13
Dec
-
15
Dec
2023

Redomiciliation of Companies in and out of Cyprus - Practical Application

FROM
130
162
6 Verified CPD Points
Duration:
6
HOURS
Language:
English
Georgia Onoufriou
Apply now
description

COURSE DESCRIPTION

Redomiciliation is the process of transferring a company's domicile from one jurisdiction to another. In the case of Cyprus, redomiciliation refers to the process of transferring a foreign company's domicile to Cyprus.

The redomiciliation process in Cyprus is governed by the Companies (Transfer of Registered Office) Law of 2007, which allows companies to redomicile to Cyprus from any other jurisdiction, and also allows Cypriot companies to transfer their domicile to other jurisdictions

This  course looks at the key issues, the problems that need to be addressed and the  drafting skills involved in relation to redomiciliation of companies in and  out of Cyprus. The  course will be interactive, based on realistic case studies and incorporating  specific drafting suggestions and precedents. You will be guided on  the meaning, legal implications and significance of the Law regarding the  process of transferring a company’s headquarters inside and outside the  Republic of Cyprus. You  will be provided with specimens such us special resolutions, newspaper  announcement, Board Resolutions etc. You  will gain expert knowledge enable you to improve your knowledge and  understanding redomiciliation process by engaging with key issues.

This  seminar is practical and is taught by highly experienced lawyer expert in all  areas of corporate law.

Aims of the Seminar

  • To develop skills regarding when the transfer of headquarters should take place within and  outside the Republic of Cyprus.
  • To develop skills regarding the preparation and writing of the necessary documents and the  correct procedures that should be followed for transfer in and out.
  • To develop skills regarding the interpretation of the Law and the various important court cases  concerning the transfer of a company's registered office within and outside the Republic of Cyprus.
  • To develop skills regarding client information and what they should advise their client.
  • To support their position with reference to the legislation of the Republic of Cyprus.
  • To apply the legal principles regarding the Law regarding the transfer of a company's registered office inside and outside the Republic of Cyprus.

 

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CONTENT

course content

Dates and times

13/12/23: 16:00 - 19:00

15/12/23: 16:00 - 19:00

Course content

Content

1.   Practical aspect of Re-domiciliation inside the Republic of Cyprus

 

a.    Introduction to the program

b.    Introduction of the trainer

c.    Introduction of trainees

d.    Definition of re-domiciliations and types of re-domiciliation briefly (business or headquarters)

e.    Legal framework – Cyprus and EU

f.     Which stakeholders’ interests might be affected by a re-domiciliation

g.    Why re-domicile in Cyprus

h.    Establishing substance

i.     The very first steps that a lawyer must take when receiving instructions for re-domiciliation

j.     Describe the two-step procedure that should be followed in the Registrar of Companies; i.e. 1. procedure up to the issuance of the Temporary Certificate of Continuation and 2. procedure after the issuance of the Temporary Certificate of Continuation

k.    Actual costs of the Registrar of Companies

l.     Presentation of the forms (ME1 and ME4) that need to be filed with the Registrar and advise trainees how to complete them

m.  Examples of documents that a company the ME1 and ME4 forms.

n.    Case studies and practical exercises

 

2.    Practical aspect of Re-domiciliation outside the Republic of Cyprus

 

a.    The very first steps that a lawyer must take when receiving instructions for re-domiciliation

b.    Documents that should be obtained from the client before initiating the re-domiciliation procedure

c.    Describe the procedure in the Registrar of Companies for obtaining the Certificate of Consent

d.    Actual costs of the Registrar of Companies

e.    Presentation of the form ME2 that needs to be filed with the Registrar and advise trainees how to complete it

f.     Examples of documents that a company the ME2 form

g.    Examples of the newspaper publications required by law

h.    What are the legal gateways of creditors that do not consent to the re-domiciliation

i.     Discuss the EU legislation and case law

j.     Case studies and practical exercises

suitable for

Lawyers

Accountants

Corporate Administrators

Book-keepers

Consultants

Compliance Officers

Corporate Service providers

Accountants

Auditors

Financial advisors

Government and regulatory officials

COURSE PREVIEW

HAVE A LOOK
INSIDE THE COURSE

details

course details

Methodology

This course will be online via zoom.

