Private Client
Our Private Client services focus on safeguarding your financial future and family assets, ensuring long-term security for you and your loved ones. We specialise in creating bespoke solutions for estate planning, inheritance tax, trusts, wills, and succession planning. Whether you're looking to protect your estate, plan for future generations, or reduce tax liabilities, our team is here to offer expert advice every step of the way.
Protecting Your Legacy
At Kourtellos & Co, we provide expert legal solutions that protect, preserve, and grow your personal wealth. From estate planning to tax efficiency, we help high-net-worth individuals navigate complex legal landscapes with ease.
Through tailored legal strategies, we ensure that your wealth is passed on smoothly and efficiently, minimising tax burdens and potential legal complications. Our experts will work with you to develop a personalised plan that aligns with your unique financial goals and family needs.
Services can be delivered within a few weeks, depending on complexity.
To begin, simply schedule a consultation with one of our expert lawyers by calling +35725725705 or messaging contact@kourtellos.com. No preparation is needed for the initial consultation.
FAQs
Do I need a will in Cyprus if I own assets there?
Yes. If you own immovable property in Cyprus or are domiciled or resident in Cyprus, it is highly advisable to have a Cypriot will.
Cyprus law allows for testamentary freedom, but forced heirship rules may apply to domiciled individuals.
A properly drafted Cypriot will ensures that your estate is distributed according to your wishes and can avoid delays and disputes during probate.
Multiple wills may be used if you own assets in more than one country - coordinated planning is essential.
What are the tax implications for high-net-worth individuals relocating to Cyprus?
Cyprus offers attractive tax residency and non-domicile benefits for high-net-worth individuals (HNWIs):
Non-doms are exempt from Special Defence Contribution (SDC) on dividends, interest, and rental income.
The 60-day tax residency rule allows individuals to become Cyprus tax residents with minimal physical presence, under certain conditions.
There is no wealth tax, and inheritance tax was abolished in Cyprus.
Proper planning can significantly reduce an individual's global tax exposure when relocating to Cyprus.
How does the probate process work in Cyprus?
The probate process in Cyprus involves the administration of a deceased person’s estate, either under a will or, if no will exists, under intestacy rules.
Key steps include:
Application to the Cyprus District Court for a grant of probate (if there's a will) or letters of administration (if not).
Appointment of an executor or administrator to gather, value, and distribute assets.
Settling of any tax liabilities, debts, and fees before distribution.
The process can take several months, and legal representation is highly recommended for non-residents or complex estates.