If you have decided to have your company struck off, Y. Argyrides & Associates LLC is capable of supporting you all through the process, which entailsthe following steps:
- Strike-off happens to be the simplest method as the company is not dissolved formally, it is only struck off from the companies’ register; no court proceedings are involved and the company is likely to be reinstated later, unlike what obtains when there is liquidation.
- To have the strike-off process completed, the company’s financial statements have to be prepared and submitted along with the necessary return of income tax to the Cyprus Tax Authorities. Then, the latter will give a Tax Clearance Certificate to the company; provided that it has settled any tax liabilities.
- All of the company’s directors must attest to a Declaration of Solvency (affidavit) that serves to confirm that the company has neither assets nor liabilities, that is, it is capable of settling its entire debts, and is no undertaking business activities.