Languages: English, Greek
Currency: Euro
Time Zones: GMT + 2 hours
International Airports in Larnaca and Paphos
Cyprus Quick Facts
Why Cyprus Trust?
- Total Tax Exemption
- High level of confidentiality
- No obligation to register
- Competitive price
Requirements
- Bank Reference
- Proof of Residence
- Notarised Passport Copies
For corporate entities: Notarised and apostilled corporate documents
Bank Account
Our firm will assist you with the opening of a Bank Account for your Trust with
Laiki Bank, Cyprus
FBME, Cyprus
VP Bank, Luxembourg
BGG, Switzerland
Laiki Bank, Cyprus
FBME, Cyprus
VP Bank, Luxembourg
BGG, Switzerland
NEWS
- June 2, Ras Al Khaimah: Ras Al Khaimah Investment Authority (Rakia) has issued a total of 370 licences to different businesses between January to April 30 thus registering a 78 per cent growth over the corresponding period last year. (Trade Arabia).
- Dec. 29, Ras Al Khaimah:
Ras Al Khaimah Investment Authority (Rakia), one of the fastest-growing free zones in the region, has announced that it is planning to launch an elaborate concept of themed industry zones. (Gulf News).
- Oct. 14, Dubai: Dubai will be the first location to launch the Miscrosoft newest operating system, Windows 7, during the Gitex Technology week (Gulf News).
- Sept. 9, Dubai: Dubai makes history with the opening of the Metro system at 9pm on Wednesday. The world's largest automated driverless Metro system has been built by 30,000 workers at an unprecedented pace and will serve around 1.2 million passengers every day (Gulf News).
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CYPRUS INTERNATIONAL TRUST
Cyprus Trust Law is based on English Common Law, the Trustee Law Cap
193 which is virtually identical to the English Trustee Act 1925, and
the International Trust Law 1992. In the early 1990’s the Cyprus
Government in an effort to promote Cyprus Trusts enacted the
International Trust Law.
An International Trust is defined as a Trust in respect of which:
(a) The settlor is not a permanent resident in Cyprus,
(b) At least one of the trustees is permanent resident in Cyprus,
(c) The beneficiaries, other than a charitable institution, are not permanent residents in Cyprus,
(d) The trust property does not include any immovable property situated in Cyprus.
It is possible to form the following types of trusts:
Discretionary trust
Fixed trust
Combined (discretionary and fixed) trust
Trading trust
Purpose trust
Freemont Group Corporate Website