Cyprus offers a strategic advantage for companies looking to relocate or establish their headquarters within its borders. Under the Cyprus Company Law Cap. 113, transferring a company’s registered office to Cyprus, known as re-domiciliation, allows foreign companies to seamlessly transition their legal base from one jurisdiction to Cyprus and vice versa. This process is viable for companies registered in countries that permit re-domiciliation and whose Memorandum and Articles of Association allow such a move.
Key Benefits of Re-Domiciliation to Cyprus
- Access to a Favorable Tax Regime: Cyprus offers an attractive corporate tax environment, enhancing financial efficiencies.
- European Union Membership: Companies relocating to Cyprus can leverage the benefits of being within the EU, including the ability to merge with other EU-based companies under EU directive 2005/56/EC on cross-border mergers.
- Seamless Transfer of Legal Entities: Businesses can transfer their existing status, including contracts and agreements, maintaining continuity in their operations.
- Competitive Corporate Tax Rates: Cyprus is known for its low corporate taxes, offering significant savings.
- Extensive Double Tax Treaty Network: Minimize taxation on foreign income through Cyprus’s widespread double tax treaties.
- Highly Skilled, Multilingual Workforce: The local talent pool is proficient and diverse, supporting business growth and innovation.
Our firm specializes in handling the entire re-domiciliation process and coordinating with relevant parties in the transferring and receiving jurisdictions. We ensure a smooth transition for companies relocating to or from Cyprus, managing all legal requirements and paperwork. With our experienced lawyers at the helm, businesses can confidently establish their new headquarters in Cyprus without the hassle of tapping into the myriad opportunities the Cypriot landscape offers.
