• Cyprus International Trust

  • Legal Framework

    The Cyprus International Trust is governed by the International Trust Law of 1992, as amended in March 2012.

  • Registration Requirements

    A Cyprus International Trust should be registered.

  • Settlor

    The Settlor can be a permanent resident of Cyprus. However the Settlor may not be a Cyprus permanent resident in the year preceding the year of creation of the Trust.

  • Beneficiary

    The Beneficiary can be a permanent resident of Cyprus. However the Beneficiary may not be a Cyprus permanent resident in the year preceding the year of creation of the Trust.

  • Trustee

    At least 1 trustee should be local and licensed.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    There is no maximum duration for a Cyprus International Trust.

  • Property

    There is no restriction on the property of a Cyprus International Trust.

    Assets can be added to the trust at any time during its life.

  • Confidentiality

    Even though a Cyprus International Trust should be registered, the registry is not available to the public. The names of the settlor and beneficiaries are not included in the registry but should be kept by the service provider and is subject to inspection by the authorities.

  • Taxation

    The income and capital gains of a Cyprus International Trust are exempt from income tax and capital gains tax in Cyprus.

    Non-Cyprus tax resident Beneficiaries are taxed only on Cyprus-source income and profits.

  • Asset protection

    A Cyprus International Trust will not be void or voidable in the event of the Settlor's bankruptcy or liquidation thus achieving asset protection from creditors. However, the Trust may be set aside by its Creditors If it is proven to the satisfaction of a Cyprus court that the trust was made by the Settlor with the intent to defraud its creditors.

  • Reporting Requirements

    There are no reporting requirements for a Cyprus International Trust.