Restoration of a Company
Restoring a Company by Court Order
A company that has been struck off from the companies register, either voluntarily or involuntarily, can be restored and considered to have continued in existence as if its name had not been struck off.
Any interested party (e.g. director of the company or any of its creditors or anyone who incurred loss or damage before the company’s strike off) may, by submitting a relevant application to the Court, request for a company to be restored. The request must be submitted before the expiration of a period of twenty (20) years from the date the company was struck off.
The Court, upon satisfaction that during the time of its strike off the company carried out business or operated, or that it is otherwise just that the company be restored to the register, will issue a court order restoring the company to the companies register.
The Court may also order, the submission of all pending documents for updating the companies register and, payment of overdue fees to the Registrar of Companies.
An official copy of the court order must be submitted by the interested party to the Registrar of Companies for registration, by hand / post, together with payment of a fee of one hundred and sixty euros (€160). If the accelerated procedure is required an additional fee of twenty euros (€20) must be paid.
Fees are payable in cash, by cheque, via an account maintained with the Department of the Registrar of Companies or via bank transfer. Cheques should be made payable to Registrar of Companies. You are advised to refer to the main criteria of review and to the most common reasons for rejection, so as to acquire a better understanding of what is required and to facilitate the process further.
Provided that the Registrar of Companies is satisfied that all, relevant to the circumstances legal requirements have been met, he will proceed to restore the company, update the companies register and make the relevant publication in the Official Gazette of the Republic of Cyprus. Following the restoration of the company’s name on the companies register, the company is considered to have continued in existence as if its name had not been struck off.
In the event that the company requires the issue of certified copies, it may file with the Registrar of Companies such an application.