least 1 year prior to the establishment of the Cyprus International Trust. The beneficiaries must not be residents of Cyprus for at least 1 year prior to the establishment of the Cyprus International Trust. At least one trustee must be residing in Cyprus during the whole duration of the trust. In addition to above the common law principles of certainty must be present. Settlor Powers provided by law The Cyprus International Trust Law of 2012 also introduces certain settlor powers which if exercised will not invalidate the trust and or do not need to be inserted in the trust deed for the settlor to exercise them. The powers introduced are: to revoke or amend the terms of a trust or any trusts or powers arising wholly or partly under it to advance, distribute, pay or otherwise apply income or capital of the trust property or to give directions for the making of such advancement, distribution, payment or application to exercise the powers of a director or officer or issue binding directions as to the appointment or removal of a director or officer of any company, wholly or partly owned by the trust; to give binding directions to the trustee in connection with the purchase, retention, sale, management, lending, pledging or charging of the trust property or the exercise of any powers or rights arising from such property; to appoint or remove any trustee, enforcer, protector or beneficiary; to appoint or remove any investment manager or investment adviser; to change the applicable law governing the trust or the forum for the administration of the trust; to restrict the exercise of any power or discretion of a trustee by requiring that they are only exercisable with the consent of the settlor or any other person expressly specified in the terms governing the trust. Duration of Cyprus International Trust Cyprus does not limit the duration of an international trust and it may be formed for an unspecified duration. Charitable Trust and Purpose Trust In accordance with Section 7, a Cyprus International Trust may be formed for one or more of the following purposes: the prevention or relief of poverty the advancement of education the advancement of religion the advancement of health or the saving of lives the advancement of citizenship or community development the advancement of the arts, culture, heritage or science the advancement of amateur sport the advancement of human rights, conflict