Cyprus: Trusts

New UK regulations effective 30 June 2026 have expanded Trust Registration Service requirements for non-UK trusts holding UK property acquired before 6 October 2020. Cyprus trustees must now navigate complex cross-border compliance obligations, reconcile beneficial ownership reporting across multiple jurisdictions, and understand the critical distinction between direct property ownership and corporate holding structures.

Cyprus is positioning itself as a leading jurisdiction for high-net-worth individuals seeking sophisticated wealth structuring and tax planning solutions. With its non-domicile regime, evolving tax framework, and robust trust legislation, the jurisdiction offers internationally mobile families a comprehensive approach to preserving and transferring wealth across generations within a stable EU environment.

On 26 June 2026, the District Court of Nicosia delivered its judgment in General Application No. 199/2022 and 200/2022, dealing with issues concerning the nature and extent of a beneficiary’s right to obtain disclosure of documents and information from a trustee in relation to a trust, the trust property and its administration.

A Cyprus International Trust, under the International Trusts Law, 69(I)/1992 as amended by Law 20(I)/2012, is a trust where (i) the settlor was not a Cyprus tax resident...

A Cyprus International Trust ("CIT") is a legal structure through which an individual or legal person, known as the settlor, transfers assets to a trustee, who then administers those assets...

Trust law is built on confidence. Trustees hold immense discretionary powers that can shape the lives of beneficiaries for generations.

Cyprus stands out as a prime destination for establishing trusts, offering a robust legal framework with significant tax incentives. The trust is arguably the most important...

In our recent related articles (1 & 2) we conducted an in-depth exploration of trusts, shedding light to their evolution and the strict rules that govern them, particularly in the context of Cyprus.

Despite the ongoing fluctuations in the global economic environment, Trusts continue to be extensively employed by many Administrative Service providers worldwide.