1. Check the current company name with the Cyprus Registrar of Companies for availability. The name cannot coincide with the name of any existing company in Cyprus. If there is a match, the current company name must be changed.
2. Prepare in Belize a set of company documents required for the change of jurisdiction to Cyprus:
«(a) the application to transfer the corporate seat of the companies to Cyprus is permitted by the laws of Belize; and
(b) the consent of the shareholders, creditors, workers and/or debenture holders of the companies has been taken by such manner or proportion as required by the laws of Belize.»
3. Prepare a set of documents in Cyprus:
• Affidavit from the Directors of the company sworn before court and apostilled, confirming:
• Register of directors signed by the secretary and a Cypriot lawyer;
• Register of shareholders signed by the secretary and the Cypriot lawyer;
• Memorandum & Articles of Association (English and Greek) – submitted unsigned;
• Form НЕ 2 in the case of company name change;
• Translation into Greek of all documents, including those at point 2.
4. File the set of documents with the Cyprus Registrar of Companies
5. Obtain a Temporary Certificate of Continuation from the Cyprus Registrar of Companies which confirms that the Belize company is temporarily registered in Cyprus and can complete deregistration in the country of incorporation within 6 month.
6. Complete the redomiciliation (“discontinuation”) in Belize, submit the necessary documents.
7. Obtain from the Belize Registrar of Companies a Certificate of Discontinuance.
8. Cypriot lawyer submits to the Cyprus Registrar of Companies the original Certificate of Discontinuance, apostilled and translated into Greek, within 6 months of the date of issue of Temporary Certificate of Continuation, together with Form ME4.
9. The Cyprus Registrar of Companies issues a Certificate of Continuation (in English and Greek) confirming the completion of the transfer of an overseas company to Cyprus.
10. Obtain from the Cyprus Registrar of Companies certificates of registered office, directors, shareholders, and the Memorandum & Articles of Association.
As Cyprus companies are required to prepare and file financial statements, we recommend that once a decision is made to transfer the company to Cyprus, prepare management accounts and company books up to the date of redomiciliation.
The management accounts and accounting records made up to the date of change of the company’s jurisdiction will show the incoming balances, which will reduce future accounting and audit costs.
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Services
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Fees (EUR, not including VAT)**
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Supporting the company’s redomiciliation from Belize, including the preparation of a set of documents to change the jurisdiction to Cyprus (outgoing part)
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5 500***
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Supporting the company’s redomiciliation to Cyprus (incoming part), not including the preparation of management accounts, Annual Levy or registered office for the company
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6 500
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Registered office in Cyprus for the first year, including secretary
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1 320
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Preparing management accounts up to the date of transfer of the company to Cyprus
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100 – 400/ hour
(based on time spent) |
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TOTAL:
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from 15 000
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*The fees are valid as of the date of sending of this offer.
**The invoices will include 19% VAT on the services rendered, except Annual Levy and tax payments.
***The fee is indicative. The final fees for redomiciliation of the company to Cyprus and preparation of the necessary set of documents will depend on the policies and requirements of the registered agent that administers the company in the country of incorporation.