Insights: Joint Ventures in Cyprus

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

Company Law Update: Abolition of Capital Duty

From the 18.12.2018 there is no longer an obligation to pay capital duty of 0.6% on the authorised share capital or any increase thereof. The Council of Ministers abolished this obligation as part of wider measures taken aimed at making Cyprus an even more attractive jurisdiction for the incorporation and domiciliation of companies. Our firm…

Insights: Cross Border Mergers of Cyprus Limited Liability Companies

Following the implementation of Directive 2005/56/EC (Cross-border Mergers Directive) into local law by Law 2 of 186(I) of 2007, Cyprus Companies Law, Cap. 113 now provides the framework for cross-border mergers of limited liabilities companies, where at least one of the merging limited liability companies is a Cyprus company or where the limited liability company resulting from the cross-border merger is a Cyprus company.

Company Redomicilation

Corporate redomiciliation is the process by which a company moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, while maintaining the same legal identity. Companies’ redomicile for a variety of reasons including to take advantage of more favourable tax laws or less stringent regulatory…