142 results found

Economies globally are passing through severe turbulence. As if the adverse effects of the pandemic were not enough, the recent crisis in Ukraine and its financial consequences are causing increasing macro...

According to Cyprus Companies Law (Cap.113), every public company must have at least two directors whereas a private company must have at least one director (s.170).

A company may, for a variety of reasons, choose to remove a director from office. In this respect, due consideration should be given to what statutory or constitutional devices are available for...

According to article 261, Part III of the Companies Law (Cap.113) (hereinafter referred to as the "Law"), a company may be wound up voluntarily in the following cases...

In a sequence of official notifications, the Department of the Registrar of Companies and Intellectual Property (TEEDI) has been diligently updating the public...

The companies Cypriot or foreign continue to maintain their legal identity even after their transfer to a foreign country or Cyprus respectively...

As stated in our article "A step by Step Guide for Forming a Company in Cyprus'', on August 28th 2017, incorporating a Cyprus Company is a very simple and easy procedure.

In this publication, we shall examine the notion of "management and control" οf companies as this is applicable in Cyprus and how it affects the taxation of Cyprus and Overseas companies.

The recent dramatic failures in the world of cryptos, compared by some with the "dot com bubble" and "Enron" disasters, highlighted, once more, the importance of rigid rules on and clear understanding of directors' powers, duties, and liabilities, ...

This Article outlines the options available to third country nationals employed by foreign interest companies and the criteria that need to be met.

Over the last years, Cyprus has been actively courting foreign direct investment into the country, offering a number of attractive incentives to establish the island as a world-class destination for international business activity.

Starting a business is an exciting venture, but it comes with numerous legal considerations. In Cyprus, a well-established legal framework...

There is no easy solution, to the problem, which follows from the principle of majority rule, in Company law, that of protecting the minority shareholders from violation of their rights.

Directors exercise extensive powers in the management of their companies, influencing their company's conduct, by virtue of their involvement in the decision making process.

Imagine operating a company, only to find without any warning that the company’s bank accounts have been blocked. The immediate consequence is one of acute disruption and uncertainty. You learn that a winding-up petition has been filed against the company, triggering restrictions that effectively prevent it from carrying out ordinary financial transactions. At that point, a pressing question arises: how is the business expected to continue operating under such constraints?

On September 23, 2016 Law 97(I)/2016 – the third amendment to the Companies Law (Cap 113) – took effect.

Taking advantage of the flexibility provided by EU Directive 2011/61/EU which provides that Members States may apply a lighter regime for sub-threshold AIFMs, a new legislation titled the ...