Cyprus companies
Scope
The scope of this category of publications is to focus on company law in Cyprus, analyze and review amendments to the Cyprus Companies Law as well as current and future practices such as the reduction of capital, change of directors, change of the name and other.
Companies Law
In Cyprus, the predominant law covering companies’ dealings is the Companies Law, Chapter 113 of the Statute Laws.
The Companies Law was adopted during the establishment of the Republic of Cyprus (1960). Chiefly the legislative body then, adopted the Companies Act of 1948 as applied in the United Kingdom. Since then the Companies’ Law has been amended, 63 times, to adhere to the developing landscape of Cypriot companies and the international clients that they serve.
As of July 2019, i am aware of an overhaul to the Cyprus Companies’ law. It will be interesting to examine how the various disclosures (Cyprus Beneficial Ownership Registered, the General Data Protection Act, DAG6) will be adopted and applied.
Publications
Foreign Company operating in Cyprus
When a foreign company is going to be operating in Cyprus it can do so by registering with the department of the registrar of companies and official receiver
British Insurance Companies in Cyprus Post Brexit
British Insurance Companies in Cyprus post Brexit will be granted a two year grace period after which they have to take a national license to operate
Cyprus Annual Return HE32 for Companies
How to submit a Cyprus Annual Return HE32 correct the first time and ensure that the Cyprus Annual Return HE32 is never late
Co-Founders conflict Cyprus
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Cyprus Partnership Formation
The formation of a Cyprus Partnership at times is a more suitable to carrying on a business rather than a private company limited by shares
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 competing against the former employer?
Cyprus Trade Name Formation
A Cyprus Trade Name is a business name under which a Cyprus business may carry on a trade or provide services in Cyprus. Continue Reading . . .
Monetary Charge due to Late Submission
Monetary Charge increases by the Cyprus Registrar of Companies as a means to comply with reporting time frames and more importantly when they apply
Cyprus Company Name – ROC Guidance
Recent publications by the Registrar have provided significant guidance as to the conditions for entity name approval
Share Rights in Cyprus – Share Redemption
Share Redemption in Cyprus has been used in order to allow for the return of profits to shareholders however such right should be carefully structured