Funding

Admission Requirements

To be admitted to this course, you must have a basic understanding of corporate law and procedure

Who is this aimed at

Lawyers

Accountants

Corporate Administrators

Book-keepers

Consultants

Compliance Officers

Corporate Service providers

Accountants

Auditors

Financial advisors

Government and regulatory officials

Certificate Awarded

Each participant who successfully completes the course, will be obtain a certificate of attendance.

Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Georgia Onoufriou

Mrs. Georgia Onoufriou is a qualified lawyer in the Republic of Cyprus and holds an MSc in European Policy Law and Management from The Robert Gordon’s University of Scotland, an LLB from the University of London and a degree in Political Science and Public Administration from Ethnikon Kapodistriako University in Athens. From 2005-2021, she worked for the Group of Companies Pagecorp, provider of global company, administrative, secretarial and other services which is connected to the law firm Patrikios Pavlou and Associates LLC. Since working at this firm, Georgia steadily worked her way through the company ranks and held the title of Head of Corporate Department and Data Protection Officer. She was tasked with the supervision of all Senior Administrators and managing client portfolios within the department. In addition to this challenging role, Georgia was further tasked with the corporate administration of companies, the drafting and execution of commercial contracts and creation of trust structures. Retention of clients, lead generation and drafting of legal opinions also make up an important part of her role.

MORE ABOUT INSTRUCTOR
COLLABORATORS

ADDITIONAL INSTRUCTORs

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frequently asked
questions

QUESTION 01

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

QUESTION 02

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

QUESTION 03

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here.

QUESTION 04

Will I receive the notes for the lesson and have access to recordings?

Yes, you will be given the course materials through an online platform and you will be allowed to download and keep the course materials and specimens for certain courses. Recordings will also be available in the drive for three months.

testimonials

testimonials for this course

The following testimonials are from other professionalis who have attended this course.

No testimonials available for this course at this time.

frequently asked
questions

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

Can I download course notes and materials?

No, course notes and materials are not available for download. We take the security and integrity of our course content seriously, and access to course materials is restricted to registered participants who are actively enrolled in our programs. This policy helps protect our intellectual property and ensures a high-quality learning experience for all students.

Will you register my CPD points for me?

Yes, our admin team will make sure that your CPD points are registered with the Cyprus Bar Association immediately after the end of the seminar.

Do all of your courses offer verified CPD points for lawyers?

Yes, the majority of our courses are approved by the Cyprus Bar Association and offer verified CPD points for lawyers. You should visit each course page to determine which courses offer Verified CPD points. Of course, you can contact us for more information.

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

Do you offer any discounts?

Yes, discounts are available for those participants not entitled to HRDA subsidy (for subsidized courses)

Do I have to be a lawyer to attend your seminars?

No, you do not have to be a lawyer to attend our seminars. However, if the course is HRDA accredited, we must review your CV to ensure that you are able to attend the course that has been accredited.

Do you only have seminars for lawyers?

No, we are consistently updating our seminar library. We offer courses to paralegals, corporate administrators, accountants, compliance officers etc. The law is all-encompassing, and many professionals find the contents of our courses useful for their work. We also offer courses to people who are unemployed or looking to change professions. You should contact us to discuss which courses are right for you depending on your experience and professional goals.

How does course funding work?

Every employer in Cyprus is obliged by law to contribute 0,5% of their total payroll costs to the fund (the law allows to set up a rate of up to 1%). The rate is the same for all contributors (all companies except government organisations and self-employed). The money is collected via the social insurance
mechanism.

In order to register for a course, your employer should apply to our training centre to register for the course, using the enrol now button on the course page. Once we receive your application, we will contact you to confirm your status on the ERMIS platform of the HRDA. We will guide you through the application process to enable you to register on the ERMIS platform for the course you are interested in.

We will then approve your application from the ERMIS portal and then confirm your registration. Once the course is completed, we will apply to the HRDA to receive your funding for the course in question. We receive your funding directly from the HRDA.

