Setting Up a Family Office in Cyprus: Structures, Costs and When It Makes Sense

What is a family office and what does it actually do?

A family office is a private organisation set up to manage the wealth, affairs and legacy of one wealthy family (or several), pulling investment management, tax planning, legal structuring, succession and day-to-day administration into a single coordinated function. Rather than buying each service separately from banks, lawyers and accountants, the family owns one central strategy and hires or supervises everyone else through the office.

Core functions: investment, tax, legal, succession and lifestyle administration

A family office typically delivers five clusters of service under one roof: it sets and monitors the family's investment policy, manages tax residence and reporting across jurisdictions, oversees legal structuring and asset protection, plans succession across generations, and handles lifestyle administration such as property, philanthropy and family governance.

The single defining feature is consolidation: one team, one reporting line and one strategy across everything the family owns.

Family office vs private bank vs multi-family office vs wealth manager

A family office differs from a private bank or a standalone wealth manager because it works only for the family and sits above the product providers rather than selling products to the family. A private bank earns from the products it distributes; a wealth manager typically manages a mandate within its own house view; a family office hires, fires and supervises all of them on the family's behalf.

What a Cyprus family office is not (it is a structure, not a single licence)

A Cyprus family office is not a single regulated entity or a licence you apply for. There is no "family office licence" in Cyprus law. Instead, a Cyprus family office is an assembly of ordinary legal building blocks (a private limited company, a trust, sometimes a foundation or a fund) arranged around the family. This matters because the right question is never "how do I get a family office licence", but "which combination of Cyprus vehicles fits my family and its assets".

Single-family office vs multi-family office: which model fits?

The choice between a single-family office (SFO) and a multi-family office (MFO) turns on scale and control: an SFO gives one family a dedicated team and total control at a high fixed cost, while an MFO shares infrastructure across several families to cut the cost per family. Broadly, larger and more complex fortunes justify an SFO, and families who want family-office service without the overhead join an MFO.

The single-family office (SFO): full control, dedicated team, one family

A single-family office serves one family exclusively, with its own staff, premises and governance answering only to that family. The SFO gives maximum control, confidentiality and customisation: the family sets the investment policy, hires the team and owns the entire structure. The trade-off is a high fixed annual cost that only makes sense once the asset base is large enough to absorb it.

The multi-family office (MFO): shared infrastructure and lower fixed cost

A multi-family office serves several unrelated families that share the same professional team, systems and infrastructure, spreading fixed costs across the client base. An MFO lowers the entry point substantially because the family pays a fee for shared service rather than funding a whole team alone. Families using an MFO usually do not incorporate the office entity themselves, although they typically still hold their assets through their own Cyprus holding company or trusts in Cyprus.

Embedded vs standalone family offices

Family offices also split by where they sit. An embedded family office runs inside an existing operating business (for example, the finance team of the family company also manages the family's private wealth), while a standalone family office is a separate legal entity dedicated to the family's private affairs. Embedded offices are cheaper to start but blur business and private assets; standalone offices give cleaner governance, ring-fencing and succession, usually preferable once wealth is significant.

When does a family office make financial sense? The asset thresholds

A dedicated single-family office generally becomes cost-effective from around EUR 10 million to EUR 20 million in investable assets, because the fixed annual running costs of a real team only justify themselves above that level. There is no statutory minimum in Cyprus law; the threshold is a commercial rule of thumb about cost per euro managed, quoted across advisers as an indicative band rather than a fixed legal test, so treat it as guidance and not a hard cut-off.

The practical entry point: roughly EUR 10-20 million in investable assets

The practical entry point for a single-family office is commonly cited at around EUR 10 million at the lower end and EUR 20 million at the upper end of adviser estimates. Below that band, the annual cost of a dedicated team consumes too large a share of returns to be rational, so families join a multi-family office or use a simpler trust-and-holding-company structure instead.

Why cost-per-euro-managed drives the SFO vs MFO decision

The economics come down to cost per euro managed: an SFO carries a largely fixed annual cost, so the more assets it oversees, the smaller that cost becomes as a percentage. If running the office costs, say, EUR 300,000 a year, that is 3% on EUR 10 million but only 0.6% on EUR 50 million. Below the threshold, an MFO's shared-cost model almost always wins on price; above it, the SFO's control and customisation justify the fixed overhead.

