We have significant experience in forming and providing trustee services for Cyprus International Trusts. For those residing in high taxation jurisdictions, it's possible to minimize their tax burden on income or wealth by transferring assets, including movable and immovable property, shares, or cash, to a Cyprus International Trust. Under a proper tax structure, the beneficial double taxation treaty network of Cyprus can be utilized to provide significant tax advantages.

One of the primary benefits of a Cyprus International Trust is the confidentiality it offers. Financial results of an International Trust are not required to be registered or published, providing enhanced privacy and confidentiality to the parties involved. This is in contrast to many overseas jurisdictions where wills become open to public inspection when a person dies.

Establishing a Cyprus International Trust also offers several other advantages. Trusts and beneficiaries of trusts are not taxed in Cyprus, and no capital gains tax is paid by the International Trusts. Distributions to beneficiaries are also not subject to tax in Cyprus, and assets can be added to the trust at any time. The trust can be a shareholder in a Cyprus or foreign company, and if the Cyprus Trust is a shareholder in a Cyprus Company, it will enjoy the tax and other benefits of the Cyprus international company.

Trust assets are permanently separated from the Settler's personally owned assets, providing additional asset protection. The trust can be either revocable or irrevocable, depending on the specific requirements of the Settler. Our team of experts can provide guidance on establishing and managing Cyprus International Trusts, ensuring that our clients' individual needs are met. Contact us today to learn more about how we can assist you in maximizing the benefits of a Cyprus International Trust.