Powers of Attorney

General questions & discussions on Cyprus property related matters
Post Reply
sereneplaces
Posts: 4
Joined: 29 Sep 2019 18:45

Powers of Attorney

Post by sereneplaces » 20 Nov 2019 00:26

Hi all,

I have an elderly grandparent who has a flat in Cyprus that he would like to transfer over to myself.

He would like me to be his power of attorney to complete this task. I am resident in the UK.

I thus need to: (1) arrange for the preparation of a PoA (2) transfer ownership.

Do I need to arrange for the PoA to be prepared in Cyprus and can I then arrange for it to be executed at the embassy in the UK? Or can I have it prepared in the UK.

Ultimately, my grandad is elderly and doesn’t want to travel to Cyprus so I am trying to keep as many actions in the UK.

Thanks in advance.



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Powers of Attorney

Post by Nigel Howarth » 20 Nov 2019 10:37

Hi sereneplaces

You can have the PoA prepared in the UK by a solicitor and then you and your grandfather will need to visit the Cyprus High Commission or one of the Honorary Consulates to have the PoA certified. (Or you can have the PoA verified by a Notary Public in your area and then forward it to the High Commission in London for verification.)

You can find more details at https://cyprusinuk.com/legalisation-of-documents/

List of Honorary Consulates at https://cyprusinuk.com/honorary-consulates/

You can find a local Notary Public by searching https://www.thenotariessociety.org.uk/

You will both need to take proof of your identities - passport or ID card.

You can then visit Cyprus with the PoA and facilitate the transfer of the property.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

sereneplaces
Posts: 4
Joined: 29 Sep 2019 18:45

Re: Powers of Attorney

Post by sereneplaces » 20 Nov 2019 13:32

Nigel, that's incredibly helpful. Thank you.

I am hoping I can now locate a solicitor in the UK competent in preparing Cypriot law compliant PoAs - I'll ask around.

Thank you.



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Powers of Attorney

Post by Nigel Howarth » 20 Nov 2019 14:41

You're welcome

I think I have a Power of Attorney document somewhere on my computer. If I can find it, I'll email it to you.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

Garrand
Posts: 1
Joined: 21 Nov 2019 15:06

Re: Powers of Attorney

Post by Garrand » 22 Nov 2019 15:38

Would you be so kind and do the same for me, Nigel?



Pantheman
Posts: 594
Joined: 26 Jan 2008 14:44
Location: Famagusta District
Contact:

Re: Powers of Attorney

Post by Pantheman » 23 Nov 2019 10:23

Point to note: Not all PoA are the same and one needs to careful exactly what powers they are delegating.

The power needs to be specific to encompass all the actions required in order to make the necessary transaction otherwise it will not be accepted.

You could have a general power that deals with everything, but this has to be done with care as to not be abused.

Good luck


For all your property needs, we offer Trust, Integrity, Honesty.
FSB Properties Ltd
Registered and Licensed Real Estate Company Co. Reg. No. 795, Lic. No. 250/E
Member of ETEK Registration No. A201999
https://fsbproperties.com

Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Powers of Attorney

Post by Nigel Howarth » 23 Nov 2019 11:24

Hi Sereneplaces & Garrand

Unfortunately, I haven’t been able to find a PoA document on my computer; I must have inadvertently deleted it.

But I have found something on the Internet that's on its way to you both by email that may help your solicitor to formulate the wording.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

mconst24
Posts: 1
Joined: 06 Sep 2019 13:06
Contact:

Re: Powers of Attorney

Post by mconst24 » 17 Dec 2019 23:29

Hi Sereneplaces & Garrand

It is advisable to have the power of attorney drafted in Cyprus, so to make sure it can be used for that specific transaction.

It needs to include also clause about getting tax clearances etc.

You will also need to prove the relationship between the parties for this gift transfer.

If you wish we can give more information and guide you through all the procedures.

(Dear Sereneplaces & Garrand, If you wish to contact Mr Konstantinou, please click on 'mconst24' above to see his contact details. Nigel Howarth)


MARIOS KONSTANTINOU
LAWYER - PARTNER - GEORGE K. KONSTANTINOU LAW FIRM
m: +35799 929393 Gladstonos 55 , ROUSSOS CENTER POINT, 5th floor , 3040, Limassol, Cyprus
w: https://gk-lawfirm.com/

Post Reply