Cyprus: Wealth & Asset Management

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.

Cyprus holding companies provide a highly tax-efficient structure for international investments structures. The jurisdiction combines an extensive participation exemption regime with zero withholding taxes on profit repatriation fully aligned with EU, OECD and BEPS regulations.

The first-time Double Tax Treaty (DTT) between the Republic of Cyprus and The Kingdom of The Netherlands, signed on 1 June 2021, came into force on 30 June 2023 and its provisions are applicable as from 1 January 2024 onwards.

Imagine a legal structure that protects your assets from unexpected life challenges – from family disputes to economic crises – while ensuring smooth succession across generations.

Family businesses are unique because they are built on shared values, long-standing traditions and a defined goal. However, one of the most challenging tasks for these businesses is to find the right balance between preserving wealth and accumulating it.

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

On October 30, 2024, UK Chancellor Rachel Reeves introduced a budget that brings substantial changes to the taxation of high-net-worth individuals (HNWIs).

Whether due to a breach of duties, loss of capacity, or a need for new expertise, trustees may be removed or replaced under conditions outlined in the trust deed or relevant legislation.

In an increasingly interconnected world, individuals and businesses are continuously seeking ways to protect, manage, and grow their assets across borders. One of the most effective and time-tested mechanisms.