How complexity, jurisdictions and generations move the threshold

The threshold moves with complexity, not just headline wealth. A family spread across several countries, with operating businesses, real estate portfolios, multiple heirs and philanthropic vehicles, may justify a single-family office at a lower asset level because the coordination need is acute. A single-generation family with liquid, simple holdings may sensibly stay with a multi-family office well above EUR 20 million. Number of jurisdictions, number of generations and asset diversity all push the sensible entry point down.

Why Cyprus for a family office?

Cyprus is attractive for a family office because it combines EU membership, an English-based common-law legal system, a competitive 2026 tax regime with no inheritance or wealth tax, a wide double-tax-treaty network and lower operating costs than rival hubs. The result is an onshore, reputable EU base that still delivers meaningful tax efficiency for internationally mobile families.

EU membership with an English-based common-law system

Cyprus offers something rare: full European Union membership combined with a common-law legal system inherited from English law and widely used English-language documentation. For a family office, EU membership means access to the single market, EU fund and passporting regimes and EU regulatory credibility, while the common-law foundation makes trusts, shareholder arrangements and corporate structures familiar to international advisers and enforceable in a predictable court system.

The 2026 tax landscape: 15% corporate rate, non-dom, no inheritance or wealth tax

Cyprus's 2026 tax landscape pairs a 15% corporate income tax rate with a powerful non-domicile regime and the complete absence of inheritance, estate, wealth and gift tax. From 1 January 2026, corporate income tax rose from 12.5% to 15%, aligning Cyprus with the OECD global minimum tax under the reform enacted on 22 December 2025. You can read the detail in our guide to the 2026 Cyprus tax reform.

Strategic location and double-tax-treaty network

Cyprus sits at the crossroads of Europe, the Middle East and Africa, in a convenient time zone with an extensive network of double-tax treaties that reduce withholding taxes on cross-border dividends, interest and royalties. For a family with assets and businesses spread across multiple countries, the treaty network lets income flow into the Cyprus structure with reduced foreign withholding, which is central to the after-tax case for basing the family office there.

Substance, talent and cost versus rival hubs

Cyprus offers a deep pool of English-speaking lawyers, accountants and administrators at costs well below Switzerland, Luxembourg or the UAE, which matters because a family office needs real local economic substance requirements to secure tax residence. The island's professional-services sector was built around exactly this kind of international structuring work, so the talent to staff and administer a family office is readily available and comparatively affordable.

What structures can a Cyprus family office use?

A Cyprus family office is assembled from a small set of building blocks: a private limited company as the operating hub, one or more holding companies, a Cyprus International Trust, optionally a private trust company as trustee, a foundation for philanthropy, and Alternative Investment Funds or RAIFs for pooled capital. Most family offices combine several of these into one architecture.

The management company (private limited company) as the operating hub

The management company is an ordinary Cyprus private limited company that acts as the operating hub of the family office, employing staff, holding the office lease and running the day-to-day administration. The management company is where the family office's people and contracts sit; it invoices the family structures for services, gives the office genuine substance and is the entity that hires investment, legal and accounting professionals. Setting one up follows the standard route to open a company in Cyprus.

Cyprus holding companies and the participation exemption

A Cyprus holding company sits between the family and its underlying investments and operating businesses, consolidating ownership and benefiting from Cyprus's participation exemption on qualifying dividends and share disposals. The Cyprus holding company is the workhorse of most structures: these reliefs survived the 2026 reform unchanged. Dividends received are exempt from corporate income tax, and foreign dividends escape Cyprus tax except in the narrow case where the paying company is engaged more than 50% in activities producing investment income and bears foreign tax substantially lower than the Cyprus rate (below about 6.25%). Gains on the disposal of shares and other qualifying securities remain wholly exempt regardless of holding size or period, the only exception being shares that derive their value from Cyprus-situated immovable property.

Cyprus International Trusts (CITs) for succession and asset protection

A Cyprus International Trust (CIT) is a trust governed by Cyprus law that separates legal ownership (held by the trustee) from beneficial enjoyment (the family), providing succession planning and strong asset protection. Cyprus International Trusts are governed by the International Trusts Law 69(I)/1992, materially amended by Law 20(I)/2012, and section 3 protects trust assets from foreign forced-heirship and clawback claims. Our detailed guide to Cyprus International Trusts for asset protection explains how the ring-fencing works in practice.

