Cyprus: Corporate/Commercial Law

Trust law is built on confidence. Trustees hold immense discretionary powers that can shape the lives of beneficiaries for generations.

Please note that if by 31 December 2025 the confirmation of details in the BOR is not completed as above, irrespective of any criminal liability or prosecution of any person, the company or other legal entity will be subject to a financial penalty of one hundred euros (€100) on the first day

A frequent and particularly sensitive issue in the context of family businesses concerns the succession process and the selection of a new leader. Scenarios in which founders—after decades of effort—are called upon to pass the reins to their descendants are especially common...