Asset Protection and the Cyprus Trust

June 24, 2015

Have you ever heard of the Cyprus Trust? Using an international trust could be an option for you if you’re hoping for effective asset protection, but you should always walk through the specifics with your estate planning attorney. shutterstock_14579227

In order to set up a Cyprus international trust, it’s not required that either beneficiary be tied to Cyprus. No immovable property has to be located there, either. In 2000, laws were adjusted such that investments in Cyprus were allowed. The control of the trust simply requires that the creator form a company wherein that same individual serves as sole director and shareholder. The company, then, serves as the sole trustee. Assets are protected in some ways from creditors, who would need to file suit in the courts of Cyprus to bear the burden of proof that assets were transferred with the purpose of defrauding someone. The process there also has a statute of limitations that expires within two years.

To determine if this kind of trust or another planning option makes sense for you, please contact your asset protection planning attorney for more information. Contact us at info@lawesq.net for more information.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Why Working with a Financial Advisor Still Matters in the Age of AI

Artificial intelligence is transforming investing—but human judgment, fiduciary responsibility, and personalized planning remain central to long-term financial strategy. Artificial intelligence is reshaping nearly every industry—including ...

<p>The post Why Working with a Financial Advisor Still Matters in the Age of AI first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

What Is an ID.me Account—and Why Business Owners and Families Should Consider Having One

Learn what an ID.me account is, how it works, why it can simplify access to government services, and how to set one up securely. An ...

<p>The post What Is an ID.me Account—and Why Business Owners and Families Should Consider Having One first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Protecting Your Loved Ones: Valentine’s Day Lessons in Financial, Estate, and Tax Planning

This Valentine’s Day, go beyond flowers and gifts. Learn how financial planning, estate planning, and tax strategies help protect the people you love most. Valentine’s ...

<p>The post Protecting Your Loved Ones: Valentine’s Day Lessons in Financial, Estate, and Tax Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>