Guidance

Voluntary Liquidation of EEIG

An EEIG can proceed with voluntary liquidation by the unanimous decision of its members, unless its agreement specifies a different majority, in the following cases:

• the duration of EEIG as specified in the agreement has expired;
• an event has occurred for which the dissolution of the EEIG is provided for in the contract of formation;
• its object of incorporation has been achieved;
• its object of incorporation has become unattainable.

Furthermore, an EEIG can be dissolved by the decision of its members or of the remaining member, where it does not meet its composition requirements.

Following the EEIG’s dissolution by decision of its members, the directors/managers are obliged to proceed with the relevant notifications by submitting the notification of documents and details of EEIG (form ΕΟΟΣ4). For further information, you can refer to the webpage of the Insolvency Service.

Upon completion of the procedure of voluntary liquidation of an EEIG, the Registrar of Companies publishes its strike off in the Official Gazette of the Republic of Cyprus and notifies its strike off to the Publications Office of the European Union.