Trusts

Cyprus International Trusts are governed by the International Trusts Law of 1992 which regulates the establishment and administration of International Trusts. It has been completed by new amendments on 8 March 2012.

According to the amendments of the Law, a Cyprus International Trust is defined as a trust in respect of which:

A trust is established by an individual and is a means whereby property is held by one or more persons for the benefit of another or others for a defined period. A trust is not a separate legal entity. Trusts are considered to be very important from the tax perspective.

Cyprus International Trusts enjoy very important tax advantages, providing significant tax planning possibilities to interested parties such as follows:

The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.

For further details on these issues, please do not hesitate to contact us.