The Cyprus International Trust A Practitioner's Approach

A. GENERAL

I. THE LAWS APPLICABLE TO TRUSTS – GENERAL PROVISIONS

The Laws

The legal framework governing trusts in Cyprus is based on The Trustees Law, Cap. 193, (“The Trustees Law”), which is largely based on the English Trustee Act of 1925 and on The International Trusts Law, No. 69(I)/92, (“The International Trusts Law”), enacted in July 1992 and amended with the International Trusts (Amending) Law, No. 20(I)/2012.

In addition to the above enactments, Cyprus has ratified with the law No. 4(III) / 2017 the Hague Convention on the law applicable to trusts and on their recognition, hereinafter referred to as “The Hague Convention on Trusts” which is a convention related to conflict of laws issues and sets out rules as to the recognition of trusts of one jurisdiction to another.