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Investment Funds Are An Important Pillar Of The Cypriot Economy
March 16, 2021
At the peak of the financial crisis in Cyprus, the decision to promote the investment funds sector has proven to be particularly successful within a short time frame. Within a span of five years, Cyprus has attracted a significant amount of Collective and Alternative Investment Funds. Today, the total assets under management within the Cyprus investment funds sector have exceeded the amount of €8 billion.
The benefits generated from the licensing of Investment Funds affect the economy as a whole: an increase in tax revenue, new specialized job positions, the attraction of high-income employees from overseas, as well as promoting the country's name as a professional services hub, during a period which included particular challenges and investments in the real economy.