1. INTRODUCTION
2. WHAT IS A TRUST?
3. TYPES OF TRUST
4. I.T.L.
5. TAXATION OF INTERNATIONAL TRUST
6. HOW A TRUST IS CREATED
7. WHERE THE TRUST FUND IS SITUATED
8. WHAT THE TRUST FUND INCLUDES
9. USES OF INTERNATIONAL TRUSTS
10. SUITABILITY OF CYPRUS
11. PROFESSIONAL EXPERTS REACTIONS

1. Short title
2. Interpretation
3. Validity of an international trust
4. Presumption against avoidance of an international trust
5. Duration of an international trust
6. Validity of direction for the accumulation of income
7. Charitable trusts and purpose trusts
8. Authorised investments
9. Power to change the applicable law of an international trust
10. Variation of an international trust by the Court
11. Confidentiality relating to international trusts
12. Taxation of international trusts
13. Application of this Law
14.   Saving of existing laws
15. Registration not compulsory

I. USES OF INTERNATIONAL TRUSTS

• as a tax planning device;
• to accumulate income and capital;
• as tax planning in case of future change of residence;
• to hold shares in Cyprus offshore companies;
• all other uses applying to trusts in general such as:
  • Protection of assets for the benefit of children until they reach a certain age;
  • Preservation of asset/property in the family;
  • Confidentially of transactions;
  • Protection of assets against creditors;
  • Charities;
  • Wills, specially for countries with forced heir-ship rules;
  • To provide pensions, maintenance, take care of employees;
  • for trade