International trusts in Cyprus are governed by the International Trust Law of Cyprus 1992. The procedure for establishing an International Trust in Cyprus is straightforward and can be completed in a relatively short period of time. The use of the Cyprus International Trust offers a number of benefits such as a completely tax-free environment and low establishment and running costs.

Cyprus International Trusts enjoy important tax advantages and provide significant tax planning opportunities to interested parties.

More specifically:

• Income of an International Trust is not taxable in Cyprus
• Dividends, interest or other income received by a trust from a Cyprus company is also tax free
• International trusts are not subject to Estate Duty in Cyprus
• Gains on the disposal of the assets of the trust are not subject to capital gains tax in Cyprus