We expect that the introduction of tax and redomiciliation incentives for funds and fund managers and the modernisation of procedures will aid in boosting the fund sector to even higher growth rates.
CyprusProfile.com asked Andreas J Yiasemides, President of Cyprus Investment Funds Association (CIFA) to describe the current situation with Cyprus’ Investment Funds' sector and what his expectations are for 2021.
Cyprus funds have been a platform for investments, attracting FDI in all sectors of the economy. We expect that the introduction of tax and redomiciliation incentives for funds and fund managers and the modernisation of procedures will aid in boosting the fund sector to even higher growth rates. In addition, the empowerment of the fund ecosystem with the entrance of additional international players in the fund management and custody space are a vote of confidence and ratify the industry’s capabilities.
