In today’s interconnected world, securing your legacy and planning for the future isn’t confined by borders. At Novo Solution, we offer comprehensive Trusts & Foundations solutions that empower individuals and families across the globe to safeguard their assets, navigate intricate legal landscapes, and leave a lasting impact on the world.
Whether your goals are wealth preservation, tax mitigation, seamless succession, or giving back to your community, our experts guide you through the nuanced world of trusts and foundations. We define and delve into the distinct roles of:
- Asset Protection Trusts: Shielding your hard-earned wealth from unforeseen circumstances and creditors.
- Charitable Trusts: Fueling your philanthropic vision, ensuring your charitable contributions leave a lasting legacy.
- Family Trusts: Fostering harmony and security for future generations, facilitating smooth wealth transfer and safeguarding family assets.
- Special Purpose Trusts: Tailored solutions for unique needs, be it educational funds, disability support, or environmental conservation.
At Novo Solution, we believe in the transformative power of Trusts & Foundations. Partner with us and:
- Gain unparalleled expertise: Leverage our international reach and in-depth legal knowledge to navigate complex trust structures and cross-border challenges.
- Enjoy personalized guidance: Benefit from our dedicated team of advisors who prioritize your unique needs and goals.
- Experience seamless execution: Rely on our efficient processes and meticulous attention to detail for a stress-free experience.
- Empower your legacy: Create a lasting impact on your family, your community, and the world beyond.
Together, let’s embark on a journey toward a brighter future built on the solid foundation of your carefully crafted legacy.
With a robust presence in 9 countries, we easily navigate the intricacies of diverse legal systems and regulations. Whether you call Cyprus, Singapore, or Dubai your home, our global expertise ensures seamless international asset management and compliance.
No two legacies are the same. We understand that. That’s why we take the time to understand your unique goals, risk tolerance, and family dynamics. Our service packages cater to a spectrum of wealth levels and trust types, ensuring a custom-fit solution that empowers your specific vision.
Compare Jurisdictions
Country | Cyprus | Dubai |
---|---|---|
Feature | Details | Details |
Types of Trusts and Foundations Available | Discretionary, Charitable, Fixed, and Cyprus International Trusts. | Discretionary Trusts, Charitable Trusts, Family Trusts, Private Foundations, Corporate Foundations. |
Legal Framework and Governance | Governed by English Common Law, International Trusts Law of Cyprus. | Mix of Common Law (in free zones like DIFC and ADGM) and UAE Federal Law; independent legal systems in free zones. |
Formation Process | Involves selecting trust type, appointing trustees, drafting trust deed, and legal compliance. | Structured process involving consultation, selection of jurisdiction, documentation, and compliance, followed by registration. |
Taxation Rules | Tax exemptions on international income, favorable rates for trusts. | Generally, no income tax on trusts and foundations; favorable tax regime for wealth growth and preservation. |
Asset Protection Features | Strong against foreign judgments and inheritance laws. | Strong asset protection mechanisms to shield against creditors and legal claims. |
Privacy and Confidentiality Levels | High level of confidentiality under Cyprus law | High levels of privacy and confidentiality, especially in free zones like DIFC and ADGM. |
Regulatory Compliance Requirements | Notification to competent authorities, adherence to Cyprus law. | Stringent compliance with local and international regulations, including AML and KYC. |
Succession and Estate Planning Benefits | Efficient estate planning, exempt from foreign inheritance laws. | Effective tools for succession planning, ensuring smooth transfer of wealth and assets. |
Charitable and Philanthropic Opportunities | Charitable trusts for philanthropic activities. | Opportunities for setting up trusts and foundations for charitable causes and philanthropic activities. |
Duration and Perpetuity Rules | No restrictions on the duration of trusts post-2012 reform. | Trusts and foundations can have perpetual existence, particularly in free zones. |
Management and Control Structures | Managed by trustees, extensive investment powers. | Professional and flexible management structures, with the possibility of founder involvement. |
Foreign Beneficiaries and Settlors Rules | Non-residents preferred for International Trusts. | Accommodative rules for foreign beneficiaries and settlors, making it attractive for international clients. |
Revocability and Flexibility | Trusts can be revoked or amended by the settlor. | Options for revocable trusts and flexible structures to adapt to changing needs. |
Local Expertise and Support Services | Availability of qualified professionals in law and finance. | Access to experienced professionals and support services, especially in free zones. |
Cross-Border Considerations | Ideal for international tax planning and asset protection. | Expertise in managing international wealth structures and accommodating cross-border wealth management needs. |
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NIP 1133117865
Ul. Konstruktorska 12
02-673 Warszawa, Poland