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ARTICLE · 06 APRIL 2018

Why Register A Trust In Cyprus?

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Cyprus still keeps a high position as one of the most attractive jurisdictions for international tax planning in the world.

CyprusCorporate/Commercial Law
Angelos Paphitis
Angelos Paphitis
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Cyprus still keeps a high position as one of the most attractive jurisdictions for international tax planning in the world. Transparency of tax legislation, a low rate of the corporate tax, non-taxation of dividends, and double taxation treaties with the majority of economically developed countries – these all create a favourable climate to perform activities in or through the island of Cyprus.

One of the most prominent attractiveness in Cyprus is a possibility to form an international trust ("trust") according to local trust legislation based on the English law thereby a principle of high-level privacy, confidentiality and common law protection can be guaranteed.

The Cypriot trust legislation consists of:

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