Following the enactment of the Open-Ended Undertakings for Collective Investment (UCI) and the Alternative Investment Funds (AIF) Laws as amended, Cyprus became one of the most cost-effective and advantageous jurisdictions for the establishment of investment funds, offering great opportunities for fund managers to structure and grow their business in Europe and beyond.
MAP S.Platis, as the leading and most specialised consultancy firm in the region, has a versatile team of professionals from our Financial Services Registration, Compliance Advisory and Internal Audit teams that possess unprecedented experience in the provision of support to international financial institutions.
Our services in relation to investment funds include, amongst others:
Preparation and Promotion of the Fund License Application
- Fund structure analysis and review: We examine and provide advice on the various fund structures your scheme can take based on your specific requirements;
- Incorporation of the Legal Entity that will apply for the licence: We draft the Memorandum & Articles of Association and undertake the registration of a private company with the Cyprus Registrar of Companies;
- Assistance with preliminary operational requirements: We assist with locating qualified directors and/or suitable counterparties for the opening of custodian accounts according to your needs;
- Assistance with the collection of personal documentation: We provide guidance towards the collection of all the necessary personal documentation and certificates to be submitted as part of your license application;
- Build the license application file. We assist with the preparation of all the documents that form part of the application package, including the drafting of all necessary manuals in accordance with the requirements of the law and the completion and/or review of the application form(s) and questionnaires, as well as any relevant checklists and other information to be submitted as part of your license application, and;
- Act as promoters to your application throughout its evaluation process: We respond on your behalf to the queries of the Cyprus Securities and Exchange Commission during the evaluation of your application.
Regulatory Support and Internal Audit Services
- Ongoing Compliance and Regulatory Reporting Support: We offer a full range of comprehensive Compliance Support Services by a qualified team of legal experts and professionals;
- Annual Internal Audit Services: We offer Full Internal Audit Services in accordance with the requirements of your local and European legislation;
- Regulatory Training: Our specialized team of professional instructors has developed a broad variety of courses and seminars to provide training in different aspects of the regulation;
- Full legal support and advice via a partner law firm;
- Preparation of Offering Memorandum via a partner law firm.
For more information, please feel free to contact us.
