Contributed by O'Neal Webster
March 1 2004 marked the beginning of a new era in BVI trust law with the coming into force of the Virgin Islands Trust Act, 2003. The vision for this Act, commonly known as VISTA, came from the BVI trust industry and the need for BVI trust practitioners to meet the changing needs of their clients. The traditional trust structure was often seen as too rigid or as not the right fit for clients. Continue
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Contributed by Fiducenter (Cyprus) Ltd
On March 2012 the Cypriot parliament voted the reform of the International Trust Law of 1992, a reform that the professionals and investors were longing for since the general view has been for the past few years that the particular legislation was in need of an update and modernisation. Continue
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Contributed by Andreas Neocleous & Co LLC
The long-awaited reform of the Cyprus International Trusts Law, a much-needed initiative, has finally become reality with the passing by the House of Representatives of the International Trust (Amending) Law of 2011.
Contributed by Fiducenter
The use of the Trust in international business planning is becoming more and more popular, in many cases for purposes which would have been impossible to conceive back when the concept was originally formed. Cyprus is becoming an important player in the Trust arena since the Cyprus International Trust has countless advantages to offer not only confined to tax optimization. Continue
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Contributed by CS&P Fiduciaire
Cyprus has long been established and recognised internationally as a healthy offshore financial centre for shipping, banking and corporate business. The demand for practical international tax planning solutions by entrepreneurs continues to increase, and the choice of location for the operation of their businesses plays a key role in their decisions. Continue
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