Cyprus has a total of 117 UCIs under operations. It seems that 79 of them invest in the island country partially or entirely.  Currently, there are a total of 203 management companies and UCIs in the island country. Of those companies, 130 are under operations. The total number of management companies includes 28 alternative investment fund management companies, 67 Sub-threshold alternative investment fund management (AIFM) companies and four undertakings for collective investment in transferable securities (UCITS) management companies.

George Campanellas, vice-president of the Board of Directors at Cyprus Investment Funds Association (CIFA) and director general of Invest Cyprus, told International Investment, “This is further evidence that Cyprus is gaining a reputation as a safe and stable investment location and the investment fund sector in the country is growing to a European standard.” 

According to the report, UCITSs invest in 80 percent of transferable securities, followed by investments in bank deposits. 

Cyprus’ strategic position and several signed double tax treaties have made it an attractive jurisdiction for establishing Alternative Investment Funds. These treaties allow direct investments in the EU and other developing Middle East countries. 

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