MAXIMUM ASSET PROTECTION - CAN BE SET UP IN LESS THAN 5 WORKING DAYS

The Cyprus International Trust regime enables non-tax residents of Cyprus to create a Trust in Cyprus and enjoy the highest possible degree of asset protection and create estate planning internationally along with the tax benefits and strict confidentiality.

HOW IT WORKS:

  • The Settlor transfers the property/assets to a legal or physical person, the Trustee, who holds the property for the benefit of the beneficiaries in accordance with the terms of the Trust Deed.
  • The following conditions must be met in order to have a Cyprus International Trust:
    • The Settlor, must not be a resident of Cyprus during the calendar year, preceding the year of creation of the Trust; AND
    • The beneficiaries, with the exception of charitable institutions, must not be resident of Cyprus during the calendar year, which precedes the year of creation of the Trust; AND
    • At least one of the Trustees must be a tax resident of Cyprus throughout the life of the Trust

STEPS TAKEN:

1. The Settlor notifies us of the assets to be gifted to the Trust

2. We prepare the Trust Deed as per the Settlor’s requests

3. The Settlor is free to decide the way the type of Trust and how the Trust will function in terms of income, expenses and investments.

4. We send the Trust Deed back to the Settlor for approval.

5. The Settlor is also free to appoint a Protector who can be any individual resident or non-resident of the Republic of Cyprus.

6. Once the Trust Deed is approved by the Settlor it is then signed in original and stamped at the government office by paying the stamp duty as well.

For more information on Cyprus International Trusts please visit https://cyprusconsultancy.com/why-choose-cyprus-for-international-trusts-cit/

We Have An All-Rounded Team Ready to Help

FAQs

Can I open a bank account on the Cyprus International Trust ?

Yes of course you can.

Can I put on the Trust assets in foreign jurisdictions?

Like with Cyprus Companies yes you can gift assets in foreign jurisdiction to the Cyprus International Trust.

Should I travel to Cyprus to set up the Cyprus International Trust?

Yes everything can be done remotely.

Can the Trust have multiple beneficiaries?

Yes, the Cyprus International Trust can have multiple beneficiaries who are usually the family members of the Settlor hence the Trust is set up for succession purposes.

Still have questions?

Call us at +357 24663570

Contact us

Where to find us:

81, Griva Digeni Avenue, MARINOS Court, 3rd floor, office 301

P.O. BOx  42656, P.C. 6501, 6043

Larnaca – Cyprus

Tel: +357 24663402 , Fax: +357 24663409

E-mail: admin@cyprusconsultancy.com

    The information on our website is not designed to offer professional advice and is not exhaustive but rather designed to give an idea of what our Company offers. Should you be interested to find out more about who we are and what we do kindly reach out to our highly skilled team members for a preliminary assessment of your needs and an introductory consultation.

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