Articles in English
Today more than ever, wealthy families are faced with new risks, challenges, and changing needs both for the business and the family. Family Offices are evolving to meet these needs: Protect the family wealth through effective asset protection, investment management, and succession planning. Enhance family cohesion and transition between generations regarding the family’s legacy, strategy, values, and key decisions. Exercise better control over family holdings/assets through the right governance. Manage the various risks facing the family (including investment risk, reputation…
The submission of data concerning beneficial ownership is due by 12 March 2022 in accordance with the relevant announcement of the Department of Registrar of Companies and Intellectual Property. LEGAL BACKGROUND In early 2021, the Cyprus government transposed the 5th EU Anti-Money Laundering (AML) Directive into Cyprus legislation, amending the Law for the Prevention and Suppression of Money Laundering Activities.Consequently, all companies and other legal entities that are incorporated or registered in the Republic of Cyprus are now obliged to…
Leon MFO Investments Ltd was established in 2013 and was initially authorised as an Investment Firm by the Cyprus Securities and Exchange Commission (CySEC), with authorisation number 245/14. In April 2020, the Company received authorisation from the CySEC as an Alternative Investment Fund Manager (AIFM) in accordance with the provisions of the AIFM Law, with authorisation number AIFM 37/56/2013. MISSIONOur mission is to help clients manage their wealth by implementing thorough, bespoke, and disciplined investment strategies.We continuously strive to provide…
The Cyprus Investment Funds Association (CIFA) announced that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7% despite the adverse effects of the pandemic. “The sector is now established as one of the most promising of the Cypriot economy and one of the fastest-growing at a European level,” CIFA said in a statement, adding that it wishes to express its “satisfaction with the sector’s course and believes that its upward but…
M. Target Group was established in 2014 in Cyprus, a perfect location for globally oriented companies and high-net-worth individuals; starting as a medium-size firm offering accounting, tax planning and consulting services, over the years it has built a solid reputation for balancing strategic thinking with a ‘can-do’ approach as well as a loyal base of both local and international customers, while expanding into new fields and new markets with a focus on a proactive approach to addressing challenges of the…
Switzerland, Norway, UK, Germany, Sweden, and France lead the rankings as best places for private businesses and entrepreneurship to flourish in PwC’s first ever EMEA Private Business Heatmap. It ranks the attractiveness of 34 EMEA countries across categories including macroeconomics, private business landscape, tax and regulatory environment, Environmental, Social, and Governance metrics, public health, education, skills and talent, and technology infrastructure. Cyprus ranks in the ‘advancing’ category, placing 12th, with an overall score of 54.5, while The Netherlands ranks 11th…
The fund industry in Cyprus has been steadily growing in recent years. However, there are still gaps in the local market in terms of the investment strategies offered to investors. Successful Business spoke to Andrey Narutskiy (AN), CEO and Executive Director, Mikhail Borisov (MB), CIO and Portfolio Manager, and Demetris Nicolaou (DN), Head of Business Development at LEON MFO Investments Limited about the situation in the market and how they plan to enhance the investment offering to wellinformed and professional…