Our Associate, Michalis Anastasiou, has authored a comprehensive and thought-provoking article examining the legal and practical complexities of company redomiciliation to and from Cyprus.

While Cyprus is widely recognised as a redomiciliation-friendly jurisdiction under the Companies Law, Cap. 113, Michalis highlights that the process is far from a simple administrative exercise. Although the statutory framework preserves legal continuity, redomiciliation frequently exposes companies to heightened regulatory, tax and compliance scrutiny.

In his article, Michalis addresses key issues including:

• The statutory continuation regime under Sections 354A–354I of Cap. 113
• The risks of assuming automatic operational continuity
• The importance of confirming outward migration rights in the original jurisdiction
• Corporate governance adjustments required under Cyprus law
• Beneficial ownership transparency and UBO disclosure obligations
• Economic substance and tax residency considerations
• Banking and compliance challenges following continuation
• Cross-border tax exposure, including exit taxation and loss utilisation
• Director duties and creditor protection when migrating out of Cyprus

He emphasises that redomiciliation should be treated as a strategic corporate restructuring exercise requiring careful coordination across legal, tax and regulatory disciplines. When properly structured, it offers flexibility and continuity; when approached casually, it can amplify risk.

Redomiciliation is not merely a procedural formality, it is a legally consequential decision that demands foresight, diligence and expert guidance.

Well done Michalis!

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Our legal team can assist you in navigating the redomiciliation process to or from Cyprus, ensuring full legal, regulatory and tax alignment at every stage.