CYPRUS TRUSTS
Cyprus trust law is modelled on the English Trustee Act of 1925 and was modernised under the Cyprus International Trust Law 1992, subsequently amended by Law 20 (I)/2012. The Cyprus International Trust Law is one of the most attractive trust frameworks in the world – with the added bonus of being within the EU.
Why set up a Cyprus International Trust?
Asset Protection: A Cyprus International Trust offers robust asset protection mechanisms, shielding assets from creditors, litigation, and other potential threats.
Confidentiality: Cyprus is renowned for its strict confidentiality laws, ensuring the privacy and anonymity of settlors and beneficiaries.
Succession and Estate Planning: A Cyprus International Trust provides an effective vehicle for succession planning, allowing settlors to dictate how their assets will be distributed upon their death, circumventing potentially lengthy and costly probate procedures.
Tax Planning: Cyprus offers favourable tax regimes for international trusts, with provisions for tax exemptions, reduced rates, and other incentives, making it an attractive jurisdiction for tax planning purposes.
Establishing a Cyprus International Trust
With our expertise in setting up international trusts and administering them, we can offer advice on how best to establish and maintain a Cyprus International Trust for an array of needs. A Cyprus International Trust can be set up for asset protection, confidentiality, as well as for estate and tax planning.
Additional Information:
Cyprus is a reputable and well-regulated jurisdiction for international trusts, offering a stable legal and financial environment conducive to wealth preservation and growth.
Under Cyprus law, a trust deed must be executed to establish a trust, specifying the trust's terms, including the identity of the settlor, trustee, and beneficiaries, as well as the trust assets and purposes.
Cyprus International Trusts enjoy certain tax advantages, including exemptions from income tax, capital gains tax, and inheritance tax, subject to meeting specific conditions outlined in the legislation.
Furthermore, Cyprus's membership in the European Union provides additional benefits, including access to EU directives and regulations, facilitating cross-border transactions and enhancing the trust's credibility and recognition internationally.
Cyprus trust law is modelled on the English Trustee Act of 1925 and was modernised under the Cyprus International Trust Law 1992, subsequently amended by Law 20 (I)/2012. The Cyprus International Trust Law is one of the most attractive trust frameworks in the world – with the added bonus of being within the EU.
Why set up a Cyprus International Trust?
Asset Protection: A Cyprus International Trust offers robust asset protection mechanisms, shielding assets from creditors, litigation, and other potential threats.
In conclusion, a Cyprus International Trust offers a compelling solution for individuals seeking effective asset protection, confidentiality, and tax planning opportunities within a reputable and well-regulated jurisdiction. With our expertise and guidance, settlors can navigate the complexities of trust establishment and management with confidence, ensuring their wealth is preserved and their objectives are met.