Cyprus International Trusts - Asset Protection

The Cyprus International Trust ("CIT") continues to enjoy an increased momentum and demand, not only through the establishment of new trusts but also through having foreign trusts 'redomiciled' to Cyprus and becoming CIT's.

CIT's are governed by the International Trusts Law of 1992 (Law 69(I)/1992), as amended by Law 20(I)/2012 and Law 98(I)/2013 (the "Law"), which now has increased and reinforced dynamics following its major amendment in 2012.

One of the main and strongest aspects that differentiates CITs from many other international trusts and so often constitutes it to be the preferred choice, is that of asset protection.

Asset protection is a paramount consideration for many people. Generally speaking, asset protection planning involves the placement of one's assets in a legal, practical and efficient manner, beyond the reach of future creditors or other claimants (of either the settlor or the beneficiaries), protecting them from potential misuse, claims