What We Do

Advisory that executes.

Six areas where the combination of strategic thinking and operational execution makes the most meaningful difference to outcomes.

01
M&A
Advisory
Capabilities
Buy side and sell side mandates
Deal structuring and valuation
Negotiation strategy and execution
Due diligence coordination
Transaction management to closing
Family and shareholder alignment
"We want to sell the business, but we have never sold a business before."

Most M&A advisors hand off at the recommendation. We stay in the room from mandate to closing, managing the negotiation, coordinating the legal and tax workstreams, and maintaining the alignment between principals that complex transactions inevitably require.

We work on both sides of a transaction. On the sell side, we prepare the asset, take it to market, manage the buyer process, and protect the seller's interests through every stage of negotiation. On the buy side, we identify and evaluate targets, structure the approach, and manage the acquisition through to completion.

The difference is accountability. In a transaction, the advisory firm that presents the strategy and then departs leaves the client exposed at the moments that matter most. We do not depart. The team that designed the deal is the team that delivers it.

Common questions
What does a sell-side M&A advisor do?
A sell-side advisor prepares the business for sale, takes it to market, manages the process of identifying and engaging buyers, and negotiates the commercial and structural terms of the transaction on the seller's behalf. Citius Trust stays in the engagement from mandate to closing. The same team that designs the deal delivers it.
How long does an M&A transaction take in Cyprus?
Most transactions take between six and eighteen months from mandate to closing, depending on asset complexity, the number of principals involved, and the depth of due diligence required. Family-owned businesses with multiple shareholders typically take longer than single-owner transactions. Early preparation of the asset, governance documentation, and shareholder alignment materially reduces timeline.
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02
Family
Advisory
Capabilities
Wealth structuring and planning
Succession planning
Trust and estate arrangements
Family governance and charters
Shareholders' agreements
Multi-generational planning
"Our wealth is tied to one asset. The next generation wants different things."

Family advisory requires a discipline that has nothing to do with technical expertise and everything to do with understanding people. Before a trust structure, before a shareholders' agreement, before a succession plan, there are family dynamics, different timescales, different risk tolerances, and different relationships to the asset that built the wealth.

We work with families at the intersection of the financial and the personal. The technical work of wealth structuring, trust arrangements, tax planning, and estate design is only as good as the human framework that holds it together. We design both.

One important principle: we do not present a solution before we understand the question. In family advisory, the most expensive mistake is answering a question the client has not finished asking yet.

Common questions
What is a shareholders' agreement and why does a family business need one?
A shareholders' agreement defines the rights and obligations of the owners of a business: how decisions are made, how shares can be transferred, what happens on the death or incapacity of a shareholder, and how disputes are resolved. For a family business, it is the document that prevents a disagreement between family members from becoming a legal and operational crisis.
What is the difference between a trust and a will for wealth transfer?
A will transfers assets at death and is subject to probate. A trust transfers assets during life or at death directly to beneficiaries, outside the probate process, and can include conditions on how and when assets are distributed. Unlike a will, which distributes what is distributable at the point of death and then ceases to operate, a trust can extend well beyond the settlor's death, continuing to hold, manage, and distribute assets according to the settlor's wishes for as long as the trust deed provides. This makes trusts particularly suited to multi-generational wealth planning. Depending on the structure and applicable law, a trust may also offer the possibility of avoiding forced heirship rules, which in certain jurisdictions compel a minimum share of an estate to pass to specific relatives regardless of the deceased's wishes. Trusts offer greater control, privacy, and flexibility than wills, particularly for international families with assets across multiple jurisdictions.
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03
Tax
Restructuring
Capabilities
International tax structuring
Redomiciliation to Cyprus
Substance establishment
ATAD / Unshell compliance
Corporate restructuring
Holding structure design
"The structure that worked ten years ago is now a liability."

Tax restructuring is not tax compliance. Compliance is the annual obligation: filing returns, meeting deadlines, reporting correctly. Restructuring is the strategic work of designing arrangements that are efficient, defensible, and built for the regulatory environment that exists today, not the one that existed when the original structure was put in place.

