Our firm will assist you on how to form the structure of your Trust, in accordance with the domestic & international laws.

Cyprus International Trust

One of the main and strongest aspects of a Cyprus International Trust (CIT) is that of the asset protection. CITs are often used as an asset protection vehicle by becoming a “firewall” for all underlying assets. The CIT law specifically provides that there is a short limitation period of only two years from the date of the transfer of the assets into the trust for a creditor to challenge the trust. The burden of proof lies with the creditor, who has to prove to the Cyprus courts an intent to defraud the creditor. After that, the CIT shall not be void or a claim made thereon in the event of the settlor’s bankruptcy or liquidation or any claims/ proceedings whatsoever against the settlor or by reasons such as that the applicable laws of any jurisdiction do not recognize or prohibit the concept of a trust.

What we encourage for our clients is to consider asset wealth protection combined with estate planning options. Cyprus Trusts can offer a distinctive tax planning opportunity and provide you entry to the extensive network of Double Tax Treaties signed by Cyprus. The setting up and the management of a Cyprus Trust includes: Family Trust, Business Trust, Investment Trust, Inheritance Trust and Asset Protection Trust. The extensive benefits can be summarized as follows:

• Protection of assets and wealth for future security, from any business failure, from future creditors or from a dysfunctional relationship or marriage.

• Cyprus Trusts are subjects to a low tax regime, reducing therefore exposure to high taxes of your country of residence.

• Inheritance planning and retaining control over statutory disposition of assets.

Trust assets consist of bank deposits, real estate, cash, jewelry, and any kind of personal property whereas holding company shares on trust aiming to anonymity of the ultimate beneficial owner (UBO). The reasons of choosing such anonymity are summarized as follows:

• Family Protection when you build in silence people does not know what to attack. The less they know about you, your family and especially your business dealings the better.

• Asset Protection, Similarly to Trusts, corporate anonymity offers nothing less than what a trust offers. Shares of the company are held on trust on behalf and for the benefit of the ultimate beneficial owner (UBO).

• Less Public Exposure, again, when you build in silence people does not know what to attack. It is common among businessmen, who are dealing with a range of businesses wish to keep their anonymity. A service like this, ensures and guarantees such protection.

Our top priority is to ensure that confidentiality and professionalism towards our clientele is met in the highest possible way. Our package of services consists of:

• Formation and management of Cyprus and Foreign Trusts.

• Appointment of Trustees.

• Nominee appointments for private individuals and investments