Cyprus Offshore Trust

Whether you are an individual or corporate entity, DeltaQuest can assist you in setting up a Cyprus trust to achieve complete and comprehensive asset protection. Our professional consultants will advise you on the most appropriate type of trust to set up in Cyprus, to meet your individual needs and ultimately ensure you obtain the optimal asset protection solution. When setting up an offshore trust it is advised that professional guidance is sought due to the complexity of establishing a trust. Using DeltaQuest’s trust services will ensure your trust is set up in a timely and cost effective manner.

For more information on Cyprus trusts and to proceed with opening one with DeltaQuest, please view our Cyprus Trust Formation page.

Alternatively, to find out how DeltaQuest can assist you with your trust needs, please Contact Us.

What constitutes a Cyprus Trust

A trust in Cyprus is known officially as a Cyprus International Trust. In order for a Cyprus International Trust to come into effect, the following prerequisites must be met.  Firstly the settlor must not be a permanent resident in Cyprus, whilst a minimum of one trustee must permanently reside in Cyprus. Trust beneficiaries are not permitted to be permanent residents in Cyprus, and lastly, the trust property must not include any immovable property in Cyprus.

A Cyprus International Trust is regulated by Cyprus Trust Law (The International Trusts Law 1992) which is modeled in a very similar way to English Trust Law. As such, it proves to be a favorable location for many foreign investors seeking asset protection.

Cyprus Trust Formation

The legal structure of a Cyprus International Trust incorporates the need of a Settlor, Trustee, Beneficiary and Protector. The settlor initiates the creation of the trust and transfers or ‘settles’ the assets of the trust. The trustee is nominated by the settlor and must be an adult of sound mind. The trustee effectively is the person responsible for managing the assets for the benefit of a person or group of people, known as the beneficiaries.  The protector plays an important role in the management of the trust by monitoring the activity of the trust to ensure compliance with the trust deed.

Why form a Cyprus International Trust

One of the most sought after aspects of owning a Cyprus International Trust is that it offers 100% anonymity.  The level of privacy is at its highest for Cyprus trust set up, therefore it is an attractive feature for individuals and companies alike.  There are many advantages to creating a trust in Cyprus, some of which are detailed below:

- Cyprus offers full assets and equity protection

- There is no inheritance tax applicable in Cyprus

Setting up a Cyprus International Trust with DeltaQuest

DeltaQuest has a strong international network and is fully equipped to set up trust formations all over the world. With regards to Cyprus International Trusts, our professional consultants will support you every step of the way, from the initial application and filing of documentation stage to the actual set up and effective management of your trust. We will also guide our clients on how to create and manage their trust structure in line with the relevant Cyprus trust laws.

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