RU    PL    GR    IT    FR    EN
Expertise, professionalism, and integrity
Savva & Associates will ensure all risks are identified and communicated
Cyprus, your gateway to Europe and beyond
Trust and Trustee services

Savva & Associates are leaders in the areas of trust formation and administration. Our trust and trustee services cover an extensive range of corporate and private trust services. We can establish diverse types of trusts according to your personal circumstances. We can assist in the formation of a Cyprus International Trust (CIT), act as trustees and administer the trust on an ongoing basis.

The essence of any trust is the separation of the legal and beneficial ownership of assets. Trusts are flexible arrangements which are used for a variety of private and corporate purposes and are thus, very effective for estate and tax planning purposes. Trusts also serve confidentiality, as neither public registration nor disclosure is required in Cyprus.

As a client, our organization will help you establish a CIT for estate or tax planning purposes.

While our firm’s head office is located in Nicosia, Cyprus, the principals and directors are Canadian citizens. We conduct our business at the highest level of international standards, the Canadian way.

We aim to provide our clients with a cost effective trust structure that provides them with the full benefits afforded to them.

Our trust formation and trustee services fees are amongst the most competitive in Cyprus. Our fees are as follows (stated before VAT of 17%, where applicable plus disbursements):

Formation:

1

Trust formation fee

€700

2

Bank introduction (optional)

€400

3

Government stamp duty (optional)

€450


Annual fees:

 

4

Trustees Annual Fees
Provision of trustees for year or part thereof from creation and upon each anniversary thereafter

€800

5

Administration
Management, bookkeeping and financial administration of the trust fund on behalf of the Trustees; generally liaising with the professional firm (intermediary); handling post and phone calls. Time basis (minimum fee)

€500

Transfer/Termination:

 

6

Transfer/Termination
Withdrawal/termination fee charged in relation to the time costs incurred in arranging withdrawal, transfer and or/or termination of the trust (minimum fee)

€800

Optional items:

 

7

Accounting (optional)
Preparation of unaudited financial accounts can be undertaken from bookkeeping records maintained (minimum fee)

€800

8

Provision of protector (optional)

€200

9

Bank introduction – each additional account

€150

Please contact us if you would like to know more about this opportunity.

Immigrating to Canada?

Being Canadian professionals, we have extensive experience in working with newcomers to Canada to establish, structure, and administer immigration trusts. We have forged strategic alliances with some of Canada’s leading immigration lawyers, and as such are well positioned to provide high level advice on this important tax planning opportunity.

Please contact us if you would like to know more about this opportunity.