Branching out: establishing a place of business in Republic of Cyprus

By Nick Tsilimidos, Papaphilippou & Co

Any overseas company, wherever incorporated, may establish a branch in the Republic of Cyprus through which it may channel its activities. The establishment of a branch of an overseas company in Cyprus does not constitute the creation of a new legal entity that is separate and distinct from the overseas company.

Nick Tsilimidos L. Papaphilippou & Co 律师 塞浦路斯 Advocate L. Papaphilippou & Co Cyprus
Nick Tsilimidos
L. Papaphilippou & Co

On the contrary, a branch presupposes and requires the existence of an overseas company in a jurisdiction other than Cyprus. The directors, secretary and other officers of the overseas company, and its registered office, as they exist in the country of incorporation, will remain unchanged.

With filings confined to the notification of certain particulars relevant to the structure of the overseas company as they exist in the country of incorporation, formalities and documentation pertinent to the registration of a branch with the registrar of companies in Cyprus are considerably less.

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