As a member state of the European Union since 2004 and with a solid tax and legal system set in place, Cyprus has more than three decades of an international business hub experience. These make the island an attractive jurisdiction for a business entity to relocate. In this article, our lawyers in Cyprus briefly explain how to relocate a business in Cyprus and the benefits that come along with such relocation.
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The re-domiciliation procedure in Cyprus for foreign companies is governed by the Cyprus Company Law, Cap. 113. The law enables a business to transfer its registered office inside, as well as outside of the country. Our Cypriot lawyers can provide further details on this legislation.
The re-domiciliation process in the island is quite straightforward. It is not necessary to start a company from scratch from somewhere else. Also, foreign companies are able to do that without winding-up their legal entities in their countries of origin.
Briefly, the re-domiciliation procedure for foreign companies into Cyprus consists of the following:
Our law firm in Cyprus is committed to providing its client with the greatest quality of service regardless of the field or business they work in. Our legal team is made up of attorneys with experience in a wide variety of legal fields and they are prepared to offer clients individualized counsel and services, all tailored to their needs.
Cyprus presents many advantages for companies which relocate here. Among them, we mention:
If you would like to learn more about the re-domiciliation of companies in Cyprus, or if you need help with relocating your business here, please get in touch with our Cypriot law firm.