Background
A Trust is an equitable obligation, binding a person, called the
trustee, to administer the property which is transferred to him by
the settlor for the benefit of a person, called the beneficiary,
based on the oral or written wishes of the settlor, which are
expressed in the trust deed or will.
The trustees are appointed by the settlor and can be legal
entities or physical persons.
The Law defines an international trust as follows: the settlor
and beneficiaries must be Republic of Cyprus non-residents during
the last year, preceding the formation of the Trust.
Why Cyprus?
Cyprus is a prominent fiscal international centre which provides
attractive opportunities for establishing and operating a
Trust.
