Cyprus: Shareholders

Cyprus company redomiciliation transfers a foreign company's registered office to Cyprus without dissolving it, preserving legal identity, contracts, assets and trading history. The process requires careful analysis of tax implications, asset valuation rules under Article 33B(3), and substance requirements to determine whether continuation is commercially worthwhile compared to incorporating a new Cyprus entity.

Cyprus has become a well-known jurisdiction for international entrepreneurs and investors who wish to establish companies within the European Union.

In Cyprus, two longstanding tax mechanisms, Special Defence Contribution (‘SDC') and Deemed Dividend Distribution (‘DDD')...