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
Accessing the UBO register of a Company in Cyprus
Finding out who is the UBO of a Company in Cyprus has never been easier.
UBO register submissions in Cyprus the intermediary solution
The deadline for UBO register submissions in Cyprus has passed but what happens now and what are the penalties.
Penalties for late submission of HE32 Annual Return
Penalties for late submission of HE32 Annual Return have tantalized business owners the last few years. as of the 30th of June 2022 parliament has reduced the penalties by 70% as of 2021 up to 2024
ROC extends annual levy 2022
in an announcement on the 6th of July 2022 the ROC has extended the time to pay the 2022 annual levy. The new deadline is now the 31st of December 2022.
Changes to Cyprus Companies
Changes in Cyprus Companies are common place and with a little help very easy to perform. This article takes into account change of directors, secretary, registered office and many other aspects .
Coronavirus and Cyprus Company Meetings
With Coronavirus appearing in Cyprus, company meetings need to adapt to the new conditions, However, is your business ready for virtual meetings
Coronavirus and Agreements in Cyprus
Coronavirus and Agreements in Cyprus considers the possible effects the coronavirus will have to Cyprus commercial agreements
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