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The world of private wealth is no longer about hiding assets, it is about protecting and growing them transparently, efficiently, and across borders.

Asset protection is the adoption of advance planning strategies which place one’s assets beyond the reach of future potential creditors or other claimants.

Cyprus adopts a progressive and competitive approach, attracting asset managers in Cyprus, maintaining its status as one of the leading global financial centers.

Despite being among the smallest countries in terms of area and population, Cyprus has developed into one of the world's most important financial and business centres.

The Cyprus Parliament has passed a series measures to increase various taxes and impose a levy on companies incorporated in Cyprus.

International Collective Investments Schemes in Cyprus are governed by the International Collective Investment Schemes Law (Law 47(I) of 1999 as subsequently amended, the "Law".

The principal laws regulating arbitration proceedings in Cyprus are the Arbitration Law, Cap 4, and the Law on International Commercial Arbitration of 1987, Law 101 of 1987 ("the ICA Law").

This guide is aimed at providing general information to those interested in gaining a more detailed knowledge as to the laws and procedures surrounding the issues of corporate recovery and insolvency within Cyprus.

In Cyprus, as in other economies, joint ventures have become an increasingly common form of business organization, where two or more natural persons or business entities combine and pool their financial resources, specialized knowledge, and practical experience to implement a specific project or undertaking.

The Law does not provide a comprehensive definition of ‘trusts’. Trusts law was largely developed by the courts on a case-by-case basis. It is the development of this case law which provides us with a better understanding of what a trust arrangement entails.

All companies tax resident of Cyprus are taxed on all income accrued or derived from all sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on income accrued or derived from a business activity which is carried out through a permanent establishment in Cyprus.

Cyprus is one of the main centres for shipping services in the world. It currently ranks 6th according to the Lloyd’s Register list of leading maritime nations with around 1407 vessels under the Cyprus flag, totalling around 23 million gross tonnage.

Cyprus is one of the main centres for shipping services in the world. It currently ranks 6th according to the Lloyd’s Register list of leading maritime nations with around 1407 vessels under the Cyprus flag, totalling around 23 million gross tonnage.