Accounting For Trusts Cyprus

Fiduciary Services Cyprus

Cyprus is a trusted international financial center with attractive benefits for setting up and managing an international Trust. Cyprus International Trusts have provided high levels of protection and flexibility for non residents and attract HNWIs from all over the world.

Accounting For Trusts Cyprus

The Cyprus International Trust Law was significantly reformed. Law 20(I),/2012 (amending law) is said have made the Cyprus Trust System the most current and favorable Trust system in Europe. CITs should be made more practical, accessible, effective, and efficient by amending legislation. This law is based upon greater certainty, clarity,, and stability.

Trust And Estate Law Cyprus

HNWIs are increasingly choosing Cyprus over other EU Trust jurisdictions due to its low cost and professional services. This guide outlines CITs and the Cyprus International Trust Law. The Guide is therefore intended as a guideline for further discussion and analysis of the issues and their advantages.

Trust And Estates Cyprus

The beneficiary's domicile and whereabouts of the Settlor will impact the specific benefits of a Trust. These are the main benefits of a Cyprus International Trust. 193, which mostly follows the English Trustee Act of 25, and the International Trusts Law No.69/92 as it was recently amended (the Law and the "CIT Law"), is the basis.

Offshore Asset Protection Trust Cyprus

Case law and principles of equity also apply. A Trust can appoint Protectors, which are persons other than the Trustee. These powers include the ability to veto Trustee’s decisions and to appoint/cancel the Trustee.

Trust Company Cyprus

Globalserve has extensive experience with administering and establishing Cyprus International Trusts.

Trust Management Services Cyprus

Our experts can assist you with establishing a Cyprus International Trust based on your needs and business.