Many times I get asked the question, usually from minority shareholders, what are my rights as a shareholder? There is a simple answer and a more complicated one. In this article I will list the basic rights of a shareholder, usually referred to as personal rights, in a private limited company. Right to be on […]
Current developments in the Cyprus Banking sector.
As at July 2019. I am publishing this article as additional guidance to our clients that operate a bank account through a company in Cyprus or wish to open a new one. I have divided my article to two main headings. Opening a bank account with a commercial bank and Opening a bank account with […]
Voluntary Liquidation of a Cyprus Company.
A Cyprus company is can be liquidated in two ways: By voluntary and involuntary liquidation. Voluntary liquidation. Voluntary liquidation can take two forms: voluntary liquidation by shareholders or voluntary liquidation by creditors. This article examines the procedure for voluntary liquidation by shareholders i.e. where the shareholders of a company decide voluntarily to dissolve the company. […]
What are beneficial shareholders and how are they secured under Cyprus law?
Cyprus law recognizes the concept of trust both under statute and in equity. Under this concept it is possible for someone to hold the legal title of a property for the benefit of a third party. So to take the example of shares in a private company. The registered owner of the shares may hold […]
Cyprus company strike off.
A company is a legal person. As such it has what is called “perpetual succession”. In other words it never dies. The question offers arises how a company can be dissolved or be “killed”. In most common law jurisdictions there two methods: One is called “strike-off” and the other “liquidation”. We shall examine each in […]