Guidance

Concurrent with the submission of the common terms at the Registrar of Companies, each of the merging companies draws up a directors’ report and an independent expert’s report, which are made available not less than one (1) month before the date of the general meeting where the cross border merger shall be approved.

Provided that the draft terms of the cross border merger are approved at the general meeting of each merging Cyprus company then each Cyprus company applies to the District Court where its registered office is located, for approval of the procedure to this stage.

At the same time, the merging companies which have been incorporated in member states within the Community or within the European Economic Area, must secure a pre-merger certificate which must be delivered to the Cyprus absorbing/acquiring/newly incorporated company.

Followingly, once the said pre-merger certificates are received, the Cyprus absorbing/acquiring/newly incorporated company submits an application to the District Court where the company’s registered office is located, requesting the issue of a court order approving the completion of the cross border merger.