using a trust in business
In certain cases, business reasons that rest with each one of us require a certain anonymity of the persons or legal entities that wish to establish or participate in the share capital of a company.
The main legal framework governing trusts in Cyprus is a combination of English Law and the Trustees Law of Cyprus (Cap 193), which, is modelled on the English Trustee Act of 1925 and the International Trusts Law of Cyprus (L. 69(I)/1992 amended by L. 20(I)/2012).
The Cyprus International Trust (CIT) may also be employed in commercial and business transactions and in particular:
When the distortion caused by the publicity and inflexible structures impede economic activity, the answer is given by one of the oldest Anglo-Saxon institutions: