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If you would like to work in a growing and energetic company with many career opportunities then apply at Nexia Poyiadjis. We are always looking for great talent.

 

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To get ahead of the competition please apply for upcoming or current opportunities and e-mail your Curriculum Vitae and cover letter to humanresources@nexia.com.cy.

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International Collective Investment Schemes (ICISs)

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