A Comprehensive Guide to Company Reorganization
Posted: Wed Feb 19, 2025 7:44 am
In today’s global economy, businesses often seek a favorable environment to expand their operations and optimize their corporate structure. Cyprus, known for its strategic geographical location and business-friendly regulations, has emerged as an attractive destination for company relocation. Through its favorable legal framework and a host of beneficial provisions, Cyprus has positioned itself as a jurisdiction of choice for businesses aiming to relocate.
This article examines the intricacies of the Cyprus relocation process, highlighting greece mobile database key legal considerations and eligibility criteria. Furthermore, it highlights the range of benefits that await companies looking to make Cyprus their new home, including: its favorable tax regime, extensive network of double tax treaties and a strong infrastructure of support services.
Legal framework
The Republic of Cyprus is included in the list of jurisdictions that allow the process of re-domiciling, which includes the legal transfer of the 'seat' of foreign companies in and out of Cyprus, Companies Law, Cap. 113.
The re-incorporation process does not involve the dissolution of the company but instead the company remains and is treated as the same legal entity, albeit governed by the laws of the new jurisdiction.
This article examines the intricacies of the Cyprus relocation process, highlighting greece mobile database key legal considerations and eligibility criteria. Furthermore, it highlights the range of benefits that await companies looking to make Cyprus their new home, including: its favorable tax regime, extensive network of double tax treaties and a strong infrastructure of support services.
Legal framework
The Republic of Cyprus is included in the list of jurisdictions that allow the process of re-domiciling, which includes the legal transfer of the 'seat' of foreign companies in and out of Cyprus, Companies Law, Cap. 113.
The re-incorporation process does not involve the dissolution of the company but instead the company remains and is treated as the same legal entity, albeit governed by the laws of the new jurisdiction.