Trusts And Trustee Services In Cyprus

Trust formation

Seeking competent planning advice is key when choosing the best structure for a trust, as well as managing and administrating it, in accordance with the International Trusts Law of 1992 to 2013.

When structuring a trust, both asset wealth protection and estate planning options should be considered. Cyprus trusts also offer unique tax advantages, and there is a wide network of double taxation treaties between Cyprus and other countries that clients can benefit from.

Trust assets include:

• bank deposits;
• real estate;
• cash;
• jewelry;
• any kind of personal property; and
• company shares.

The most frequent type of trusts in Cyprus are:

• discretionary trust