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Estate planning in Cyprus requires a valid will, correct ownership records and, where useful, a properly constituted trust. The following answers address the main legal distinctions without promising a fixed probate time or universal tax result.

Written by Gregoris Philippou, Managing Partner
Cyprus Bar Association (since 2013)
Estate planning in Cyprus requires a valid will, correct ownership records and, where useful, a properly constituted trust. The following answers address the main legal distinctions without promising a fixed probate time or universal tax result.
The testator must be at least 18, have testamentary capacity and sign or acknowledge the will in the simultaneous presence of at least two witnesses, who then sign as Cap. 195 requires. A gift to an attesting witness, the witness's spouse or child is void to that extent, so independent witnesses should be used.
Where Cyprus law applies, section 41 generally leaves one quarter freely disposable if a child or descendant survives, one half if there is no descendant but a spouse or parent survives, and the whole estate if none survives. The actual calculation requires the family tree and estate composition.
Regulation (EU) 650/2012 generally points to habitual residence at death. A person can expressly choose the law of a state whose nationality they possess. It is not a choice of any convenient law, and coordinated foreign wills are essential.
Probate is the grant made where a valid will and executor are proved. Letters of administration are used where there is no valid will or no executor able and willing to act. Timing depends on the court file, assets, heirs, tax evidence, foreign documents and disputes; six to twelve months is not guaranteed.
Cyprus estate duty is not charged for deaths on or after 1 January 2000. That does not eliminate income tax, CGT, VAT, property, filing or foreign-tax issues affecting the estate or beneficiaries.
A trust may support lifetime governance, minors, incapacity planning or controlled distributions. It does not automatically defeat forced heirship, creditors, tax or probate for assets not transferred to it, and confidentiality remains subject to legal disclosure and reporting duties.
We can review Cyprus and foreign assets, the applicable succession law and execution plan as one estate-planning project.
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Managing Partner
Managing Partner with a distinguished career in corporate and commercial law, trust law, tax law, property law, litigation, and immigration law. First-Class LL.B. from the University of Leicester and LL.M. from the University of Cambridge.
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