Our Firm has the requisite knowledge and expertise to advice and set up the ideal Trust to match your circumstances and needs and offer the necessary services in order to enjoy all the benefits that a Trust has to offer.
In the spectrum of our trust services, our clients include individuals wishing to set up trusts, beneficiaries and trustees.
We may be appointed as trustees through our own trust companies or through the creation of private trustee companies and carry out all the demands of the settlor according to the terms of the trusts. We provide our professional advice on trustee duties and powers, beneficiary rights and distributions, changes of beneficiaries, the tax position of trusts and the exercise of trust powers and indemnities and other trust related issues. An additional consultation can be offered in the form of a written advice upon the legal, tax and other cost implications of the various methods of transferring specific assets to a trust(s).
Our Firm’s legal consultants who specialize in Trust Law, will undertake with complete confidentiality the formation and administration of a Cyprus International Trust and our firm’s services include the following:
Professional Trustee and/ or Administration services
Advising on family asset protection and inheritance issues
We advise individuals and their families on how to protect their inheritance and/or assets from third parties, personal or family issues and preserve confidentiality for present and future generations.
Set up of a new Trust:
Client due diligence
Drafting and Registration of the new trust
Advice on the required procedure for the registration
Drafting agreements required for the proper administration of the trust
Making distributions to the beneficiaries and advice on tax basis matters
Drafting of the trust deed
Legal compliance review of trust deed
Formal amendments to Trust Deeds and change of Trustees
Drafting of Trustees’ minutes
Drafting of resolutions
Opening, administering and monitoring bank accounts
Drafting the agenda and minutes for the annual trustees meeting
Arranging for signature and implementation of decisions made at the meeting
Annual trustees meeting: Arrange, attend and chair the meeting at our offices
Provision of corporate Trustee
Liaising with fund managers for the operation of investment accounts