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What must I do it order to establish a Trust in Cyprus? How much does it cost to establish and maintain a Trust?

It is not possible to give a simple answer to the above questions which would cover all cases. In all cases where a Trust is to be established, we insist on meeting the person or people establishing the Trust; during the course of a personal interview we have to be convinced of the intentions of the client, and, at the same time, have to be able to prove to the beneficiaries that our company is capable of meeting their requirements.

We would like to emphasise that we deal exclusively with the establishment of the Trust of Shares type of Trust introduced above, that is, where the assets of the Trust consist entirely of the shares of an offshore company, which, in turn, is only used to hold financial resources. In our opinion, it is not possible to give thorough information in this short brochure, which is designed rather to provide some food for thought. Therefore, if you have any questions on this subject, please feel free to contact any one of LAVECO's offices, where our colleagues will be at your disposal.

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