Streamlining of company forms and procedures

A number of company forms and procedures, including those related to the transfer of seat of companies to and from Cyprus, have been revised and updated in accordance with the Companies (Fees and Rights) (Amendment) Regulations of 2018. In addition, the capital duty of 0.6% which was previously payable on the authorised share capital of companies on incorporation and on any subsequent increase in authorised share capital has been abolished.

These changes make Cyprus even more attractive than before as a venue for the incorporation and domiciliation of companies.

For further information on this matter please contact Demetris Roti or your usual contact at Elias Neocleous & Co LLC.