The Cyprus International Trusts

The Trust

The concept of the trust as we know it in our days dates back to the Crusaders in the 12th Century and is based on the Anglo-Saxon legal system. It was devised to allow continuity of family property and succession in troubled times when the "master of the house" was off to war.

Basic Structure

Although the various types of trust vary in complexity, the common feature or basic structure is as follows:

1. The Settlor is the person who creates the trust; he is the owner of the initial property placed under trust; he has the assets and places the same into the trust.
2. The Trustee/s is the person/s (individual or company) who agree/s to hold the trust assets (the 'trust assets) in its/their name for the benefit of the Beneficiary/ies under the terms of the trust.