Company Restoration in Cyprus

Company restoration in Cyprus is possible for businesses that have been struck off the Companies Register. There are two types of procedures available for such enterprises, so we recommend working with our Cypriot lawyers for support in choosing and filing for the correct application.

Quick Facts
Support in company reactivation in Cyprus (YES/NO)	Yes, our law firm in Cyprus can assist in this procedure.
Applicable law	Cypriot Companies Act.
Reactivation conditions	– the company must have been struck off from the Trade Register, – the company must not be going through liquidation.
Types of restoration procedures	– administrative, – by court order.
How to choose the appropriate reinstatement method?	The method depends on the reason for the strike-off and the timeframe elapsed from it.
Administrative restoration	Administrative reactivation is possible in the case of companies that failed to submit the required documents to the Trade Register.
Timeframe to initiate administrative reactivation	2 years from the strike off.
Reactivation through a court order	Company restoration through a court order when closed if it failed to pay various fees with the Register or debts.
Who can initiate administrative reinstatement in Cyprus?	Any of the shareholders or directors.
Who can file for court reactivation in Cyprus?	Any of the shareholders or creditors.
Timeframe to file a court petition for company reactivation	2 to 20 years from the strike off.
Court considerations to issue the reactivation order	The court will consider if there is a reason to order the reinstatement or if there is a real benefit for the petitioner after reactivating the entity.
Documents	– proof of paying all outstanding debts, – standard application forms, – proof of payment of restoration fees.
Notification with the Trade Register (YES/NO)	Yes.
Other requirements (if any)	If the assets of a company are administered by a government authority, consent from the respective authority is required.

Table of Contents

Company reinstatement conditions in Cyprus

Section 327, articles 1 to 2A, in Chapter 113 of the Companies Act is the main rule that provides for the conditions under which it is possible to reactivate a company in Cyprus. These are:

the company must be undergoing liquidation;
the company has been struck off from the Companies Register for not complying with the law.

In terms of compliance, enterprises that have been struck off for the following reasons can undergo company reactivation in Cyprus:

they did not carry out any business activities, according to the Trade Register;
the directors have filed for strike-off after fulfilling all legal obligations;
entities that have not paid the annual tax within one year from the payment date (this tax is now abolished, however, there may still be businesses affected by it);
investment companies with variable capital can be restored if they failed to submit the special resolution with the Registry in accordance with 2021 Amendment No.3 in the Companies Law.

Clients can rely on our law firm in Cyprus to verify if any of the conditions apply to their companies and file for reinstatement accordingly.

Types of company restoration procedures in Cyprus

There are two types of processes through which Cypriot companies can be restored, namely:

administrative reinstatement;
reactivation by court order.

Administrative restoration is available for the reasons presented above, and it implies completing a few steps.

Below, you will find our infographic on this subject:

Administrative company reactivation in Cyprus

In order to reactivate a Cypriot company through the administrative procedure, the director must gather several justificative documents and file them with the Companies Register.

Here is what these documents are:

form HE64;
financial statements and other accounting documents due before the company was stricken off;
the fees, fines, or other charges imposed by the Register before the strike-off;
proof of payment of the restoration fee;
a consent issued by the competent authority, if any the property or other assets of the company are administered by such an organization.

All these documents must be filed no later than 2 years from the date of the strike-off. Based on them, the Register will reactivate the company.

Company restoration by court order in Cyprus

This procedure can be initiated by:

one of the company directors;
a shareholder or creditor who considered the strike-off unjust or was damaged by the strike-off.

The documents to file in this case depend on the reason the company is being stricken off. Based on them, the Court will decide whether the petitioner has a rightful claim and issue an order for the business to be reinstated. The order must be submitted to the Companies Register, which will restore the enterprise.

Clients can rely on our lawyers in Cyprus for assistance with company reactivation in court.

Here is also a video on this topic below:

Increase in the number of companies in Cyprus

According to a site citing the Cypriot Statistics Office, the number of companies registered in the first quarter of 2025 rose by 16.3% compared to the same period of 2024, as follows: