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Unlocking Trusts: A Deep Dive into Key Concepts, Types, and Practical Realities

Unlocking Trusts: A Deep Dive into Key Concepts, Types, and Practical Realities

  • 20% Discount Across All Autumn 2026 Programmes | Register by 4 September 2026

Dates

  • October 2026
      to   (2 sessions)
    Delivered Online
    €150 - €290
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Highlights

  • Live Online

  • 7 CPD Units | 7 Hours

  • HRDA Subsidised


The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more


Course Overview

This Course not only traverses the entire spectrum of trust fundamentals and terminology but also places a special focus on dissecting the duties, responsibilities, powers, and risks inherent in trust relationships. Drawing strength from the legal frameworks of Cyprus, participants will grasp the foundational principles of trust administration, exploring the nuances of the Cyprus legal stance on trusts.

The course equips participants to assess alternatives to trust structures, understand the tax landscape, anticipate potential legal and tax reforms, and gain practical insights into the current implementation of beneficial owners' registries.


Training Objectives

By the end of the programme, participants will:

  • Understand the Concept of Trusts

  • Analyse Risks, Duties, Powers, Liabilities, and Responsibilities of each of the parties

  • Apprehend the Key Components of Trust Administration

  • Analyse the Position of Cyprus Law and Discussing Reforms

  • Discuss Taxation Position and Beneficial Ownership Registers


Training Outline

Key Aspects of Trusts and Terminology

  • Introduction to the terminology of trusts.

  • Understanding legal and equitable estates and interests.

  • Exploring express, statutory, resulting, and constructive trusts.

  • Differentiating simple (bare) trusts and special trusts.

  • Analysis of fixed and discretionary trusts.

  • Overview of executed and executory trusts.

  • Examining "donative" and "commercial" trusts.

  • Identifying "illusory/sham" trusts.

Express Trusts

  • Introduction and in-depth analysis of express trusts.

  • Criteria for the validity of an express trust.

  • Interpretation of executory trusts.

  • Termination of trusts of property.

Trusts Imposed by Law

  • Understanding resulting trusts.

  • Analysis of constructive trusts.

Administration of the Trust

  • Acceptance of trusts by trustees.

  • Estate of the trustee and trustee's duties.

  • Powers and responsibilities of the trustee.

  • Powers of beneficiaries and protectors.

  • Procedures for death, retirement, and removal of trustees.

  • Appointment of trustees and the rights of trustees.

  • Role and functions of the public trustee.

Breach of Trust

  • Consequences of breach of trust.

  • Liability of trustees and protective measures.

  • Assessment of liability for third parties and beneficiaries.

Protectors

  • Supervisory role of the Protectors.

  • Overview of the powers of the Protectors.

  • Overview of the duties of the Protectors.

  • The appointment, resignation and removal of the Protectors.

Facing challenges of modern trusts

  • Classes of Beneficiaries. Conflicts among Beneficiaries

  • Settlor acting as Beneficiary. Concerns and Practical Examples

  • Settlor acting as Protector. Challenges, Obligations and Responsibilities

  • Settlor acting as trustee or co-trustee. Legality, challenges and issues

  • Trustee acting as beneficiary of the trust. Issues and solutions

  • Challenges arising from multiple roles in trusts and solutions.

  • Practical approach to solving issues of trusts with complex transactions/multiple assets

  • Common drafting errors and practical solutions

  • Pitfalls for practitioners and how to avoid them

Trusts in Cyprus

  • Overview of Cyprus case law and legal practices.

  • Proposals for legal reforms (if any).

  • Alternative arrangements to trusts.

  • Tax implications associated with trusts in Cyprus.

  • Exploration of ultimate beneficial ownership registers and their relationship with trusts.

Trusts and similar legal mechanisms in civil law countries

  • Introduction

  • Legal Mechanisms Similar to Trusts

  • Key Differences from Common Law Trusts

  • Tax implications associated with trusts in Cyprus.

  • Challenges, Considerations, Examples and future global trends


Who Should Attend

This course is suitable for both beginners seeking a comprehensive introduction to trusts and experienced professionals looking to deepen their understanding and stay updated on legal developments and best practices. Moreover, the course on Trusts is tailored for a diverse audience of legal professionals, financial experts, trust administrators, and anyone involved in the management, administration, or legal aspects of trusts. It is ideal for:

  • Legal Professionals

  • Financial Advisors

  • Trust Administrators

  • Accountants and Tax Professionals

  • Corporate Executives

  • Compliance Officers

  • Estate Planners

  • Financial Analysts

  • Government Officials

  • Trustees and Protectors of trusts


Training Style

The The programme is meticulously crafted to impart advanced knowledge and profound insights into the intricacies of Trusts. It aims to elevate participants' expertise through a dynamic course format featuring engaging PowerPoint presentations and real-world examples. The methodology seamlessly blends a focused approach, delivering content through presentations and real-life scenarios, with a learner-centric philosophy. Participants are actively encouraged to pose questions, seek clarifications, and contribute their unique perspectives. This creates an interactive forum for the exchange of ideas and personal professional experiences, fostering a dynamic learning environment.


