AGW Investment Fund

Safe haven for capital to work

Upcoming Events
27 SEPT 2019 VII Annual International Conference Practical Aspects Of Maritime Shipping: Experience 2019
Saint-Petersburg, Russia
6-9 OCT 2019 Maritime Cyprus Conference 2019
Limassol, Cyprus
15 OCT 2019 Greek Ship Finance Forum 2019
Athens, Greece

About Fund

Reliable financial tool for investors

Opportunity to participate in dividend distribution

Profit generated by portfolio of merchant ships

EU citizenship by Cypriot Investment Programme

AGW Investment Fund RAIF VCIC PLC is registered with the CySEC as a Registered Alternative Investment Fund, structured as an Umbrella Scheme.

Why Cyprus

Favourable tax regime when distributing dividends and proceeds from sale

Cost effective operational structure of AGW fund and subsidiaries owning the ships

High standard in financial and shipping industries

European citizenship for investments

Partners

Depository Services

EFG BANK (LUXEMBOURG) S.A. – Cyprus Branch
  • Private banking and asset management services
  • Long term credit rating of A1 and A by Moody’s and Fitch respectively
  • Headquartered in Zurich, Switzerland

Fund Management

Byron Capital Partners, Cyprus
  • Licensed and regulated by CySEC, No AIFM13/56/2013
  • Funds Managed in Cyprus, Ireland and Luxembourg
  • Multi-year track record managing institutional capital, DD material on request
  • Included in the 2018 World Finance 100

Fund Administration

PricewaterhouseCoopers Fund Services, Cyprus
  • Member of PwC global professional network services
  • Recognised Accounting, Auditing, Tax and Business advisers
  • Headquartered in London, United Kingdom

Legal Advisor

L.G. Zambartas LLC, Cyprus
  • Shipping and corporate law
  • Governed by the Law Society of England and Wales
  • Member of Cyprus Bar Association

Investor Profile

Subscription through private placement

Considered eligible to obtain EU Passport

Well-informed & Professional investors

Medium to low risk appetite

Medium to long term investment horizon



Investment Strategy

  • Use the market conditions in shipping industry for the benefits of investors
  • Purchase of merchant ships to generate cash flows from operating activities, proceeds from the sale
  • Diversification of portfolio based on the market segment of the ships and expected charter employment
  • Acquired vessels are separated in SPVs under the ownership of the Marine Equities Compartment

Key Facts

  • Compartment: Marine Equities (Class A Investment Shares)
  • Dividend Policy: Annual payments upon discretion and subject to liquidity and profitability
  • Minimum Investment: USD 300.000
  • Minimum Holding: 3 years
  • Deferral policy: 20%
  • Entry Cut-Off: 1 business day prior valuation
  • Exit Cut-Off: 365 calendar days prior valuation

Portfolio

  • Currency: USD
  • NAV Calculation: Semi-annually
  • Assets: Commercial cargo ships operated by well-established ship managers
  • Market segments: Liquid sale and purchase of vessels and chartering activity
  • Investment objective: Satisfies the criteria of the scheme for naturalization of non-Cypriot investors

EU Citizenship

Investors in AGW Investment Fund will be considered eligible for Naturalisation to obtain a Cypriot citizenship

Legal basis:

  • Council of Ministers’ Decision dated 13.09.2016
  • Subsequent Council of Ministers’ Decisions of 01.2018, 05.2018 and 02.2019

To obtain EU Passport:

  • Minimum investment of EUR 2 mln
  • Hold for 5 years from the date of naturalization
  • Residential property for living of EUR 500’000 excl. VAT

Additional requirements for Cyprus Citizenship:

  • Schengen Visa prior to submitting a citizenship application
  • Contribution of EUR 75’000 to the Cyprus Land Development Corporation
  • Contribution of EUR 75’000 to the Research Promotion Foundation

Governance

Partners & Board of Directors

Andrey Shishkin

  • 26 years of experience in shipping industry
  • From a deck cadet to partner of the international crewing company
  • Professional maritime education, Certification

Alexey Nikitin

  • 14 years of experience in shipping industry
  • From a deck cadet to partner of the established bunker trader and supplier
  • Professional maritime education, Certification

Natalia Sakharova

  • Member of Cyprus Investment Fund Association
  • Member of CISI Cyprus Social & CPD Committees
  • CySEC’s Advanced Legal Framework Certification, ACSI, MSc, MA

Special Terms

For ship owners willing to contribution in kind and become investors capital@agw.fund
For investors wishing to have a sub-fund and control their own fleet capital@agw.fund
For those who want to apply for Cyprus citizenship by investment capital@agw.fund

Contacts

Email: capital@agw.fund

Alkaios Str 7, Alkaios Court, Off 103,
3090 Limassol, Cyprus