Liquidating A Company In Cyprus Villas

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There are to ways a company may be liquidated in Cyprus , according to the Company Laws , chapter and the Cyprus Laws: A compulsory liquidation can occur only after a petition is filled and submitted to the relevant Court.



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To read the news in your preferred language, please select it from the drop-down list below. The Title Deed mess affected thousands of expat homeowners, but for those living on the Paradise Hills estate in Paphos it has been particularly brutal since their British developer went bust.

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According to these sections, voluntary liquidation follows the procedure set out below:. The auditors of the Company need to prepare the financial statements as close as possible to the liquidation date.



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In Cypriot Law, insolvency insinuates the procedure whereby a legal entity or a Company which has incurred debts and is unable to pay them is wound up, and the liquidator makes use of its assets in an attempt to indemnify the creditors. Section of the Act provides two methods of liquidation, namely:



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To read the news in your preferred language, please select it from the drop-down list below. The Title Deed mess affected thousands of expat homeowners, but for those living on the Paradise Hills estate in Paphos it has been particularly brutal since their British developer went bust.

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Cyprus in villas Liquidating company a

Liquidating a company in cyprus villas

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