International Trusts

The Cypriot Trust Law is based on English Trust Law. The International Trust Law opened the way for the creation of International Trusts in Cyprus.


Provisions:
  1. Settlor is not a permanent resident in Cyprus.

  2. One Trustee is a permanent resident.

  3. No beneficiary is a permanent resident.

  4. The trust property can include any kind of movable and immovable property situated in Cyprus or anywhere in the world.

Benefits:
  1. Created in an EU jurisdiction at low cost.

  2. There is no taxation of International Trusts or their income in Cyprus.

  3. May be used to reduce or eliminate inheritance tax or capital gains in Cyprus of the settlor.

  4. May be used to distribute untaxed income in Cyprus to the beneficiaries, i.e. family member.





AN INTERNATIONAL ASSOCIATION OF INDEPENDENT ACCOUNTING FIRMS