• Succession to Cyprus Shares
  • September 1, 2015 | Author: Evita Lambrou
  • Law Firm: Soteris Flourentzos & Associates LLC - Limassol Office
  • Shares in a Cyprus company are treated as being located for legal purposes in Cyprus. Therefore, when a registered shareholder of a Cyprus company dies, her/his shares cannot be transmitted to her/his heirs until, in the case of a will, a grant of probate or, in the case of no will, grant of letters of administration has been granted from the Cyprus Court (a "Grant").