- Complete tax exemption on profits of trust provided the beneficiaries are not Tax resident in Cyprus in the year preceding the establishment of trust
- Complete tax exemption on profits of trust in the hands of the beneficiaries if they are not tax residents of Cyprus
- Profits of trust earned in Cyprus are taxed according to the existing tax law
- No capital gains tax
- Complete tax exemption on interest derived from deposits of a trust, in foreign currency, in any Cyprus bank.
Cyprus Companies, owned by the trust are taxed at 12.5% on their chargeable profits. Non- resident companies pay nil tax