Trust Services Cyprus

Trust And Estates Cyprus

Cyprus is an internationally renowned financial center, offering attractive benefits in establishing and running international Trusts. Cyprus International Trusts (CITs) are an international financial center that has provided protection and flexibility for nonresidents since long. Today, they attract high-networth individuals (HNWIs), all over the world.

Significant reforms have been made to the Cyprus International Trust Law. The amendment law (Law 20(I), 2012) was introduced in the early part of 2012. It is believed to have made the Cyprus Trust system the most modern and favorable Trust regime in Europe. CITs would be more accessible and practical if the amendment legislation was based on greater clarity, certainty, and stability.

Family Protection Trust Cyprus

HNWIs and their families are choosing Cyprus as the preferred EU Trust jurisdiction due to its high quality of professional services and low costs. This guide will provide an overview of CITs as well as the Cyprus International Trust Law. This guide is intended to be a starting point for more detailed and thorough discussion about the advantages and issues.

Trust Office Cyprus

The benefits of a Trust depend on where the Settlor is located and which Beneficiaries they are. The following are some of the benefits of putting assets in a Cyprus International Trust: The legal framework for the establishment of CITs is based upon the Trustees Law, Cap. 193, which is largely based on the English Trustee Act of 1995 and the International Trusts Law No.69/92 as amended (the "Law")

Accounting For Trusts Cyprus

These principles are also applicable to case law and equity. The Trust can appoint a protector, which is a person who is not the Trustee. This includes the power to veto Trustee's decisions, and to appoint or cancel any Trustee.

Trust Fund Management Cyprus

Globalserve, a leader in Trustee services in Cyprus with vast experience in the administration and establishment of Cyprus International Trusts, is an excellent choice.

Trust Service Provider Cyprus

Our experts can help you establish a Cyprus International Trust that is tailored to your business and personal needs.

Trust Services Cyprus