The Benefits of a Cyprus International Trust

An overview: A Cyprus International Trust (CIT) provides for a high level of confidentiality and a very high degree of asset protection, in that the assets settled into a CIT are sheltered against potential claims, as they are segregated from the settlor’s funds. Assets are also shielded against subsequent bankruptcy or liquidation of the settlor, […]

Cyprus-Luxembourg setting grounds for stronger economic and commercial cooperation: Double Taxation Agreement

The Republic of Cyprus and the Grand Duchy of Luxembourg signed a double taxation avoidance agreement on 8 May 2017. This is the first such agreement between the two countries (Luxembourg was one of the few European countries which Cyprus had no such agreement with) and sets a good basis for economic and commercial cooperation[…..]