Following the adoption of the EU Merger Directive under the Cyprus Tax legislation, company reorganizations are enabled.
Having both a local as well as a cross-border element, Cyprus has become a popular destination for mergers and acquisition transactions.
The relevant provisions of the Cyprus tax legislation allow the following types of reorganization:
- Merger;
- Division;
- Partial division;
- Transfer of assets;
- Exchange of shares;
- Transfer of registered office;