Transfering money to Russia

Frequently asked questions about buying & selling property in Cyprus
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Transfering money to Russia

Post by Ofer » 29 Jun 2019 09:55

We wish to buy a flat.the owner located in Russia.His friend represent him.The money must pay all in cash or to be transferd to a bank in Russia.
Is it ok?
We dont live in Cyprus.
Thank you

Nigel Howarth
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Posts: 2522
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus

Re: Transfering money to Russia

Post by Nigel Howarth » 30 Jun 2019 11:49

Hi Ofer

I guess this is the apartment in the 'Santa Barbara' development in Limassol?

You'll need to check with your bank as to whether there any problems transferring money to Russia.

But I would strongly urge you to appoint a lawyer in Cyprus in Cyprus to look after your interests. It may be that this is a scam - you need a lawyer to thoroughly check it out out.

The UK Foreign & Commonwealth Office publishes a list of English-speaking lawyers that you can find by clicking here.

My personal recommendation is the firm of L.G. Zambartas (the last one on the above list). You can find their contact details by clicking here.


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