Why Set Up A Cyprus International Trust

What is a Cyprus International Trust (CIT)?

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust where (i) the settlor was not a Cyprus tax resident in the calendar year before the trust was created, (ii) at least one trustee is Cyprus-resident throughout the life of the trust, and (iii) no beneficiary (other than a charity) was a Cyprus tax resident in the calendar year before creation. The term "resident" follows the Income Tax Law.

Who typically uses a CIT

– International families with assets or beneficiaries in multiple countries.
– Owners of operating companies and holding structures who want a long-term, neutral platform for ownership and succession.