commercial
A Cyprus company which has been struck off from the companies register, due to non-compliance with the Companies Law, can be restored and considered to have continued in existence as if its name had not been struck off, following either an application directly to the Registrar of Companies or by an application to the District Court.
Recent legislative developments have significantly affected the VAT treatment of new residential properties in Cyprus. This article examines the expiry of transitional provisions, the current eligibility requirements for the reduced 5% VAT rate, and the additional amendments entering into force during 2026.
A Cyprus company which has been struck off from the companies register, due to non-compliance with the Companies Law, can be restored and considered to have continued in existence as if its name had not been struck off, following either an application directly to the Registrar of Companies or by an application to the District Court.
A Joint Venture is where two parties agree to pool their resources for the purpose of accomplishing a specific task. A joint venture can be created by (a) a contractual agreement between the parties (b) setting up separate legal entity (c) establishing a partnership and (d) establishing a European Economic Interest Grouping
Cyprus Company Law is based on the principle of the majority rule. As a general principle, a Cyprus court will not interfere in the management of a company. However, in cases where shareholders are oppressed by the controlling or majority or the board of a Company, a minority or oppressed shareholder can seek redress and protection from a Cyprus court.
Cyprus Companies Law, Cap 113 implemented Directive 2005/56/EC on cross-border mergers of limited liability companies (Cross-border Mergers Directive). Cyprus company law provides the framework for cross-border mergers between companies in Cyprus and companies from other EEA states.
A Partnership is the relationship which subsists between two or more persons carrying on business in common with a view to profit. Partnerships are governed in Cyprus by the Partnership and Business Names Law, Cap. 116.
A Cyprus company which has been struck off the register can be reinstated, depending on the circumstances, either by an application to the Registrar of Companies or by an application to the District Court.
A shareholders’ agreement is an agreement entered into by the shareholders of company and which stipulates their respective rights and obligations. The shareholders’ agreement can regulate the shareholders voting rights, protect a minority shareholder`s interests and provide how a company is going to be run.
The Registrar of Companies and Official Receiver announced on the 15.03.2019 that following clarifications received from the Attorney General regarding Article 90 of the Companies Law, Cap. 113, charges relating to the pledging of foreign share certificates or the charges resulting from them, will be accepted for registration as was the practice previously. The announcement…