THE USE OF CYPRUS INTERNATIONAL TRUST IN TAX PLANNING 1 Introduction 1.1 The utilization of a Cyprus international trust in tax planning should not be underestimated. There has been a continual growth of use of the Cyprus International Trust almost to the same extent as the use of a Cyprus resident company in tax planning. This is due mainly to the interplay between international tax considerations and the application of double tax treaties. 1.2 The role of international unit trust in investments in various jurisdictions has also been gathering pace. Depending on the tax structure itself the Cyprus international trust can be an alternative option, or act in collaboration with a Cyprus resident company, replacing and or even competing with the Cyprus resident company itself.
THE USE OF CYPRUS INTERNATIONAL TRUST IN TAX PLANNING
1 Introduction
The utilization of a Cyprus international trust in tax planning should not be underestimated. There has been a continual growth of use of the Cyprus International Trust almost to the same extent as the use of a Cyprus resident company in tax planning. This is due mainly to the interplay between international tax considerations and the application of double tax treaties.
1.2
The role of international unit trust in investments in various jurisdictions has also been gathering pace. Depending on the tax structure itself the Cyprus international trust can be an alternative option, or act in collaboration with a Cyprus resident company, replacing and or even competing with the Cyprus resident company itself.