Cyprus Trust Formation

Cyprus Trusts have many advantages:

Protection against high tax

In high tax jurisdictions it is possible to minimize tax on income/wealth by transferring property to a Cyprus International Trust. With a proper tax structure and the beneficial double taxation treaty network Cyprus has with many countries, tax benefits are significant.

Holding property that cannot personally be held

Under some laws a minor who is not of legal age may not be able to have property registered in his own name but the property can be held in a trust for the minor’s benefit.

Protection against profligate future generations

A trust is a useful tool which can protect the assets of a family for future generations to avoid profligate future generations from carelessly wasting the assets of the family.

Charities

A Cyprus international Trust can be set up to provide for a charity or other not for profit organization or simply to promote a worthy cause.

Protection of assets

Assets can be placed in a Cyprus International Trust to protect the assets and the interests of the beneficiary from law suits, negative economic conditions such as high inflation rates, weak currencies or unstable political factors which may lead to expropriation and claims by Government.

Transferring of personal assets

For tax or other reasons personal assets may be transferred to a Cyprus Trust.

Investing in business overseas

For an individual who wishes to invest overseas, a Cyprus Trust can be set up and the profits and dividends received from the overseas business may be not remitted to the country of his residence.

Anonymity

An individual who does not want to disclose ownership of a company for confidentiality and anonymity purposes, can do this by setting up a discretionary Cyprus trust to own the shares in the company

Estate planning

A trust is a useful tool which can be used for transferring assets to a beneficiary who would otherwise not be allowed any inheritance due to the laws of the country i.e laws which state that only surviving family members are entitled to the estate of the deceased and there is a limit on the amounts which can be given to non-family members.

It is important to note that all matters which relate to a Cyprus International Trust are determined in accordance with the laws of the Republic of Cyprus and the Cyprus Courts have jurisdiction.

FastCo provides you with specialized tailored solutions. Our team is comprised of professionals who are fully qualified in their field of expertise.

We are a trusted provider of corporate services including:

– Company registration

– Provision of fiduciary services

– Management and administration of companies

– Tax planning

– Accounting

– Opening of corporate bank accounts

www.fastcoregister.com

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