April 2, 2020

Re-domiciliation of Foreign Companies to Cyprus

Foreign companies which are incorporated and they are currently operating in a different jurisdiction can transfer their seat to Cyprus and at the same time companies established in Cyprus can relocate their seat abroad as per the provisions of the Companies Law, CAP 113. Following the re-domiciliation, foreign companies that redomicile their seat to Cyprus can continue to exist and operate under the laws of Cyprus and cease to exist under the jurisdiction of incorporation.

Foreign companies can redomicile for various reasons including among other to take advantage of the Cyprus favorable tax regime. Foreig...

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