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CROSS BORDER MERGER

A company which is registered in Cyprus can participate in a cross-border merger with the exception of limited liability companies by guarantee and companies under liquidation.

EU Directive 2017/1132/EC ( “Directive”) provides for cross-borders mergers, namely the merger of two or more limited liability companies incorporated and governed under the laws of different EU member states. Cyprus has incorporated the requirements and procedures of the Directive into articles 201I-201X (Greek 201Θ-201ΚΖ) of the Cyprus Companies Law Cap113 (the “Companies “ law)

 

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