The maximum hourly grants are as follows:


Level 1: 12€/hour/person, Level 2: 17€/hour/person.

The two levels of participants are defined as: - Level of participants 1: a) for technical skills and knowledge: key personnel as craftsmen, laborers, clerical staff, service employees; b) personal skills: key personnel such as craftsmen, laborer’s, clerical staff, service employees, supervisory/managerial staff - Level of participants 2: a) specialized professionals/technical knowledge and skills: technical/science/ supervisory/managerial staff; b)supervisory/managerial knowledge and skills: supervisory/managerial staff; c) specialized/innovative topics: managerial and scientific staff.

Following the de minimis aid Council Regulation 1407/2013, a company cannot receive more than €200,000 in a three-year time horizon. If you have received more than this amount you will not be eligible for funding and will be called to pay the full amount of the course fee.

In order to receive funding you should visit our Terms and Conditions for receiving HRDA funding and read them carefully. Participants should also follow the instructions of the Center and the trainer alike.

Failure to follow instructions or if you do not satisfy the criteria can result in you not being funded for a course and subsequently not receiving the funding. You or your employer are responsible for ensuring that you will receive the funding for your participation in a course.

What happens if I do not have Ermis portal access?

If you do not have Ermis portal access unfortunately you will not be able to participate in an HRDA-funded course. You will however, be able to participate in a course that is not HRDA accredited.

What if I apply for funding and then am rejected by the HRDA?

In order to receive funding the student/employee must be present at his desk, on his own computer with a working camera. Cameras must remain on throughout the seminar. The student must also have a working microphone.  Should the student/employee not attend the seminar 75%, not have the camera on during the sessions, not have a working microphone or not follow instructions regarding the use of the online ERMIS Register he/she will not be eligible for funding and ELTC may request payment of the full fee from the employer.

What is HRDA funding?

When you join a seminar that is HRDA accredited and funded, you are able to be funded for up to 80% of the course fee. When a course is accredited by HRDA, it means that the course has been examined for its quality and structure. The Human Resource Development Authority of Cyprus (HRDA) sets maximum subsidy levels. Maximum subsidy levels are calculated as follows: maximum subsidy level= number of employees x duration of training programme x hourly subsidy per participant. In fact, for level 2 courses, the HRDA subsidizes 17 euros per hour per employee and for level 1 courses 12 euros per hour per employee. Contact us to find out if you are eligible for funding and for information on our funded courses.

What is Ermis?

ERMIS is the new digital platform of the HRDA which covers all operational needs and services by the HRDA using modern information communication technologies while reducing bureaucracy and operational/administrative costs. The digital portal provides easy access to all schemes and systems operated by the HRDA, with simple, user-friendly procedures, guiding the user through the registration process as well as the submission of applications, their processing and progress monitoring, including the payment of subsidies.

At this stage, the digital portal allows external users to register as an entity (physical person, legal entity, consortium, government body), under each user’s particular status (employer, trainer of vocational training, vocational training facility, vocational training centre and centre for assessment of vocational
qualifications).

How can I access course materials and resources?

Registered participants will receive access to our course materials and resources through our online learning platform. These materials are designed to complement the live sessions and help you reinforce your understanding of the topics covered. If you have any questions or encounter any difficulties accessing these materials, please reach out to our support team, and they will be happy to assist you.

ENROLL NOW

options for all professionals

HRDA

13
Dec
-
15
Dec
2023
232
130

Redomiciliation of Companies in and out of Cyprus - Practical Application

6 Verified CPD Points
Duration:
6
HOURS
Language:
English
Georgia Onoufriou
apply NOW

INDIVIDUAL

13
Dec
-
15
Dec
2023
232
162

Redomiciliation of Companies in and out of Cyprus - Practical Application

6 Verified CPD Points
Duration:
6
HOURS
Language:
English
Georgia Onoufriou
apply now

TEAMS

13
Dec
-
15
Dec
2023
CUSTOM

Redomiciliation of Companies in and out of Cyprus - Practical Application

6 Verified CPD Points
Duration:
6
HOURS
Language:
English
Georgia Onoufriou
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