INTERNATIONAL TAX PLANNING & TRUSTS

INTERNATIONAL TAX PLANNING & TRUSTS

The Cyprus tax system is in full compliance with EU and OECD regulation. It has certain favourable features which render the use of a Cyprus Holding Company very attractive, in particular using it as an intermediate holding company location in a number of circumstances e.g. for international or domestic groups investing outside Cyprus, aiming at tax exempt dividend income streams; to hold subsidiaries that have scope for significant capital appreciation and with the intention of being disposed in the future, as such disposals are not taxable in Cyprus; to benefit from the favourable withholding tax provisions of the Cyprus double tax treaties network; amongst other equally important and enticing reasons.

The goal of wealth preservation planning and its inherent legal risk management is to anticipate and deter future legal problems and to end current legal problems efficiently. Wealth preservation planning is commonly associated with offshore planning such as for example forming an asset protection trust.

The Cyprus international trust possesses, among other options offered under Cyprus law, a very popular tool in the international asset protection arena, combining considerable advantages such as tax benefits, confidentiality, flexible structures, low maintenance costs and a debtor friendly legal framework.

Our Services

Our tax team is ready to assist you on the following aspects:

  • Tax efficient structuring of groups of companies & repatriation of profits
  • Advise on cross-border tax efficient financing solutions
  • Obtain advance tax rulings from the Income Tax office
  • Advise on the application of double tax treaties

Our team of trust experts provide the following services:

  • Advice on different asset protection techniques and provide numerous practical solutions tailored to the individual circumstances and the type of assets we are dealing with
  • Assess and provide feedback on existing asset protection structures
  • Formation and management of trusts
  • Advice on trustees duties and powers as well as beneficiary rights

Cost Effectiveness

Our policy on fee quotes is to be realistic and reasonable in our assessment of the clients’ requirements. Towards this objective, we follow a transparent fee quote policy. It is extremely important to us to ensure that the client is satisfied with our services and quality of response at all times.

About us

George Z. Georgiou & Associates LLC is an award-winning, Cypriot law firm undertaking work in the fields of: Arbitration; Banking & Compliance; Commercial; Corporate & Tax; Employment & Pensions; Intellectual Property & Media; Litigation & International Commercial Litigation; Real Estate & Construction; and all other areas of Cypriot civil law.

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