Frequently Asked Questions
What documents are needed for re-domiciliation to Cyprus?
You’ll need a resolution from the board, a declaration of solvency, a good standing certificate from the current jurisdiction, and compliance affirmations among other documents.
How long does the re-domiciliation process take?
The timeline can vary, typically a few months, depending on the preparation of the necessary documents and the specific circumstances of your company.
Can any company re-domicile to Cyprus?
Companies from jurisdictions that allow re-domiciliation and have compatible corporate structures can apply for re-domiciliation to Cyprus.
What are the legal implications of re-domiciliation?
Re-domiciliation allows a company to retain its legal identity and history while being subject to Cyprus’s corporate laws and benefits.
Are there any restrictions or conditions that could prevent re-domiciliation to Cyprus?
Conditions include ensuring no ongoing insolvency proceedings, compliance with both jurisdictions’ laws, and the capability to continue obligations under Cyprus law.
What happens after the re-domiciliation process is completed?
The company is issued a permanent certificate of continuation and becomes a full legal entity under Cyprus law, capable of conducting business like any other Cypriot company.
What are the tax benefits of re-domiciling to Cyprus?
Companies benefit from one of Europe’s lowest corporate tax rates at 12.5%, no tax on dividends, and access to a network of double tax agreements.