Trusts

There two types of trusts in Cyprus, international and local trusts. Trusts facilitate the long-term management, preservation, and protection of wealth by ensuring the fixed distribution of assets. Trusts also ensure asset planning which are permanently separated from the settlor’s personally owned assets. Trusts may include all types of movable and immovable assets. Income and profit deriving from sources outside Cyprus, which are under an international trust, are exempt from taxation in Cyprus.

The Associates of the Sector possess the experience and expertise in providing through the firm the services of drafting and preparing trust deeds, advising the clients through the process, being appointed as the trustee and managing and administering trusts.

Regulated Investment Entities

Cyprus is becoming a popular investment hub in Europe due to its access to high growth markets and due to its constantly developing legislative and regulatory system by offering flexible structure for CIFs, AIFs and UCITs. Obtaining a license by CySEC to provide investment services ensures transparency, investor protection at relatively low operational costs, and allows such entities to provide investment services across the EU.

Our team provides services of incorporating investment companies and funds and assisting and guiding them in completing and submitting CySEC application forms and obtaining a license. Our team further provides legal and business advice, compliance and regulatory consultancy services, corporate administration services, accounting and audit services and tax advice. Associates of the firm are also able to participate in the management body such investment entities.

Fintech

Cyprus has established itself as a growing financial technology hub, Cyprus has long realized that it must continually change and challenge itself to remain relevant. Large investments in technology and innovation have placed Cyprus in the globally competitive category for investors. Experts in the field claim the island is a favourite destination for international technology companies and venture capitalists.

Investment in fintech is driven by a low corporate tax rate of 12.5% ​​and a growing network of double tax treaties. Cyprus also provides an 80% tax exemption on qualifying profits arising from the exploitation of intellectual property qualifying assets. As members of the EU, EEA citizens can also work freely in Cyprus without permission.

Our team provides a full range of legal, administrative and corporate services to Fintech companies, by the provision of legal advice, the drafting and preparation of agreements, and the provision of corporate, accounting and audit services.