Cyprus International Trusts Law

The Cyprus International Trusts Law is a legal framework that governs the creation and management of trusts in Cyprus. This law is particularly attractive to international investors due to its flexibility and the strong legal protections it offers.

What is a Trust?

A trust is a legal arrangement where one party, known as the trustee, holds assets for the benefit of another party, called the beneficiary. The person who creates the trust is known as the settlor. Trusts can be used for various purposes, including estate planning, asset protection, and charitable giving.

Key Features of Cyprus International Trusts Law

The Cyprus International Trusts Law offers several advantages:

Confidentiality: The details of the trust, including the identity of the settlor and beneficiaries, are not publicly disclosed.
Flexibility: The law allows for a wide range of trust structures to suit different needs.
Asset Protection: Trust assets are protected from claims by creditors, making them a secure option for asset management.
Tax Benefits: Cyprus offers favorable tax treatment for international trusts, including exemptions from certain taxes.

Setting Up a Trust in Cyprus

To set up a trust under the Cyprus International Trusts Law, you need to appoint a trustee who will manage the trust assets. The trustee can be an individual or a corporate entity. It is also essential to draft a trust deed, which outlines the terms and conditions of the trust.

Why Choose Cyprus?

Cyprus is a popular jurisdiction for setting up international trusts due to its robust legal system, favorable tax regime, and strategic location. The Cyprus International Trusts Law provides a secure and flexible framework for managing and protecting assets, making it an attractive option for international investors.