AGENDA
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12:00 - 12:10
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Welcome Address by the Chairperson of the Summit
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12:30 - 12:40
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Cyprus as an International Trusts Jurisdiction
• High-level overview of Cyprus as a trust jurisdiction • How Cyprus compares to other trust jurisdictions • International recognition and credibility of Cyprus as a trust hub • Benefits of choosing Cyprus for trust formation • Future trends and opportunities in the Cyprus trust industry
Speaker
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12:40 - 12:50
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Asset Protection Strategies & Tax Framework
• Cypriot tax regime and how it benefits trust structures • Double taxation treaties and their relevance to trusts • Asset protection strategies using Cyprus trusts • Asset protection strategies using Cyprus trusts • Explanation of different trust structures available in Cyprus • Trustee responsibilities and roles
Speakers
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12:50 - 13:00
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Role of Trustees, Compliance and Reporting
• Role and importance of professional trustees in Cyprus • Regulatory requirements for trustees in Cyprus • Anti-money laundering (AML) and Know Your Customer (KYC) requirements for trusts • Reporting obligations for trust structures • Compliance best practices for trustees and beneficiaries
Speaker
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13:00 - 13:25
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Panel discussion between moderator and speakers
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13:25 - 13:35
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The advantages of Cyprus trusts: a foreign practitioner’s point of view
The Cyprus International Trust Law allows a number of arrangements that are in line with the requirements of sophisticated investors with cross-border family relationship and assets. Some examples are: (i) estate planning arrangements for families coming from jurisdictions with forced heirship provisions, (ii) asset protection exercises, and (iii) private trusts furthering charitable purposes. In addition domestic trust law allows to the set-up traditional trusts under provisions crafted after the corresponding 20th century English legislation. This is a perfect framework for a leading trust jurisdiction. This presentation will highlight the comparative advantages of Cyprus in relation to other international financial centres.
Speaker
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13:35 - 13:40
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Concluding Remarks by the Chairperson of the Summit
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