Share Premium

This practice memo describes the legal and practical considerations of “share premium” in connection with Cyprus private companies. It describes, inter alia, the nature of “share premium”, the obligations to maintain a share premium account, the legal and practical requirements for issuance and redemption of shares at a premium, the permitted uses and treatment of share premium, capital duty on share premium, the legal and practical requirements on the reduction of share premium, filings, timeframes, indicative fees and other relevant matters. It goes further to include an elaborate step plan of the aforementioned processes together with a description of relevant documents.

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