The international regulatory environment has shifted fundamentally over the past decade. Structures that were efficient and perfectly legal in an earlier era are now exposed to substance requirements, anti-avoidance directives, banking scrutiny, and enforcement activity that was not present when those structures were designed.

We do not patch old structures. We assess them honestly and, where necessary, replace them. The goal is a structure that is both optimally efficient and genuinely robust, one that does not require constant maintenance because it is built correctly.

Common questions
What are the substance requirements for a Cyprus company?
A Cyprus company must demonstrate genuine economic activity in Cyprus to access treaty benefits, EU directive protections, and tax residency status. This means a real registered office with actual use (not a nameplate), at least one qualifying resident director who actively manages the company from Cyprus, board meetings held and minuted in Cyprus, active bank accounts managed locally, and accounting records maintained in Cyprus. The substance test applies across entity types, including holding companies, trading companies, fund managers, and intermediate structures, and not only to holding structures. Nominal arrangements and nominee-only directorships no longer satisfy the standard.
How does redomiciliation to Cyprus work?
Redomiciliation is the process of transferring a company's registered jurisdiction from one country to Cyprus without dissolving and re-incorporating the entity. Cyprus law provides a clear framework for this. Citius Trust manages the full process, from the initial legal and tax analysis through to registration, substance establishment, banking setup, and compliance with ATAD requirements.
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04
Regulated Entity
Licensing
Capabilities
CySEC authorisation advisory
Central Bank licensing
Application preparation and management
Regulatory framework design
Compliance infrastructure setup
Ongoing regulatory support
CIF independent auditor report (CySEC)
PI/EMI safeguarding assurance (ISAE 3000)
Client money compliance review
"We want a Cyprus licence. We do not know what that actually involves."
"We are licensed. Our compliance framework is live. Now we need someone who can look at it independently."

Regulated entity licensing in Cyprus, whether through CySEC for investment firms and fund managers or through the Central Bank for payment institutions and other regulated entities, is a process that combines regulatory knowledge, legal precision, operational design, and relationship management. Knowing what the regulator requires is necessary. Knowing how to present it, sequence it, and manage the process through to authorisation is what determines the outcome.

We have guided firms through the full licensing process, from initial feasibility assessment, through application preparation, to authorisation and the post-licensing compliance framework. We do not advise on the application and then step aside. We manage the process.

The licence is the beginning, not the end. The regulatory infrastructure that supports it, covering the compliance frameworks, the risk management systems, and the reporting obligations, needs to be in place before the licence is granted and maintained continuously thereafter. We design and implement that infrastructure.

For firms that are already licensed, we provide the independent assurance their regulators require. Cyprus Investment Firms must submit an annual independent auditor's report to CySEC under paragraph 10 of Directive DI87-01, covering client asset safeguarding adequacy for client financial instruments, client funds, and the reconciliation process. Payment institutions and EMIs licensed by the Central Bank require independent safeguarding assurance, an ISAE 3000 limited assurance engagement confirming that client funds are held in compliance with the applicable regulatory requirements. Citius Trust holds an ICPAC Auditing Certificate and provides both. We also conduct client money compliance framework reviews for firms that want an independent assessment of their arrangements before their regulator asks the question.

Common questions
What is the difference between a CIF and an AIFM licence in Cyprus?
A CIF (Cyprus Investment Firm) licence under MiFID II is required to provide investment services directly to clients: portfolio management, investment advice, execution. An AIFM (Alternative Investment Fund Manager) licence is required to manage an alternative investment fund. The correct choice depends entirely on the operating model. Some structures require both. Choosing the wrong licence type adds months and cost to the process.
What does CySEC require for a licence application?
CySEC requires a complete application including a detailed business plan, ownership and governance documentation, financial projections, compliance and risk management frameworks, and fit-and-proper assessments for all key persons. The quality and completeness of the application is the primary determinant of timeline. Citius Trust prepares and manages the full application process.
What does the independent auditor's report to CySEC cover for a CIF?
Under paragraph 10 of Directive DI87-01, every Cyprus Investment Firm must obtain an annual independent auditor's report to CySEC confirming the adequacy of its client asset safeguarding arrangements, covering client financial instruments held in custody, client funds held in bank accounts, and the three-level reconciliation process. The report is issued by an ICPAC-registered auditor and submitted to CySEC as part of the firm's annual regulatory reporting obligations. Citius Trust holds an ICPAC Auditing Certificate and issues this report.
What is independent safeguarding assurance for a payment institution or EMI?
Payment institutions and electronic money institutions licensed by the Central Bank of Cyprus are required to safeguard client funds, either by holding them in a dedicated account at a credit institution or by covering them with an insurance policy or bank guarantee. Independent safeguarding assurance is an ISAE 3000 limited assurance engagement in which an independent practitioner reviews whether the firm's safeguarding arrangements comply with the applicable regulatory requirements. Citius Trust holds an ICPAC Auditing Certificate and provides this assurance to licensed PIs and EMIs.
05
Banking
Optimisation
Capabilities
Facility review and assessment
Risk profile reclassification
Negotiation strategy and execution
Personal guarantee removal
Rate and covenant restructuring
Alternative lender identification
"We have been with the same bank for years. We assume the terms are market."

