Donation vs. Inheritance in Cyprus – What Greek-Cypriots Abroad Should Know
If you’re a Greek-Cypriot living abroad and own property in Cyprus, you may wonder whether it’s better to donate your property during your lifetime or pass it on through inheritance after death. Both options are legal in Cyprus, but each has different tax and legal consequences.
At E CHATZIDIMITRIOU LLC, we guide clients through the estate planning process and help them choose the most suitable method of property transfer. We offer online consultations, operate across Cyprus and Greece, and speak Greek and English.
What Is a Donation (Gift) in Cyprus?
A donation is a voluntary transfer of property during the owner’s lifetime, often made to children, spouses, or close relatives. It requires:
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A written contract signed before a notary or lawyer
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Registration with the Cyprus Land Registry
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Payment of transfer fees, which may be reduced for family members
Once registered, the property legally belongs to the recipient.
What Is Inheritance?
Inheritance occurs after the owner’s death, typically through a will. It involves:
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Probate and court recognition
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Certificate of Heirs
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Transfer of property through court order and Land Registry
Although Cyprus has no inheritance tax, fees and probate delays still apply.
Key Differences Between Donation and Inheritance
|
Feature |
Donation |
Inheritance |
|---|---|---|
|
Timing |
During lifetime |
After death |
|
Court Involvement |
Usually not required |
Mandatory probate |
|
Fees |
Transfer fees apply |
Probate and court fees |
|
Speed |
Immediate if documents are ready |
2–6 months depending on case |
|
Control |
Owner loses control once donated |
Full control until death |
Which Option Is Better for You?
The right choice depends on:
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Whether you want to keep control of the property until death
-
Whether the heirs are prepared to handle legal steps later
-
Whether you want to minimize court involvement
We assess each case and provide customized guidance.
Why Choose E CHATZIDIMITRIOU LLC
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Experience in Cypriot estate law
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Helping Greek-Cypriots in the U.S. manage property in Cyprus
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Remote support with no travel needed
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Legal consultations in Greek or English
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Offices across Cyprus and Greece
Contact our law firm E. CHATZIDIMITRIOU LLC via email at info@hatzidimitriouvirtuallaw.com or +13474034789 and one of our specialized associates will guide you through your case. Language of communication, preferably Greek.
E CHATZIDIMITRIOU LLC – Legal Services for Greeks and Cypriots Abroad
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