Voluntary Dissolution and Liquidation Services in Cyprus

At Fiduciara Law Firm, we specialize in guiding businesses through the process of voluntary dissolution and liquidation in Cyprus. Our dedicated team offers comprehensive legal support to help clients manage every step of the closure process, ensuring compliance with local regulations while prioritizing efficient, clear communication.

What is Voluntary Dissolution?

Voluntary dissolution is the formal process by which shareholders of a solvent company decide to close the business, settle all obligations, and distribute any remaining assets. This approach is typically chosen by businesses that have fulfilled their purpose, are no longer financially viable, or wish to release shareholders from future liabilities.

Why Consider Liquidation?

Liquidation goes beyond simply closing a business; it’s a structured process to settle any outstanding obligations. By pursuing voluntary liquidation in Cyprus, businesses can:

  • Ensure creditors are paid in a fair and transparent manner.
  • Distribute remaining assets to shareholders.
  • Resolve all outstanding legal and financial matters with a clear, compliant approach.

Types of Voluntary Liquidation in Cyprus

Cyprus offers two primary types of voluntary liquidation:

  1. Members’ Voluntary Liquidation (MVL): Applicable for solvent companies where assets exceed liabilities. This process is initiated by a shareholder resolution and managed by a licensed liquidator.
  2. Creditors’ Voluntary Liquidation (CVL): Aimed at companies that cannot meet their liabilities, initiated by shareholders with input from creditors.

The Process of Voluntary Dissolution in Cyprus

  1. Shareholder Resolution: The process begins with a formal decision by shareholders, with a special resolution passed in favor of dissolution.
  2. Appointment of a Liquidator: A licensed liquidator is appointed to manage asset distribution, pay outstanding debts, and complete necessary documentation.
  3. Settling Financial Obligations: Fiduciara ensures that all legal and financial obligations are met, including notifying the Cyprus Registrar of Companies.
  4. Final Distribution and Deregistration: Upon approval, remaining assets are distributed to shareholders, and the company is formally deregistered.

Why Choose Fiduciara Law Firm?

At Fiduciara, we understand that dissolving a business is a significant decision, and we approach each case with personalized, expert guidance. Our services include:

  • Legal Compliance: We keep clients fully compliant with Cypriot laws, ensuring a smooth, problem-free process.
  • Efficient Communication: Fiduciara’s team handles all aspects of dissolution with transparency, keeping stakeholders informed every step of the way.
  • Tailored Solutions: Our approach is customized, taking into account each company’s unique needs and financial obligations.

Get in Touch

If you are considering voluntary dissolution or liquidation in Cyprus, Fiduciara Law Firm is here to support you. Our team is dedicated to helping businesses close smoothly and in full compliance with local requirements. Contact us to learn more about how we can assist with your company’s voluntary liquidation and dissolution needs.