Cyprus introduces register of trusts

A new Cyprus law passed this year, has introduced a register of trusts. Cyprus provides a solid law for setting up international trusts. The Security and Exchange commission, The Cyprus Barrister Association and the the Institute of Certified Public Accountants are the three competent authorities to register such trusts. For this reason, relevant regulations and fees have been issued for the registration of trusts in Cyprus. The Registers of Trusts are treated as confidential by the 3 authorities.