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Cyprus has repealed its 2017 guidance on Administrative Service Providers under FATCA and CRS, effective immediately with no transitional period. The new interpretation under paragraph 10ter of the Consolidated CRS means that entities like corporate trustees and nominee companies must now count all remuneration for their services in gross income tests, even when fees are paid to other entities in the structure rather than directly to them.

Cyprus is positioning itself as a leading jurisdiction for high-net-worth individuals seeking sophisticated wealth structuring and tax planning solutions. With its non-domicile regime, evolving tax framework, and robust trust legislation, the jurisdiction offers internationally mobile families a comprehensive approach to preserving and transferring wealth across generations within a stable EU environment.

A bond issue will require either a fiscal agent or a trustee. If a fiscal agent is appointed, a Fiscal Agency Agreement will be agreed.

It should be noted that, CyTBOR platform is available to trustees as of 17th of May 2022 and all respective parties as of 17th of June 2022.

Within the regulatory framework of Cyprus, there exists a concerted collaboration between financial institutions and regulatory authorities to uphold the standards of Trust Identification.

On 5 September 2013 the Cyprus parliament passed laws amending the Law Regulating Companies Providing Administrative Services and Related Matters of 2012 and the International Trusts Law of 1992 to 2012 to create a register of trusts established in Cyprus.

The Civil Registry Law in Cyprus that governs the naturalization process has undergone a vital amendment, recently approved by the Parliament.

In today's fast-changing global market, businesses need to adapt, stay compliant, and protect their assets. That's where Eurofast comes in. With decades of experience and a strong presence in multiple jurisdictions...

In an era where the global economy's assets are valued at staggering figures—over $100 trillion in stock markets, approximately $280 trillion in real estate, and more than $128 trillion in bond markets—

Cyprus has activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015...

In the complex realm of asset and wealth protection, the Cyprus International Trust stands out as a highly desirable instrument defined by distinctive characteristics shaped through judicial interpretations...

The economic and business instability of recent years, stemming from the worldwide economic crisis as well as widespread uncertainty and increased national scrutiny, have changed the rules of the business game dramatically.

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 Republic of Cyprus, following its commitment to initialise rules to prevent and identify money laundering, has introduced an amendment to the requirement of registration of trusts.

The Cyprus International Trust (CIT) framework has become a preferred vehicle for individuals and businesses looking to safeguard their assets and manage wealth across borders.

A variety of trusts can be set up in Cyprus. The choice of the type of trust depends on the requirements of the settlor and the objectives each wishes to achieve.

Exploring the related issues we had indicated that our firm had launched legal proceedings against, among others, a nominee shareholder unwilling to co-operate with the beneficial owners...