target and needs.

Tax & legal advice is provided for the structure of the fund and advice on its legal form, which is based on the requirements of the law and the special needs of the clients.

The services of Eurofast are also related to formation, administration and accounting of funds. Assistance is given for the licensing procedure and guidance is provided on the drafting of the risk management, reporting, compliance and anti-money laundering procedures, as well as the business plan for the growth of the business, based on the guidelines provided by the relevant legislation. Ongoing support is provided for internal and external audit services as well as compliance and regulatory reporting services.

Eurofast can assist clients in establishing their funds in a plethora of other EU and non-EU jurisdictions based on the needs, investment strategy and requirements of the clients taking into account the tax implications.

Investment Fund Managers

Investment Fund Managers must obtain the relevant license based on the legislation for Alternative Investment Fund Managers. Eurofast can provide advice on whether the Fund Manager is obliged to apply for such a license or not and if applicable assist in completing and submitting the relevant application package. Moreover, assistance is provided in drafting the business plan, memorandum and articles of association of the private limited company by shares, as well as guidance on the organisational structure of the company.