The private trust company (PTC): keeping trusteeship in the family

A private trust company (PTC) is a Cyprus company established specifically to act as trustee of the family's trusts, instead of appointing a professional third-party trustee. The PTC lets the family retain control and confidentiality over trustee decisions and consolidate several trusts under one bespoke trustee, while the trusts themselves still ring-fence the assets. Board seats on the PTC can be held by family members and trusted advisers, so decisions stay inside the family rather than being outsourced to an institutional trustee.

Foundations under the Associations and Foundations Law

A Cyprus foundation is a self-owning legal entity with no shareholders, established for defined purposes, which suits civil-law families and philanthropy where a trust concept is less familiar. Cyprus foundations are governed by the Associations and Foundations Law 104(I)/2017. A foundation holds assets in its own name for the benefit of named beneficiaries or a charitable purpose, giving families from civil-law backgrounds a structure that behaves more like the institutions they already understand.

Alternative Investment Funds (AIF) and RAIFs for pooled family capital

Alternative Investment Funds (AIF) and Registered Alternative Investment Funds (RAIF) let a family pool capital into a regulated investment vehicle, useful where multiple family branches or co-investors invest together. A Cyprus RAIF does not require CySEC authorisation (notification and registration only) but must be managed by a licensed Alternative Investment Fund Manager (AIFM) and must reach minimum assets under management of EUR 500,000 within 12 months, extendable to 24. The RAIF is popular because it launches faster than a fully authorised fund while remaining inside the EU regulatory perimeter.

The distinctive angle: matching structure to family profile

The right Cyprus family office structure is the one that matches the family's profile, not a one-size template: control-focused families lean to a PTC over a trust, civil-law and philanthropic families to a foundation, simple single-generation wealth to a holding company alone, and each of these becomes the natural entry point to a bundled mandate. The framework below turns the building blocks into concrete decision branches.

PTC-over-trust for families that want control plus protection

Families who want asset protection but are reluctant to hand control to an outside trustee should consider a private trust company acting as trustee of a Cyprus International Trust. This PTC-over-trust branch keeps trustee decision-making inside a family-controlled board while the underlying trust still delivers the forced-heirship protection of section 3 of the International Trusts Law 69(I)/1992. It is the classic answer to the objection "I do not want to lose control of my assets to a trustee".

Foundation route for civil-law families and philanthropy

Families from civil-law jurisdictions, or those whose priority is structured philanthropy, are often better served by a foundation under the Associations and Foundations Law 104(I)/2017 than by a trust. The foundation route gives these families a self-owning entity that resembles the institutions they know, is well suited to holding a philanthropic endowment, and avoids the trust-law unfamiliarity that can complicate governance in civil-law families.

Holdco-only route for simpler, single-generation wealth

Families with simpler, single-generation wealth and no immediate succession complexity often need nothing more than a Cyprus holding company plus a management company. The holdco-only route consolidates ownership, captures the participation exemption and gives clean Cyprus non-domiciled tax residency benefits on distributions, without the cost and formality of a trust or foundation. Trust or foundation layers can be added later as the family and its succession needs grow.

How these become the entry point to a bundled mandate

Each of these structures is the entry point to a bundled, ongoing mandate rather than a one-off filing. Once the architecture is in place, the same firm typically provides directorship, trustee or PTC administration, accounting, tax filing, substance and compliance under a single engagement, so the family deals with one coordinated adviser instead of assembling a patchwork. That consolidation is the whole point of a family office, and it is what turns a structure into a long-term relationship.

What does a typical Cyprus family office structure look like in practice?

A typical Cyprus family office structure layers a private trust company as trustee, a Cyprus International Trust holding the assets, one or more holding companies beneath the trust, and a management company running operations, with investment funds sitting under the holding layer where needed. The layers separate control, ownership, protection and operations so each does one job cleanly.

A worked example: PTC trustee, CIT, holding company and management company

Consider a family with EUR 30 million across businesses, listed securities and property. A private trust company (its board drawn from family members and advisers) acts as trustee of a Cyprus International Trust. The trust owns a Cyprus holding company, which in turn owns the operating businesses and investment subsidiaries. A separate management company employs the family office team and administers the whole group under service agreements.

Where the investment vehicles (RAIF/AIF) sit

The investment funds sit beneath the holding layer, held by the holding company or directly by the trust, so that pooled capital is contained in a regulated wrapper without disturbing the ownership and control layers above it. Placing a RAIF or AIF here lets several family branches co-invest through a single vehicle, keeps investment activity ring-fenced, and preserves the notification-only speed advantage of the RAIF while the licensed AIFM handles regulated management.

