Good morning everyone,
I think many will find this question interesting.
I saw a viral TikTok video about a company offering Cyprus trusts as a solution for Europeans. Here’s the idea:
1. Open a trust in Cyprus with a Cypriot lawyer as the trustee.
2. Sell your intellectual property to the trust.
3. All money your company makes goes into the trust.
Results:
- Personal income = 0
- Company income = 0
- Money is protected and gets tax benefits in Cyprus.
- You can live anywhere in Europe.
This seems too easy and beneficial. What problems might come up? What are the things to take in consideration?
I think many will find this question interesting.
I saw a viral TikTok video about a company offering Cyprus trusts as a solution for Europeans. Here’s the idea:
1. Open a trust in Cyprus with a Cypriot lawyer as the trustee.
2. Sell your intellectual property to the trust.
3. All money your company makes goes into the trust.
Results:
- Personal income = 0
- Company income = 0
- Money is protected and gets tax benefits in Cyprus.
- You can live anywhere in Europe.
This seems too easy and beneficial. What problems might come up? What are the things to take in consideration?