Guidance

What happens after strike off

Following the strike off from the companies register, the company is dissolved and all its assets, as well as the rights it possessed before its dissolution (other than assets held by the company on trust for another person), are considered bona vacantia and belong to the Cyprus Republic.

The liability, if any, of the directors, any officer and any member of the company, continues to exist even after the company’s strike off and, may be executed as if the company had never been dissolved.

Any interested party (i.e. company or any member of the company, or creditor) that is dissatisfied from the strike off of a company, or has sustained loss or damage before the company’s strike off, can request for the restoration of the company by applying to the Court, up to a period of twenty (20) years from the date of the company's strike off.