Destination Cyprus: Asian Funds Make Island Their Europe Gateway

Assets under management up 29% in first quarter to record high
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Residential homes and hotels stand along the shoreline in Limassol, Cyprus.Photographer: Simon Dawson

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By Paul Tugwell and Georgios Georgiou

June 11, 2018 at 2:04 AM UTC

This article is for subscribers only.

For many investments funds from Asia, Cyprus has become a gateway to Europe.

Drawn by its location -- straddling the regions of Europe, the Middle East and North Africa and with access to Eastern Europe, Russia and former Soviet republics -- flexible legislation and lower costs, Asian funds are using Cyprus for their single European Union passport for investment across the bloc.