Procedure on How to Establish a Trust in Cyprus

Discover in our presentation the main features of Cypriot trusts. For detailed information on the creation procedure, please read our article https://opencompanycyprus.com/open-a-cypriot-trust/.

1. How to Create a
Trust in Cyprus
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2. Trusts in Cyprus are regulated by the
International Trust Law, as well as by
international conventions.
Legislation

3. To be registered, a Cypriot trust must
contain information of the following:
settlor;
beneficiary(ies);
trustees.
Participants

4. Those who want to create trusts in
Cyprus can choose among:
fixed trusts;
discretionary trusts;
charities;
protective trusts.
Types of Trusts

5. Cypriot trusts can be created through trust
deeds or by wills.
It must be registered with the Securities
and Exchange Commission, not the Trade
Register.
Means of Establishment

6. To be recognized a trust must have
the following elements:
the settlor’s intention to create
the trust;
the assets to be held in the trust;
the names of the beneficiaries.
Elements

7. It is possible to have foreign trusts
recognized in Cyprus.
It is also possible to create
international trusts in Cyprus.Recognition of Foreign
Trusts

8. The trust is not subject to
taxation, but beneficiaries can be
taxed if they are Cypriot
residents.
Taxation

9. Here are the main advantages of a
Cypriot trust:
it can be used to protect assets;
it is a good inheritance tool.
Advantages

10. Thank You for Your Attention!
For more information, you can contact us at:
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www.opencompanycyprus.com