Cyprus trust law is modelled on the English Trustee Act of 1925 and was modernised under the Cyprus International Trust Law 1992, which was subsequently amended by Law 20 (I)/2012. The Cyprus International Trust Law is a very comprehensive legal framework with the added benefit of Cyprus being part of the EU.
Vasiliou Law offers comprehensive advice one the use of trusts. We provide assistance in tax planning and in the setting up and management of trusts as well as the recognition in Cyprus of foreign trusts .We also act as nominee shareholder to hold shares in a company incorporated by us if we are satisfied that the underlying reasons are legitimate. We can also provide escrow agency services in local or international private or commercial transactions.
Cyprus International Trusts enjoy important tax advantages, providing significant tax planning possibilities to settlors and beneficiaries.The Cyprus International Trust has proved a very popular asset protection tool for wealthy individuals from Russia, and the other Central and Eastern European countries.