Consolidating reporting and governance across the group

The management company consolidates reporting and governance across every layer, producing a single view of the family's total wealth and enforcing consistent decision-making. Consolidation is what makes the structure a family office rather than a pile of separate entities: one investment policy statement, one reporting calendar, one compliance function and one board rhythm spanning the trust, the holding companies and the funds.

Do you need a CySEC licence to run a family office in Cyprus?

You generally do not need a Cyprus Securities and Exchange Commission (CySEC) licence to manage only your own family's private wealth, because managing a single family's own capital typically falls outside the regulated investment-services and fund-management regimes. Licensing is normally triggered only when the office provides regulated services to third parties. This position rests on the AIFMD family-vehicle carve-out: Recital 7 of Directive 2011/61/EU states that vehicles investing the private wealth of investors without raising external capital are not alternative investment funds, so a genuine single-family office deploying only the family's own capital sits outside AIFM authorisation. The exclusion is lost the moment outside investors are admitted, and because the boundary turns on the specific facts, the analysis should be confirmed with a Cyprus-qualified adviser.

Managing only your own family's wealth vs advising third parties

The dividing line is whether the office serves only the family or also outsiders. A single-family office investing purely the family's own capital, for its own account, generally sits outside the licensing perimeter. The moment the office advises, manages money for, or pools capital from people outside the family, it can cross into regulated investment services or collective portfolio management, which brings CySEC into the picture.

Where AIFM and investment-services licensing is triggered

AIFM authorisation and investment-services licensing are triggered when the office manages a collective investment undertaking or provides investment services to third parties. The Alternative Investment Fund Managers Directive (AIFMD, Directive 2011/61/EU) regulates the management of alternative investment funds; a purely private family vehicle with no external investors typically benefits from the family-vehicle exclusion, whereas admitting outside investors or running third-party mandates generally requires a licensed AIFM.

The RAIF route: notification, not authorisation, plus a licensed AIFM

Where a family does want a fund wrapper, the RAIF route offers speed: a Registered Alternative Investment Fund needs only notification and registration rather than full CySEC authorisation, provided it appoints a licensed AIFM. The RAIF must reach EUR 500,000 in assets under management within 12 months (extendable to 24). This gives families a regulated, EU-compatible fund that launches faster than an authorised AIF while the external AIFM carries the regulated-manager obligations.

How is a Cyprus family office taxed in 2026?

A Cyprus family office is taxed at 15% corporate income tax from 2026, with non-domiciled family members paying 0% Special Defence Contribution on dividends and interest for 17 years, no inheritance, estate, wealth or gift tax, and a general exemption for gains on securities. The combination is what makes Cyprus efficient for consolidating and passing on family wealth.

Corporate income tax at 15% and available exemptions

Cyprus corporate income tax is 15% from 1 January 2026, up from 12.5%, following the reform enacted on 22 December 2025 to align with the OECD global minimum tax. Against that headline rate sit generous exemptions: the participation exemption on qualifying dividends and share disposals, and the general exemption for profits on the sale of securities. The 2026 reform also cut the withholding tax on dividends paid to associated companies in low-tax jurisdictions from 17% to 5% and extended tax-loss carry-forward from five to ten years.

Non-dom status: 0% SDC on dividends and interest for 17 years

Non-domiciled Cyprus tax residents pay 0% Special Defence Contribution (SDC) on dividends and interest for up to 17 years, which is the centrepiece of the personal-tax case for relocating family principals. A family member who becomes Cyprus tax resident but is non-domiciled receives dividends and interest, including distributions from the family holding company, free of SDC for 17 years. Note that a 2.65% General Healthcare System (GHS/GESY) contribution still applies, capped at EUR 4,770 per year on income up to EUR 180,000. The 2026 reform did not narrow this advantage for property income: it abolished Special Defence Contribution on rental income for all Cyprus tax residents, and non-domiciled residents remain outside SDC on dividends, interest and rental income throughout their non-dom period, so rental income held within family-office structures keeps the benefit rather than losing it.

The EUR 250,000 post-17-year extension

The 2026 reform introduced an extension so non-dom benefits need not end abruptly after 17 years. Under Article 3D of the SDC Law, a non-dom may extend the 0% SDC status for up to two further five-year periods at EUR 250,000 each, a maximum of EUR 500,000 for ten additional years. For a family whose principals expect to remain in Cyprus long-term, this buys certainty well beyond the original 17-year horizon.

