Company Law Update: Registration of Charges

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…

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…

Cyprus Company Law Update: Significant amendments to Cyprus Companies Law (Law 4 of 2015)

Amending Law 4 of 2015 introduced important innovations to Cyprus Companies Law (Cap. 113) (the “Law”).  These innovations are aimed at simplifying processes and increasing competitiveness. The amendments came into effect from the 19th of June 2015. Following the amendments, it is  now possible for a  company to be incorporated as a general commercial company…

Insights: Cyprus Company Law – Shareholders Agreements

1.    Introduction The questions below are intended to help shareholders identify and, if relevant, negotiate certain (indicative only) matters regarding regulation of a Cyprus company. The questions are aimed at providing a starting point for discussions between the owners regarding the establishment of a management structure of a Cyprus company. Note that not all the…