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

J. SUITABILITY OF CYPRUS

• legal system based on English Equitable principles of trust;
• the ITL;
• International trusts are not subject to any exchange control;
• Confidentiality;
• Flexibility;
• Respectability;

General advantages of Cyprus:

• geographical location;
• excellent telecommunications;
• high standards of professionals, lawyers, accountants etc.;
• possibility of setting up professional trustee companies;
• no taxation on any income or on any inheritage;
• no capital gains tax; and
• the use of a Cyprus offshore company as a trustee, all directors of which may be foreigners