Cyprus International Trusts
A Cyprus International Trust is established under Cypriot International Trust law and requires that the Settlor of the Trust is not a Cyprus tax resident during the calendar year prior to establishing the trust.
The Settlor may, however, become a Cyprus tax resident subsequent to the establishment of the trust. The beneficiaries of the trust (other than Charities) should not be Cyprus tax residents during the calendar year prior to the establishment of the trust, they may, however, become Cyprus tax residents subsequent to establishment.
Immovable property can be included in the trust.
One of the principal requirements is that at least one of the Trustees remains a Cyprus tax resident throughout the duration of the trust.