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Cyprus International Trusts Reborn

May 2012 - Corporate & Commercial. Legal Developments by Kinanis LLC.

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In March 2012, the Parliament of Cyprus enacted the long awaited International Trust (Amending) law of 2012 effecting various structural changes to the International Trust law of 1992.

The amendments were necessary to adapt the Cyprus law on International Trusts, to the current needs of international investors and at the same time strengthening the role of Cyprus as a trust jurisdiction.

- Kinanis LLC

May 2012 - Corporate Division of Kinanis LLC

More articles by Kinanis LLC

In March 2012 the Parliament of Cyprus enacted the long awaited International Trust (Amending) Law of 2012 effecting various structural changes to the International Trust law of 1992.

The amendments were necessary to adapt the Cyprus law on Trusts, to the current needs of international investors and at the same time strengthening the role of Cyprus as a trust jurisdiction.

A new favorable trust regime has been enacted ensuring that international investors, settlors and beneficiaries, enjoy the highest possible degree of protection and flexibility in a modern and attractive trust environment.

This legal update summarizes the most significant amendments that may be of interest for the international investor considering to structure its business and personal affairs under a trust.

This legal update along with all our other publications can also be downloaded from our website at http://www.kinanis.com/publications.html.

With the recent amendments in place the Cyprus International Trust Law has been reborn and at the same time Cyprus has become an important player and prime location for international trusts which deserve attention once the trust vehicle is  amongst the options of international investors.

Our Legal and Tax Departments are ready to assist you with any clarifications you may need and to provide relevant consultation on the future steps that need to be taken involving trusts structures.

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For more information please visit www.kinanis.com

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