- INTRODUCTION
- WHAT IS A TRUST?
- TYPES OF TRUST
- I.T.L.
- TAXATION OF INTERNATIONAL
TRUST
- HOW A TRUST IS CREATED
- WHERE THE TRUST FUND IS
SITUATED
- WHAT THE TRUST FUND INCLUDES
- USES OF INTERNATIONAL TRUSTS
- SUITABILITY OF CYPRUS
- PROFESSIONAL EXPERTS
REACTIONS
- Short title
- Interpretation
- Validity of
an international trust
- Presumption
against avoidance of an international trust
- Duration of
an international trust
- Validity of
direction for the accumulation of income
- Charitable
trusts and purpose trusts
- Authorised
investments
- Power to
change the applicable law of an international trust
- Variation of
an international trust by the Court
- Confidentiality
relating to international trusts
- Taxation of
international trusts
- Application
of this Law
- Saving
of existing laws
- Registration
not compulsory
K. PROFESSIONAL EXPERTS REACTIONS
The introduction of the
International Tax Law was favourably welcomed by international tax planners and expects,
and already may international professional trustee companies have set up offices and
trusts in Cyprus. Many others have set up
trusts through local lawyers. All trusts
formed so far in Cyprus have met the expectations of the Settlors and Trustees and operate
without any problems. On the other hand may,
articles in international magazines and new-papers have been written, all expressing their
support and enthusiasm about the introduction of the new legislation and supporting Cyprus
in its endeavour to become a centre for international trust jurisdiction.
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