Guidance

Filing the draft terms and holding a general meeting

The board of directors draws up the draft terms which is sumbitted with the Registrar of Companies and it is published according to the Cyprus Companies Law.

Registering draft terms

You may submit the form for the proposed transfer of SE outside Cyprus (form ED6(I)), by hand/post, accompanied by a copy of the draft terms and by paying the fee of twenty euros (€20) and an additional fee of twenty euros (€20) in case you wish to accelerate the procedure.Fees are payable in cash, by cheque, via an account maintained with the Department of Registrar of Companies or by bank transfer. At the same time, the draft term is sent at the email address eachilleos@drcor.meci.gov.cy.

You are advised to refer to the Explanatory Notes of form ΕΔ6 (Ι), so as to acquire a better understanding of what is required and to facilitate the process.

Provided that the Registrar of Companies is satisfied that all relevant legal requirements have been met accordingly he will proceed with the registration of SE draft terms transfer outside the Republic of Cyprus and to the relevant publication to the Official Gazette. 

Αs from February 12^th, 2021, the redesigned form ΕΔ6(Ι) has been implemented.  

Holding a general meeting

At the same time, the board of directors prepares a report whereby explaining and justifying the legal and economical aspects of the transfer as well as the consequences to the shareholders, creditors and employees.

The shareholders and creditors of the European company are entitled to obtain and review the draft terms and the report at least one month before the general meeting decision for the transfer of the European company’s registered office address outside the Republic.

The decision for transfer of a European company’s corporate seat outside the Republic is taken at least two (2) months after the draft terms publication, authorized by a majority of not less than three quarters (3/4) of the members entitled to vote.