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Minority or deadlocked shareholders in a Cypriot company may become oppressed, defrauded or unfairly prejudiced by the controlling or majority shareholders.

On 16 December 2024, the Department of Registrar of Companies and Intellectual Property issued a public announcement on the significant changes to the framework governing the Beneficial Ownership Register.

There is no need any more to list exhaustively the objects in the Memorandum of Association of a company and instead a company can be incorporated as a commercial company of general objects.

It seems that one of the latest buzzwords in the field of international tax planning is "substance". The term "substance" is frequently used to indicate real/physical presence of legal entities in their country of tax residence, as opposed to the use of the so called "shell" or "conduit" companies for obtaining certain tax, or double tax treaty, benefits.

The Cyprus Tax Department has issued a circular(1) explaining changes to value added tax (VAT) for persons who are appointed as directors or other officers of companies.

The Cyprus Department of Registrar of Companies and Intellectual Property announced that it would be commencing the phased implementation of the final version of the new electronic Beneficial...

A limited liability company can be incorporated provided that one or more persons have signed the memorandum and the articles of this company and have agreed that they will hold shares in this company.

It is a well-known fact that the supervisory board of a bank can replace a managing director. Supervisory boards of banks of all sizes regularly utilize this option.

Incorporate an entity in Cyprus.

When thinking about registering a company in Cyprus, there are several important factors to consider. Here are some key points to keep in mind:

Relocating a Company to Cyprus has become more attractive through the introduction of the framework known as the Fast-Track Business Activation mechanism.

The company secretary in Cyprus serves as a mandatory officer for private limited liability companies, functioning as far more than an administrative role. This position bridges corporate governance, regulatory compliance, and operational efficiency, maintaining statutory frameworks while supporting directors in ensuring corporate actions are properly executed and recorded.

substance requirements for insurance agents and insurance brokers companies here in Cyprus As explained in many videos Cyprus is very relaxed as far as substance is concerned with these regulated activities...

As in the case of Prudential Assurance Co Ltd v Newman Industries Ltd (no2) [1982], only a company can sue for wrongs done to the company.

In the very recent decision of Re Mosaica Investments Limited, Petition No. 573/2022 DC. Nicosia, Interim Decision dated 21.02.2023, the Cypriot Court...

Although holding virtual meetings has been permitted by Cyprus legislation since 2015, it is not the customary practice among Cyprus public or private companies.

A common occurrence relating to private limited liability companies in Cyprus and indeed throughout the world, is a disagreement arising between the shareholder(s) of the company and the directors...