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
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
Cyprus Company Formation
Cyprus Company Formation is a series of publications considering the Cyprus Company Formation and Cyprus law matters around the Formation. In this publication we consider the law and the memorandum of association
Change Name – Cyprus Company
The name change process in a Cyprus Company is a process which needs the involvement of multiple parties and the approval of the Registrar
Cyprus Registrar Forms legality issues and effect
Within the...
Share Plan the Cyprus Position
A share plan must...
Transfer of shares when is it effective?
The process to transfer shares in Cyprus is misconceived, a transfer of shares doesn’t occur simply by submitting form HE57 to the Registrar.
New Electronic Filing Process at the ROC
The Registrar of Companies changed the electronic filing process for the forms changing the registered office, director and shareholders of a company.