LAW INSIDER

On 15 March 2024, Companies Law (Amendment) (No. 3) of 2024 (L. 26(I)/2024) (the “Amendment Law”) amended the Cyprus Companies Law, Cap.113 (the “Companies Law”), transposing into domestic law the provisions of Directive (EU) 2019/2121 (the “Mobility Directive”) which amended the Directive (EU)...

It is possible by the Cyprus Companies Law, Cap. 113 (the “Companies Law”) provides for the possibility of the redomiciliation of a Cyprus Company outside of Cyprus under the laws of another foreign jurisdiction. The Law states that a Cyprus Company wishing to redomicile should apply to the Registrar of Companies...

Introduction Following the transposition of the Fifth AML Directive into the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007 to 2019 (the “Law”), which introduced the register of UBOs of companies and other legal entities accessible to the general public, the legislative...