|Redomiciliation of Foreign Companies|
As from 2006 the Companies’ Law Cap. 113, was amended to allow:
A foreign company registered in a country which allows re-domiciliation and whose Memorandum and Articles of Association provide for the possibility of re-domiciliation, may apply to the Registrar of Companies in Cyprus to be registered in Cyprus as a continuing company pursuant to the provisions of the Companies Law Cap 113.
Companies which offer licensed activities under certain provisions of the law in their jurisdiction and for which similar licenses are required in Cyprus, must produce relevant consent for their re-domiciliation by the proper authorities of their country.
In case the foreign company is a public company, then the following must be produced:
The prospectus of the foreign company, once the shares have been offered to the public if it is listed on a Stock Exchange, evidence of consent of the foreign stock exchange allowing re-domiciliation in Cyprus must be provided list of present shareholders duly certified.
From the date of issuing the temporary registration certificate, the foreign company:
Within six months from the issue of the temporary registration certificate, the foreign company must present evidence to the Registrar of Companies that it has been permanently removed from the register in the country of initial incorporation.