A Trust can be a valuable tool for protecting your property especially when the Trust is established in such a favourable jurisdiction as Cyprus. Being extremely flexible, Cyprus International Trust make Cyprus one the best jurisdictions someone may choose to establish a Trust. Consequently, the establishment of Cyprus International Trusts by non-residents is constantly growing.
On 30 June 2017, the Cyprus Commissioner of Taxation issued the Interpretive Circular No. 3 relating to the new rules governing the tax treatment of intra-group back-to-back financing arrangements.