Bankers generally prefer it when an independent advisor is not in the room. The reason is straightforward: a borrower without an advisor accepts the terms they are offered. A borrower with an advisor who understands bank credit asks different questions and gets different answers.

Most banking relationships are not reviewed strategically. The borrower accepts the initial terms, and those terms become the baseline for every subsequent negotiation. As the borrower's risk profile improves, through successful exits, completed developments, secured income, or reduced leverage, the bank does not volunteer to reprice the relationship. That adjustment has to be demanded.

We make that demand professionally and with the analysis to support it. We review existing facilities, assess the current risk profile of the borrower and the assets, identify the gap between what is being paid and what should be paid, and negotiate on that basis. The competition for quality credit in Cyprus is significant. Banks will move when properly approached.

Common questions
Can I renegotiate my loan terms with a Cypriot bank?
Yes. Banking terms are not fixed. If your risk profile has materially improved (through successful exits, completed assets, secured long-term income, or reduced leverage), you have grounds to negotiate. Banks do not proactively offer better terms when a borrower's profile improves. That adjustment has to be requested, and it has to be supported by a clear and credible risk presentation.
What is a personal guarantee and can it be removed?
A personal guarantee is a commitment by an individual to repay a business debt if the business cannot. It exposes personal assets, including a family home, to commercial risk. Personal guarantees can be removed or limited when the business's standalone credit risk is sufficient to support the facility without recourse to the individual. Citius Trust makes this case to the bank with the supporting financial analysis.
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06
Business
Advisory
Capabilities
Strategic planning
Business turnaround
Governance and human capital
Margin improvement and cost reduction
Market entry and expansion
Complex asset acquisition
Cross-border coordination
Family office integration
"We know what we want to achieve. What we need is someone with the range to help us get there, whatever that requires."

The most valuable advisory work often sits in the spaces between disciplines. A complex asset acquisition that involves legal, tax, regulatory, and logistics elements. A market entry that requires structural, operational, and strategic thinking simultaneously. A situation that is too legal for an accountant, too operational for a lawyer, and too tax-sensitive for a logistics firm.

We built our practice for exactly these situations. The multidisciplinary model means we do not need to refer out the parts that fall outside a single discipline's scope. We hold the whole engagement, which is the only way to ensure that the pieces fit together correctly.

Some of our most significant client relationships began with a single, unusual problem that no other advisor was prepared to take on in full. The willingness to hold the complexity is what built the relationship, and what keeps it.

Common questions
What kinds of situations does Business Advisory cover?
Business advisory covers situations that fall between disciplines: too legal for an accountant, too operational for a lawyer, too tax-sensitive for a logistics firm. Complex asset acquisitions across multiple jurisdictions, market entry requiring structural and regulatory thinking simultaneously, governance design for growing businesses, cross-border coordination involving multiple authorities. The common thread is complexity that a single-discipline firm cannot hold in full.
How does Citius Trust approach business turnaround?
Turnaround work begins with an honest assessment of the numbers, identifying the structural gap between the cost model and the revenue reality, and determining whether it is recoverable. If it is, we redesign the cost and compensation structure to match actual incoming revenue rather than projected revenue, preserve the relationships that matter most, and establish a timeline for stabilisation. The goal is a business that survives on what it actually earns.
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