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Name of the trust
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Cyprus International Trust
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Governing law
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Cyprus, International Trusts Law
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Type of trust (basic option)
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Irrevocable discretionary
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Needs potentially addressed
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Preservation and transfer of assets, CFC
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Assets put into trust (basic option)
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Shares in a holding company
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Trustee
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Licensed legal entity, regulated by CySEC
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Key director of the Trustee
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EU citizen, UK solicitor, Trust and Estate Practitioner (TEP)
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Working languages
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English
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Locations
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London, UK; Nicosia, Cyprus
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Travelling to other countries
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Can be agreed
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Finding a Protector
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Can be agreed
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Legal support
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GSL Group
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Liaising with banks
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GSL Group
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Cyprus International Trust (CIT) is regulated by International Trusts Law No.69 (I) of 1992 and Trustees Law (Cap. 193) of 1955 and is a rather flexible instrument for asset structuring.
A trust can be an invaluable tool of tax, family or estate planning. Thanks to the flexibility of Cyprus law, a trust deed can be drafted to reflect the interests of the trust’s settlor and beneficiaries most effectively.
CIT offers a sufficient degree of confidentiality even despite the public register of beneficial owners introduced on 23 February 2020 (under the Prevention and Suppression of Money Laundering and Terrorism Financing Law, 2007).
The information contained in the register is only provided to persons that have a legitimate interest related to combating money laundering and terrorist financing. Whether there is a legitimate interest or not in a particular case is assessed by the regulator (CySEC). Only certain government authorities of the Republic of Cyprus have full and unrestricted access to the register.
We will also take care of issues relating to transfer of assets into trust (corporate and tax aspects) and liaise with banks.
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Services
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Fees + 19% VAT
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Basic cost of trust settlement, including drafting of standard trust documents and structuring of assets to be put into trust, related consultations, registration with CyTBOR
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EUR 10 000
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Trustee services per year, basic fee
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EUR 12 100
Basic fee includes 8 billing hours per year |
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Legal services
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As per GSL Group rates
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Compliance fee
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As per GSL Group rates
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*The fees are valid as of September 2026. The invoices will include 19% VAT on the services rendered, except tax payments.