Cyprus International Trust – Tax free savings plan!
This may be the answer for you
Let me start at the beginning, The Cyprus International Trust is an excellent tax efficient option for individuals wanting to leave their assets profit/non-profit making, to whom ever they so wish, be it a loved one, a charity, business, or even naming themselves as the beneficiary of the Trust.
Keep reading, there are many advantages of creating a trust in the sense that all assets contained in the trust deed (legal document) are not subject to any tax charges. Any profit the assets make while contained in the trust are exempt from any tax. The only charge payable on the trust is a stamp duty payment of little over four hundred Euro.
Even better yet, The Trust or any persons named within the trust are not required to be registered with any Cypriot authorities and the Trust can be changed or cancelled at any time.
Here’s the deal, There is a criterion to abide by in the creation of a Cyprus International Trust which is as follows:
The Creator and Beneficiary must not be a resident of Cyprus
The Trustee must be a professional resident of Cyprus
No immovable property situated in Cyprus can be contained within the trust.
Will it work for you? Maybe, and maybe not… but if you do have assets outside of Cyprus, whether profit or non profit making, property/cash/shares, that you wish to be put into trust either for a loved one or yourself as beneficiary contact our office where we can explain in more detail how a Cyprus International Trust can help you.