Ο Περί Εταιρειών (Τροποποιητικός) (Αρ.4) Νόμος 101 (Ι) του 2024
Ο Περί Εταιρειών (Τροποποιητικός) (Αρ.4) Νόμος 101 (Ι) του 2024 εισήγαγε σημαντικές αλλαγές…
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Ongoing Obligations of a Cyprus Company
Incorporating a Cyprus company is an easy and relatively swift procedure, but what about the obligations regarding tax and statutory reporting?
Cyprus Trade Names
A Tradename, also known as a Business name, is the designation under which an individual or company conducts its business activities, distinct from the legal entity’s registered name.
Establishing a Business Entity in Cyprus
Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center.
Trademark Registration in Cyprus
A Trademark is type of Intellectual Property Right that consists of a recognisable symbol, logo, name or design used to distinguish a company’s product or services from those of this competitor.
Update on Public Access to Ultimate Beneficial Owners (UBOs) Register
In light of the recent Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37/20 and C-601/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public was suspended as of the 23rd of November 2022.
Strike Off of a Cyprus Company
Under Cap. 113, the Registrar of Companies may remove from the Register any company which appears not to be doing business and is not operation.
Reserving a Company Name in Cyprus
In order for a company to be registered, the name under which it is proposed to be registered must have been previously approved by the Registrar of Companies and Official Receiver (hereinafter the “Registrar”) after submitting a relevant application. According to the Companies Law Cap.113 the proposed name to be approved by the Registrar certain…
Removal of Liquidator in Creditors’ Voluntary Liquidation
Possibility to remove current liquidator and possibility to appoint an additional liquidator in the procedure of creditor’s voluntary liquidation. Based on Section 277 of the Cyprus Companies Law, Cap.113, the creditors and the company at their respective meetings may nominate a person to be liquidator for the purpose of winding up the affairs and distributing…
When Creditors’ Voluntary Liquidation is Appropriate
A company may enter into the procedure of the voluntary liquidation by its creditors when it cannot pay its debts. This procedure’s objectives are the distribution of the insolvent company’s assets between its creditors and the company’s dissolution. The directors of the insolvent company shall prepare a statement of their position on the company’s affairs,…
Re-Domiciliation Out of Cyprus
Procedure of re-domiciliation of a Cyprus Company out of the Republic of Cyprus. Application for re-domiciliation abroad A Cyprus company registered under the provisions of the Companies Law, Cap. 113 may apply to a foreign country to be registered and continue its existence under that legal regime provided that the following has been obtained: (a)…
The Annual Company Levy of Euro 350 for Cyprus Companies
According to Companies Law (Amendments) (No.3) 2012 and 2013 voted by the Parliament, amendments were enforced in relation to the fixed annual levy of Euro350 for companies. With the amendments the annual levy of Euro350 has been imposed to all Cyprus companies. More specifically, the amendments made are as follows: All Cyprus companies, either dormant…
Annual Charge for the year 2012 for Cyprus Companies
As from 2011 all registered Cyprus companies are obliged to pay an annual charge of Euro 350 in order for the companies to be in good standing and to remain in the register of Cyprus companies at the Registrar of Companies. For Cyprus companies which belong to a group of companies the total amount of…
Cyprus company formation: The use of the EU business hub as an offshore tax shelter
If you have business activities of international scale, and want to find a reputable offshore tax shelter, the Mediterranean basin is the place to look. Cyprus these days poses as one of the most reputable tax efficient jurisdiction, which although onshore EU destination, still offers some very competitive offshore tax advantages. Such advantages made Cyprus…
Annual Charge for Cyprus Companies
As from 2011 all registered Cyprus companies are obliged to pay an annual charge of Euro 350 in order for the companies to be in good standing and to remain in the register of Cyprus companies at the Registrar of Companies. For Cyprus companies which belong to a group of companies the total amount of…