Cyprus Partnership Formation

Cyprus Partnership Formation

Although the majority of businesses in Cyprus aim to structure and carry on a business using a Cyprus private company limited by shares, in certain cases, examined below, it might be more appropriate to consider a the formation of a Cyprus Partnership. What is a...
Covenant to Restrain Trade in Cyprus

Covenant to Restrain Trade in Cyprus

Does a covenant to restrain trade in a Cyprus employment agreement provide sufficient protection to the employer? – and does it really prohibit an employee from performing his trade? The answer is: No protection is afforded – the employee can carry on a...
Cyprus Trade Name Formation

Cyprus Trade Name Formation

A Trade Name is a name under which a Cyprus business (of any legal status) may carry on a trade or provide services. A trade name in Cyprus does not enjoy any of the benefits of a Cyprus private company limited by shares however sole practitioners and business alike...
Monetary Charge due to Late Submission

Monetary Charge due to Late Submission

The Cyprus Registrar of Companies has yesterday announced that from the 18th of December 2019, in accordance with the Companies Law, Chapter 113, Law 149(I)/2018, the enforcement of a monetary charge to late fillings will apply. When does a Monetary Charge apply? The...
Cyprus Company Name – ROC Guidance

Cyprus Company Name – ROC Guidance

The new Registrar website is packed with information and guidelines on the various processes that the Registrar follows. Amongst these is a guidance note regarding the name of a Cyprus Company and the approval process and the conditions that must be followed....
Share Rights in Cyprus – Share Redemption

Share Rights in Cyprus – Share Redemption

A share may be issued with several rights attached. Such as the right to vote, right to dividend, right to capital return and the right of redemption. However the right of redemption is slightly different than the other rights it can only be included in the share...