Cyprus has the objective of becoming an investment fund centre in Europe. Recent changes in the legislative and regulatory framework have been introduced with the aim of placing the country on the global map of fund-friendly jurisdictions and enhancing its strong network of financial and professional service providers, explains Constantia Constantinou, head of wealth management operations at Eurobank Cyprus.

“The Cypriot authorities have worked diligently to bring the funds framework on par with other international jurisdictions. These efforts include the enactment of the Alternative Investment Funds law in July 2014. Cyprus now offers a European passport to the fund management industry, providing possibilities for cross-border and global fund distribution.”