Generally speaking a valid Cypriot will is sufficient to dispose of the estate as you wish. If a foreign resident dies domiciled in Cyprus, the estate will be distributed according to Cypriot law. Domicile is not the same as Tax Residence.
What happens when someone dies in Cyprus?
Burial usually takes place within 24 to 48 hours after the death (if there is no post-mortem). If the remains are to be repatriated, the next-of-kin should contact the Consulate or High Commission of their home country in Cyprus.
Can you go to Cyprus for a funeral?
It is possible for the person who died to stay at the mortuary for longer if necessary, to give next of kin time to travel to Cyprus/make the arrangements etc however this is not encouraged by the hospital for long periods. It is possible to visit the person who died with prior arrangement.
Is a UK will valid in Cyprus?
Cyprus Inheritance Law
A carefully drafted English Will can include and deal with assets both found in England and Cyprus given the fact that Cypriot Law does recognize a Will that is prepared in another country.
How much does a funeral cost in Cyprus?
A funeral can range in cost from 700 euro to 5000 euro, depending on the funeral home and types of services, with prices of coffins ranging from 150 euro to a startling 2,500 euro. “Most people have always gone for the intermediate prices,” says Lenia Philippidou of the Ayios Petros funeral home.
Is there inheritance tax in Cyprus?
No transfer fees are payable on the distribution and there are no inheritance taxes in Cyprus (see Question 7).
Will writing Cyprus?
The will must be signed by the testator or a person authorised by him/her in the testator’s presence and under his/her directions. The testator must sign in the presence of at least two witnesses who will also sign the will in the presence of each other and in the presence of the testator.
Can I travel to Cyprus without a passport?
Non-EU nationals: To enter Cyprus, you must have a valid passport issued within the past ten years and with at least six months left is required, along with a return ticket and sufficient funds for the length of stay.
How long is the flight to Cyprus from UK?
Flights to Cyprus arrive at one of the two international airports in south Cyprus, Larnaca (LCA) and Paphos (PFO). Flight times from the UK range from just over four hours to around five hours.
How does probate work in Cyprus?
Specifically, a Grant of Probate authorises the executor(s) to collect the asset of the deceased person and allocate them to people who are named as beneficiaries in the will. … In case the executor is not a resident of the Republic of Cyprus then the Court may appoint its own executor to manage the estate.
Does A UK will cover foreign assets?
If you are treated as domiciled in the UK, you will pay inheritance tax on your worldwide assets (even if those assets are situated outside of the UK). This may result in tax being paid twice on those assets – both in the UK and abroad.