Within the framework of the legislative reform and reorganization of the Cyprus Registrar of Companies, one of the most important amendments that come into force now is the abolition of the 0.6% variable charge on the share capital of a Cypriot company when establishing a Cypriot company and when increasing a Cypriot company’s share capital.
What does it mean for Cypriot Companies?
Cypriot companies intent to make any reorganizations that involve share capital increases will no longer be charged a 0.6% variable charge on their share capital.
The abolition of the variable charge is also expected to encourage Cypriot companies to more frequently undertake general reorganisations and own share capital reorganizations, thus making Cypriot companies more flexible.
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