Cyprus: Trusts

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.

The UK Supreme Court has delivered a landmark ruling confirming that fiduciaries who secretly profit from their position hold those gains on constructive trust for beneficiaries from the moment of receipt. The decision establishes that third parties who dishonestly assist in dissipating such profits face full liability, even when beneficiaries suffered no direct financial loss and would never have generated those profits themselves.

Cyprus has introduced significant amendments to its trust beneficial ownership register framework through Policy Statement PS-02-2026, strengthening transparency requirements while maintaining legitimate privacy protections. These reforms clarify reporting obligations for trustees, enhance beneficial ownership identification standards, and align Cyprus with evolving European AML frameworks following landmark CJEU decisions on privacy rights.

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

Family Office Comparative Guide for the jurisdiction of Cyprus, check out our comparative guides section to compare across multiple countries

We are often approached by clients, whether high-net-worth individuals, family offices, or international entrepreneurs, who are considering relocating...

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

Within the regulatory framework of Cyprus, there exists a concerted collaboration between financial institutions and regulatory authorities to uphold the standards of Trust Identification.

Cyprus International Trusts are governed by the International Trusts Law of 1992 which regulates establishment and administration of Trusts.