Contact Us

Title*
Your Email*
Subject
Your Message
Captcha*

 

Cyprus Fund fee quotation form

 

Cyprus Investment Funds (Alternative Investment Fund AIFs)

Please answer to the below questions to get a free fee quotation

(Please click to download the fee quotation questionnaire form in word format)

Method of Administrator payment     1)% on NAV        2)per hour      3)per job/transaction

 

…………………………………………………………….

Activities? (So as to assess the reporting package to the various stakeholders and to relevant government authorities. i.e. Investments in stock, immovable property, bonds etc.

 

…………………………………………………………………..

Investment manager appointed? Any investment committee?

 

…………………………………………………………………..

Number of activities. If for each activity a separate category of shares will be issued. I.e. number of category of shares to be issued.

 

…………………………………………………………………..

Any salaried directors?

 

…………………………………………………………………..

Any Directors fees based on performance?

 

…………………………………………………………………..

Number of unit holders holding management shares and number of Directors. Any limitations on decision making?

 

…………………………………………………………………..

Place of investment activities (So as to assess the complexity of tax implications)

 

…………………………………………………………………..

Expected income sources  (So as to assess the complexity of tax implications)

 

…………………………………………………………………..

Initial number of Unit holders

 

…………………………………………………………………..

Country of investors’ origin

 

…………………………………………………………………..

Expected number of unit holders at end  of the year

 

…………………………………………………………………..

Initial investment per unit holder

 

…………………………………………………………………..

Expected number of total investments end of year

 

…………………………………………………………………..

Any contribution in kind by unit holders i.e. property shares in private entities, stocks eta? (describe)

 

…………………………………………………………………..

Expected assets of the fund at commencement and at end of year

 

…………………………………………………………………..

Expected leverage. Any loan agreement intentions?

 

…………………………………………………………………..

Close or open ended?

 

…………………………………………………………………..

Fixed or Variable capital?

 

…………………………………………………………………..

Limited or unlimited duration?

 

…………………………………………………………………..

Currency involved? If investors will contribute in difference currency other than the currency of the fund?

 

…………………………………………………………………..

Managing all paperwork (mail house) and dealing with correspondence? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Maintenance of Share Register of Shares, issuance of share certificates? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Keeping of minutes and calling and conducting of all shareholders’ meetings, Monitoring appointments, and resignation of Directors, Auditors, and Administrators? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

How often the issuance of statement of Investors interests should be send to investors?

 

…………………………………………………………………..

Investor’s information and notifications?

 

…………………………………………………………………..

Processing of applications and redemptions of Investors, (if not to be done directly by the bank) i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Initiating and processing of Investors receipts and payments and monitoring clearing of funds (if not to be done directly by the bank) i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Initiating and processing of expenses/ payments? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Net Asset Value determination and valuation of share price? (Net Asset Value determination does not include investment valuations i.e. Net Present Value valuations eta.) i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Monitoring of non-standard assets and advice for revaluation? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Maintenance of an asset list? i.e. outsourced to us or staff employment

 

…………………………………………………………………..

Overall basic administration of the fund. I.e. monitoring of application dates, monitoring of request periods, monitoring of reporting packages to the Central Bank?  – I.e. outsourced to us or staff employment i.e.

Yearly

Financial statements

Information on borrowing

Portfolio information

Auditors report

Half Yearly

Balance sheet

Income and expenditure

Statement of sources from which the total income of the ICIS  has been generated

Statement of duties charges and fees paid out

Statement of income distribution or allocation

 

…………………………………………………………………..

Any preparation of financial statements in accordance with IFRSs? (Clarify if this services will be performed by auditors)

 

…………………………………………………………………..

Any minimum holding period? (Lock up period)

 

…………………………………………………………………..

Application sales charge?

 

…………………………………………………………………..

Any commission policy given for referral?

 

…………………………………………………………………..

Redemption charges?

 

…………………………………………………………………..

Early redemption fee?

 

…………………………………………………………………..

Any managers fee calculation?

 

…………………………………………………………………..

Any mangers annual Performance Fee Calculation?

 

…………………………………………………………………..

Any High-Water Mark? (The highest peak in value that an investment fund/account has reached. This term is often used in the context of fund manager compensation, which is performance based)

 

…………………………………………………………………..

Any Hurdle Rate? (The minimum amount of return that a person requires before they will make an investment in something) This is usually used in stock management as a minimum return on investments) i.e. fund manager fees may be calculated at x% above hurdle rate

 

…………………………………………………………………..

Processing of Income, dealing with direct taxability of Income and Income allocation to Investors?

 

…………………………………………………………………..

Anti money laundering compliance officer services as required by relevant government authorities? (I.e. keeping the relevant documents as regards to the provisions of anti-money laundering regulations, i.e., copies of passport, utility bills, Bank reference letters affirming the Investors integrity, certificates of good standing issued by the applicable registrar of companies, certificates of incorporation, names and addresses of the ultimate beneficial owners or partners, signatory cards verifying the authority of the directors, officers or partners to sign on behalf of the legal entity or partnership, resolutions for the subscription of shares, keeping trust deeds or partnership agreements, etc.

 

…………………………………………………………………..

Estimated number of transactions per month on income

 

…………………………………………………………………..

Estimated number of transactions per month on investors

 

…………………………………………………………………..

Estimated number of transactions per month on expenses

 

…………………………………………………………………..

Accounting and book keeping records, monthly reconciliation of transactions, processing of employee emoluments, bank reconciliations, and any other related services?

 

…………………………………………………………………..

Inland Revenue compliance. Liaising with the Inland Revenue Office on tax issues as the case may be? (Note that Inland Revenue compliance is addressed to the fund and not to the unit holders individually)

 

…………………………………………………………………..

VAT compliance. Preparation of VAT returns, processing of transactions and dealing with VAT issues? Any transactions between EU and non-EU investments? Any EU &/or non-EU investors?

 

…………………………………………………………………..

Compliance with the contents of the Private Offering Memorandum and Articles and Memorandum of Association?

 

…………………………………………………………………..

Liaison and communication with Auditors?

 

…………………………………………………………………..

Communication with banks on keeping and monitoring the safeguarding of assets, keeping titles, contracts eta.

 

…………………………………………………………………..

Appointment of Non executive directors, nominees, secretary, registered office? How many?

 

…………………………………………………………………..

Other

 

…………………………………………………………………..

Please answer to the above questions to get a free fee quotation

(Please click to download the fee quotation questionnaire form in word format)

For  free consultation please contact:

Email: [email protected]

Stay Connected