Sovereign’s Private Client services have been developed to assist internationally mobile families and entrepreneurs to structure their assets in a way that will help to grow their wealth now and preserve it for future generations. Our founding vision was to create an independent trust company that balanced competitiveness with the maintenance of best professional practice to deliver secure, efficient wealth and succession planning.
Cyprus International Trusts (CITs) are extremely popular with high-net-worth individuals and professionals. Forced heirship or other laws applicable in foreign jurisdictions do not affect the validity of a CIT or the transfer of property to the trustee of a CIT. The settlor and beneficiaries must not be tax resident in Cyprus, but at least one of the trustees must be a permanent resident in Cyprus for the duration of the trust. Sovereign Trust (Cyprus) is authorised by Cyprus Securities and Exchange Commission (CySEC) as an Administrative Service Provider (ASP).
In line with the Cyprus government’s objective to increase foreign investment, it recently expanded the types of qualifying investments for non-EU nationals to obtain a Permanent Resident Permit (PRP) – also known as a ‘Golden Visa’ – from residential real estate to commercial real estate, Cyprus company shares and Cyprus funds. Applicants are required to invest €300,000 from funds received from sources outside Cyprus in one of these four options. Sovereign can assist with residency, immigration and citizenship applications in Cyprus.
We also provide the support to maximise opportunities and achieve long-term sustainability. This includes but is not limited to asset management, accountancy, foreign property ownership, retirement planning, insurance, yacht and aircraft registration and management, as well as specialist tax advice.
If you are interested in setting up a company or investment fund in Cyprus, please click here for our Corporate Services section.