Initial and Relevant Obligations of a European Economic Interest Grouping (EEIG)
Officers
An officer of a European Economic Interest Grouping (EEIG) includes a person appointed as director or authorised by a director, who assumed in writing the exercising of the authority provided or other person whose position and duties are expressly provided by the EEIG contract.
The management of an EEIG with seat in the Republic of Cyprus may be exercised by:
- one or more natural persons appointed as directors by the contract of formation or decision of its members;
- legal person, provided it appoints one (1) natural person to represent it.
The conditions of appointment and revocation, as well as their powers, are determined by the contract of formation or by unanimous decision of the members of EEIG.
Any director acting in the name of the EEIG binds the EEIG against third parties.
It is noted that the officers of EEIG must be eighteen (18) years of age and above.
Details regarding the first officers of an EEIG are notified to the Registrar of Companies while applying for its registration by completing and filing form ΕΟΟΣ3.
After the incorporation of an EEIG with seat in the Republic of Cyprus, the appointment, and the change to the details of, an officer is notified to the Registrar of Companies by completing and filing form ΕΟΟΣ3. The termination of an officer / officer’s representative of an EEIG is notified to the Registrar of Companies by completing and filing form ΕΟΟΣ6.
At the same time, in case of an EEIG with seat outside the Republic of Cyprus, the appointment, the change of details and termination of an officer is notified to the Registrar of Companies by completing and filing form ΕΟΟΣ4.
