The laws amending the Law Regulating Companies Providing Administrative Services and Related Matters of 2012 and the International Trusts Law of 1992 to 2012 in order to create a register of trusts established in Cyprus were published in the official gazette on 9 September and entered into force on that date. Trustees subject to the Fiduciaries Law will be required to provide the relevant information regarding existing trusts by 9 March 2014.

For a description of the new provisions please follow this link.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.