What is an International Collective Investment Scheme
The International Collective Investment Schemes Law, 1999 has provided the required legal framework for the registration, regulation of operations and supervision of ICISs.
An ICIS can take the following legal forms:
- International fixed capital company
- International variable capital company
- International unit trust scheme, and
- International investment limited partnership
The sole object of an ICIS is the collective investment of funds of the unitholders. ICISs are subject to tax like any other entity. In a nutshell what is significant for ICISs is the:
- Exemption from tax on foreign dividends
- Exemption from tax on profit from sale of securities as defined
- No withholding tax on income repatriation by the ICISs
What can we do for you?
We can help in the creation of an International Collective Investment Scheme by assisting with:
- The constitutional documentation and the offering memorandum of the scheme
- The application of the scheme for recognition by the Central Bank of Cyprus
- The offering of administrative services to the scheme
What are the key benefits?
- Free resources from application process and compliance burden.
- Peace of mind - service is offered by specialists that management is able to rely on.
