Trust (law)
Taxation of Cyprus International Trust

The income and profits derived within and outside of Cyprus are liable to every possible taxation imposed in Cyprus if the beneficiary is a resident of Cyprus in accordance with the Income Tax Laws of Cyprus.

If the beneficiaries are not Cyprus residents then any income and profit derived from Cypriot sources will be subject to tax.

Relevant to consider is what income is subject to taxation in Cyprus and the none domicile regime applicable in Cyprus.
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