CPD Recognition

This programme may be approved for up to 7 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.


In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.


Facilitators

  • Marina Kharchenko

    Marina Kharchenko

    Being a registered member of the Cyprus Bar Association, Marina holds a Bachelor degree in International Relations, as well as Bachelor degree in Law (LLB) and a Masters in Law (LLM). Fluently speaking 4 languages, Marina has held various senior corporate and legal roles both within Europe as well as the Middle East. Her past positions have allowed her to gain extensive experience in working with a wide variety of clients and build a substantial portfolio across different segments. Marina is the Founder of a law firm M. Kharchenko & Co LLC and a CEO of a licensed administrative service provider - Pravo Ltd. Marina has combined her extensive experience and global background in both managing and servicing the corporate and legal requirements of clients. The experience of having her own legal practice as well as being a speaker at international conferences and professional legal events, allows Marina to offer not only in-depth research to training programmes, but also to share her knowledge and practical approach in reviewing every subject matter.

Frequently Asked Questions

  • When will I receive my invoice?

    The invoice is issued on the day the course starts.

  • What payment methods are accepted?

    Payments can be made by bank transfer, cheque, or credit card.

  • When will my certificate be issued?

    Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.

  • How can I access my certificate?

    Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.

    Click the Get Your Certificate button in the email to download your certificate.

    You can also access it from your Cademy account:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Participants, click the three dots located next to your name. 
    6. Select Get Certificate.
  • Where can I access the course material?

    To access the course materials, such as presentations and recordings:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Extra Details, you will find all the available course materials.
  • What is the HRDA?

    The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.

  • Who is eligible for the HRDA subsidy?

    The HRDA subsidy is available to:

    • Companies registered in Cyprus that are applying for their employees.
    • Unemployed individuals who meet the eligibility requirements (see the FAQ below for required documents).
    • Self-employed individuals registered as self-employed in their ERMIS profile.

    To receive the subsidy, eligible persons must attend at least 75% of the course. 

  • What is ERMIS?

    ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/

  • What is the process for attending an HRDA-approved course?

    To attend an HRDA-approved course, you must:

    1. Register for the course through the EIMF website.
    2. Create the necessary ERMIS profile(s).
    3. Register for the course through ERMIS.
    4. Complete any additional HRDA requirements if you are applying for the subsidy as an unemployed or self-employed individual.
    5. Log onto ERMIS and check in through the relevant attendance register when you join the course session and check out when you leave each course session.

    See the FAQs below for detailed instructions.

  • Is an ERMIS profile required?

    Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.

    • Companies applying for the HRDA subsidy for their employees:
    1. The company must have an ERMIS profile as a Legal Entity.
    2. The company must have their Employer role approved on the ERMIS system.
    3. Each participating employee, as well as a company authorised person and the company’s director, must have an ERMIS profile as a Natural Person
    4. The employees' and representatives’ profiles must be linked to the company's ERMIS profile.
    • All Individuals
    1. Must have an ERMIS profile as a Natural Person.

    You can create or access your ERMIS profile here: https://ermis.anad.org.cy/

  • How do I register for an HRDA-approved course through ERMIS?

    After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.

    • If you are registering as an individual:

    You must register through your personal ERMIS profile.

    • If a company is applying for the HRDA subsidy for its employees:
    1. Registration must be completed through the company’s ERMIS profile.
    2. The company profile used for registration must match the payroll company where each participant is employed.

    For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.

    Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.

  • What documents do unemployed individuals need to apply for the HRDA subsidy?

    When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:

    1. A referral for participation in HRDA Multicompany courses (Παραπεμπτικό για Πολυεπιχειρησιακά Προγράμματα της ΑνΑΔ).
    2. An ES19 form confirming that you were unemployed from at least the course start date.
  • What do self-employed individuals need to do to apply for the HRDA subsidy?

    You must update your ERMIS profile:

    1. Log in to your ERMIS profile and select the Self-employed role from the available roles.
    2. Complete and submit the request.
    3. Once your request has been approved, you can register for courses and apply for the HRDA subsidy as a self-employed individual.

    When submitting your request, you must upload one of the following:

    1. A confirmation letter from the Social Insurance Services confirming acceptance of your registration as a self-employed person.
    2. A Confirmation letter from the Social Insurance Services confirming your self-employed status.
    3. Proof of payment of Social Insurance contributions for the most recent quarter (available through SISnet). 
  • Is the check-in and check-out process in ERMIS mandatory?

    Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.

    To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
     

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