CYPRUS INTERNATIONAL TRUST

The Settlor and Beneficiaries must not be Cyprus Tax residents for the first year proceeding the creation of the CIT
The CIT may be challenged only if the CIT has been created to defraud creditors, there is a two years limitation period
Laws applicable in other jurisdictions or decisions by foreign authorities do not affect the validity of a CIT
The CIT may last indefinitely
There are no limitations on the income accumulated by the CIT
CIT can be a purpose or a charitable trust
The Trustees are not allowed to disclose any information about the trust, unless a court order is issued by the Cyprus Court.