No inheritance, estate, wealth or gift tax

Cyprus levies no inheritance, estate, wealth or gift tax, which is decisive for succession-focused families. Wealth can pass between generations, and assets can be settled into trusts or foundations, without an estate-tax charge on transfer. This absence is one of the strongest reasons families choosing between EU jurisdictions land on Cyprus for the succession layer of a family office.

Capital gains, IP Box and the notional interest deduction

Gains on the sale of securities are generally exempt from Cyprus capital gains tax, which applies only to gains on Cyprus-situated immovable property and shares deriving value from it. Two further reliefs matter for family offices with operating or financing activity: the IP Box regime, whose 80% deduction on qualifying profits leaves only 20% of that income taxable and so produces an effective rate of about 3% at the 2026 corporate rate of 15% (up slightly from roughly 2.5% under the former 12.5% rate), and the notional interest deduction on new equity, which lowers the effective rate on equity-financed activity.

What substance and governance does a Cyprus family office need?

A Cyprus family office needs genuine local substance to secure Cyprus tax residence and treaty benefits: Cyprus-resident directors exercising real management and control, a physical office, qualified staff and proper board governance, plus full AML, UBO and reporting compliance. Brass-plate arrangements risk losing tax residence and breaching economic-substance and controlled-foreign-company rules.

Local directors, real office and qualified staff

Real substance starts with people and premises in Cyprus: a majority of Cyprus-resident directors who genuinely make decisions, a physical office, and qualified staff carrying out the work. Cyprus tax residence for a company depends on management and control being exercised in Cyprus, which means board meetings held in Cyprus, decisions taken there, and enough local personnel that the activity is real rather than nominal.

Economic substance and CFC considerations

Economic substance and controlled foreign company (CFC) rules mean the structure must have real activity in Cyprus and cannot be used simply to park profits in low-tax subsidiaries. The controlled foreign company (CFC) rules can attribute a low-taxed foreign subsidiary's income back to the Cyprus parent where the subsidiary lacks substance, so each layer of the family office needs its own commercial rationale and, where relevant, its own substance.

AML, UBO register and reporting obligations

A Cyprus family office must meet anti-money-laundering (AML) obligations, register its beneficial owners and comply with ongoing reporting. Beneficial ownership must be disclosed under UBO register compliance, trustees and PTCs carry their own AML duties, and the structure sits within the EU's automatic-exchange-of-information framework. Compliance is not optional overhead; it is what keeps a reputable EU structure reputable.

An investment policy statement and family charter

Good governance is documented in two core instruments: an investment policy statement that sets risk, allocation and mandate rules, and a family charter that records how the family makes decisions across generations. The investment policy statement disciplines the investment function and gives managers a clear brief; the family charter handles the human side, setting out roles, succession, dispute resolution and the values the family wants the office to uphold.

What does it cost and how long does setup take?

A Cyprus family office involves one-off setup costs (incorporation, trust settlement and structuring fees) plus recurring annual costs (administration, audit, staffing and compliance), and typically takes 4 to 16 weeks to establish depending on complexity and licensing. All figures below are indicative market ranges drawn from published provider fee levels and should be reconciled with a current engagement quote, since the exact cost depends on the number of entities and the complexity of the structure.

One-off setup: incorporation, trust and structuring fees

One-off setup costs cover incorporating the companies, settling any trust or foundation and designing the structure. Indicative provider ranges put company incorporation at roughly EUR 2,000 to EUR 5,000 per entity and settling a Cyprus International Trust at roughly EUR 5,000 to EUR 15,000, on top of the legal fees for designing the overall architecture. A fund wrapper adds materially more where CySEC involvement or an AIFM is required.

Recurring costs: administration, audit, staffing and compliance

Recurring costs are the larger long-term number and cover administration, annual audit, staffing, directorship and compliance. Every Cyprus company requires an annual audit and filings, each trust or PTC needs ongoing administration, and a staffed single-family office carries salaries and office costs on top. These annual costs, not the setup fees, are what the EUR 10 million to EUR 20 million threshold is really testing.

Indicative total budgets by structure size

Total budgets scale with the number of entities and whether a fund is involved. A lean holdco-and-trust structure sits at the lower end of both setup and annual cost, while a full standalone single-family office with a PTC, multiple holding companies and a regulated fund sits at the upper end. Because the fixed annual cost is what dominates over time, matching structure complexity to genuine need is the single biggest cost lever.

