What Is Redomiciliation?
Redomiciliation is the process of moving a company from one jurisdiction to another while maintaining its legal identity. In Cyprus, this allows foreign companies to transfer to Cyprus and the opposite without the need to close down before moving.
Benefits of Redomiciling to Cyprus
- Maintain business continuity
- Keep existing contracts, licenses, and bank accounts
- Benefit from Cyprus 12.5 % corporate tax rate
- Access to EU single market
- Enhanced credibility with EU compliance
Eligible Companies
Not all jurisdictions allow redomiciliation. The country of origin must permit outward redomiciliation,.
Process of Redomiciliation to Cyprus
- Apply to the Registrar of Companies with necessary documents.
- Obtain temporary certificate of continuation in Cyprus.
- Deregister from the country of origin.
- Once Certificate of Deregistration is obtained from the country of origin, receive final certificate of continuation in Cyprus.
Timeline
Usually 2–3 months, depending on documentation and country of origin.
FAQs About Redomiciliation Cyprus
Do I need to liquidate my foreign company?
No, redomiciliation allows continuity without liquidation.
Can my company keep its original name?
Yes, subject to approval by the Registrar.
Is redomiciliation cheaper than forming a new company?
It depends—redomiciliation can save costs if you want to maintain your company’s history and licenses.
You can find more about Redomiciliation by clicking here.
