The laws of the country in which the foreign company is registered must allow the re-habitation process and allow the foreign company to continue to exist as a company registered in Cyprus;
The foreign company’s incorporation documents (articles or memorandum of association) must contain a continuance provision that allows the foreign company to continue to exist under the legal regime of another jurisdiction. If no such re-habitation provision exists, the M&AA memorandum and articles of association must be amended to include such a provision;
If the foreign company carries out a licensed activity in a foreign jurisdiction, it will greece mobile database need to present evidence of the license and satisfy the local licensing criteria for the relevant activity in Cyprus;
Cyprus law does not recognize bearer shares, so after the authorized share capital of a foreign company is transferred to Cyprus, the shares must be registered;
The name of the foreign company under which it will continue in Cyprus must end with the word ''Limited''. Therefore, it will be necessary to select possible names with which the foreign company will be able to continue to exist after its re-establishment in Cyprus. An application needs to be made in advance to the Cyprus Registrar of Companies to obtain approval of the proposed name/s. The approval will be valid for 6 months from the date of issue.
Resettlement in Cyprus
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