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
UBO Register ECJ Decision
UBO Register has been ruled as invalid by the ECJ since it is against Article 7 & 8 of the EU Charter of Fundamental Rights.
Annual levy strike-off
Unpaid annual levy for any year between 2012 and 2021 will strike-off companies as announced by the Cyprus department of companies
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
Co-Founders conflict Cyprus
I had reached a...
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?