Timeline: the 4-16 week setup range

Setting up a Cyprus family office typically takes 4 to 16 weeks, depending on the number of entities, whether a trust or fund is involved, bank onboarding times and any licensing. A simple holding-company-and-trust structure can be operational near the four-week end, while a multi-entity structure with a regulated fund and full bank onboarding runs toward sixteen weeks or beyond.

How does Cyprus compare to Malta, Luxembourg, Switzerland and the UAE?

Cyprus compares well against Malta, Luxembourg, Switzerland and the UAE by combining EU membership, a competitive 15% corporate rate, no inheritance or wealth tax, common-law trusts and notably lower operating costs, trading some of Luxembourg's fund depth and Switzerland's private-banking prestige for a lighter, cheaper and still-reputable EU base.

Tax and cost comparison

On tax and cost, Cyprus offers a low headline corporate rate, no inheritance or wealth tax and lower professional-services costs than Luxembourg or Switzerland, while remaining inside the EU (unlike the UAE).

Regulatory burden and flexibility

Cyprus offers a lighter regulatory burden and more flexibility than Luxembourg while retaining EU credibility. Luxembourg is the heavyweight for large regulated funds but carries higher cost and complexity; Cyprus's RAIF and AIF regimes give families an EU fund route with faster launch and lower cost, and its common-law trusts give structuring flexibility that civil-law jurisdictions cannot match as easily.

Reputation, banking and access to talent

On reputation and talent, Switzerland and Luxembourg lead on private-banking prestige and depth of specialist staff, while Cyprus competes on EU membership, English-language common-law professionals and cost. Banking onboarding is more demanding everywhere post-2020, but Cyprus's established international-services sector means the legal, accounting and administrative talent to run a family office is readily available and comparatively affordable.

How to set up a family office in Cyprus: a step-by-step roadmap

Setting up a Cyprus family office follows four stages: discovery of the family's assets and objectives, structure design and jurisdiction sign-off, incorporation with trust settlement and bank onboarding, and then ongoing administration under a bundled mandate. Each stage below sets out what happens and what the family needs to provide.

Discovery: assets, family map and objectives

The first stage is discovery: mapping the family's assets, members, jurisdictions and objectives so the structure can be designed around real facts. Advisers document what the family owns and where, who the members and intended beneficiaries are, which countries create tax exposure, and what the family wants to achieve on control, protection, succession and philanthropy. Everything downstream depends on getting this map right.

1. Catalogue assets by type and location (businesses, securities, property, cash).
2. Map family members, generations and intended beneficiaries.
3. Identify tax residences and treaty exposures across jurisdictions.
4. Agree objectives: control, protection, succession, philanthropy, liquidity.

Structure design and jurisdiction sign-off

Next, advisers design the structure and obtain jurisdiction sign-off, choosing the mix of management company, holding companies, trust, PTC, foundation and funds that fits the family profile. This is where the decision framework earlier in this guide is applied: the family's control preferences, legal-culture background and succession complexity select the right branch, and cross-border tax advice confirms the design works in every relevant jurisdiction before anything is incorporated.

Incorporation, trust settlement and bank onboarding

The build stage incorporates the companies, settles the trust or foundation and completes bank onboarding. Entities are registered with the Registrar of Companies, the Cyprus International Trust is settled under the International Trusts Law 69(I)/1992, beneficial owners are registered, and bank accounts are opened, which is often the slowest single step because of enhanced due diligence. Getting documentation right at this stage is what keeps the 4-to-16-week timeline on track.

Ongoing administration and the bundled mandate

Finally, the family office moves into ongoing administration under a bundled mandate covering directorship, trusteeship or PTC administration, accounting, tax filing, substance and compliance. This is the enduring relationship rather than a one-off setup: the same firm keeps the structure compliant, files its returns, maintains substance and consolidates reporting, so the family deals with one coordinated adviser across the whole architecture year after year.

How Philippou Law Firm can help

Philippou Law Firm designs and runs Cyprus family office structures end to end, from the first discovery conversation about your assets, family and objectives through to the ongoing bundled mandate that keeps everything compliant. Our lawyers, tax advisers and administrators select the right combination of management company, holding company, Cyprus International Trust, private trust company, foundation or fund for your family profile, handle incorporation, trust settlement, bank onboarding and UBO registration, and then provide directorship, trusteeship, accounting, tax filing and substance under one coordinated engagement. If you are weighing whether a single-family office or a multi-family arrangement fits your wealth, contact us for a confidential, practice-based assessment tailored to your circumstances.