A trust in Cyprus
can be registered by foreign investors following specific regulations, which are provided under the Trustee Law.
is a business form in which a party, generally known as a trustor
, provides the right to hold various types of assets to another party, referred to as trustee
. Further on, such assets will be managed in the best interest of a third party. In order to register a Cypriot trust
, investors are advised to receive legal assistance on the procedure from our law firm in Cyprus
, as there are several ways in which a trust can be established in this country.
Cypriot law on trusts
In order to register a company
as a trust in Cyprus
, the investors have several legal options, as prescribed by the Cyprus Trust Law
. It is important to know that foreign investments
in this sense are welcomed on the local market, due to the fact that Cyprus
enforced in 1992 the International Trusts Law
As a general rule, a trust in Cyprus
is incorporated by high net worth individuals who want to protect and reinvest their assets
.The main reason to register a trust
in a foreign country refers to the level of taxation
in that respective state, which is much favourable than in the home country.
Our attorneys in Cyprus
can offer assistance on the legal procedure to register this business form
and they can also provide in-depth information on the taxation system
applicable to such entities.
Incorporate a Cypriot trust
As mentioned above, the Cypriot law
offers numerous ways to establish a company
registered as a trust
. More specifically, four options, which are presented below:
• investors can also set up an international company through which the assets and the company’s securities are relocated in Cyprus;
• register an international Cypriot trust.
In order to start a trust in Cyprus, the businessmen are required to offer the proof on the intention of registration in Cyprus. Furthermore, the assets which will represent the main object of the trust must be clearly stated.