€140 - €280
Live Online
7 CPD Units | 7 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
The purpose of this programme is to examine the various matters related to corporate mobility as inextricably linked to the freedom of establishment of legal persons, fundamentally enshrined in primary European Union law.
However, at the same time, corporate mobility is also imposed by modern cross border trading conditions largely due to the constant pursuit of the most favourable tax regime for the legal entity. The questions arising are therefore whether the transfer of the legal person’s seat is permitted and, if possible, whether such transfer can be achieved while continuing its legal personality. The answer to these questions raises private international law issues since the change of seat (real or legal) is linked to more than one legal order by definition. Hence, it is necessary to determine the law on the basis of which the answer to those questions will be given.
In this sense, In Cyprus, the enactment of rules on the cross-border transfer of a company’s “real” or “statutory” seat rests largely with national legislation, in the absence of EU harmonization, by laying down rules on the procedure to be followed aiming at the protection of creditors, shareholders and staff, as well as at combating abusive practices.
Training Objectives
Upon completion of the seminar, participants will be able to:
Analyse, comment, and discuss issues related to corporate activity and re-domiciliation practices that companies are adopting in order to achieve the most favourable tax solution possible.
Analyse, comment, and discuss issues of interpretation and application of the rules by Cyprus national courts, while at the same time ensuring a form of “certainty” for companies, as conflicts of laws rules will continue to play a key role as long as the variety of substantive corporate laws continues without a solid legislative approach on the matter of cross-border transfer of a company’s seat
Analyse, comment, and discuss ongoing efforts for establishing a modern and efficient company law and corporate re-domiciliation framework by the Cyprus Registrar of Companies not only for European undertakings but also for other stakeholders, to improve the business environment in Cyprus.
Analyse, comment, and discuss issues of activation of a parent company through its subsidiary or through its permanent establishment abroad
Analyse, comment, and discuss possible solutions that could be given to the problem posed by the multitude of links, as highlighted by national conflict rules, in the field of company law, which directly affects the tax treatment of foreign companies.
Analyse, comment and discuss the impact of cross-border mobility of companies on national tax systems through the artificial erosion of their tax base due to abusive transfers of a company’s seat in an effort to find the most favourable tax environment for the company.
Training Outline
General Legal Framework of the Company Mobility
Legal basis for company law activities
Freedom of establishment
Conflict of laws
Secondary law applicable to companies
Company Seat Transfers Within The EU
The concept of cross-border seat transfer
The Court of Justice jurisprudence
Alternative options
Cross-border merger Directive / Cross-border Reversed merger
Facts of the re-domiciliation
Analysis
Societas Europaea (SE) Regulation
Main characteristics of SE
Establishing an SE and its capital requirements
The Transfer of Seat of the SE
Employee involvement in the affairs of the SE
Corporate government structures
SE comparison with others European level corporate forms
The Cyprus Legal System and the Transfer of Registered Seat
Registered seat in Cyprus
The Cyprus firm registration rules in the light of ECJ decisions
The transfer of a registered seat from Cyprus
The transfer of a registered seat to Cyprus
Cyprus corporate tax consequences of the transfer of a seat
Transfer of a seat and the liquidation without legal succession
Transfer of residency as a result of the transfer of a registered seat
Recommendations
Who should attend
Financial and banking institutions officers
Internal Auditors/Accountants
Internal Lawyers
Company Directors
Legal Secretaries
Office Managers
Compliance Officers
Training Style
The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar occasions.
CPD Recognition
This programme may be approved for up to 7 CPD units in Law and Corporate Administration. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Demetris Savvides
Demetris Savvides holds degrees in law, management and criminology and has been a lecturer in for more than nine years in the field of business law and management having taught numerous courses in business, corporate, taxation, GDPR and criminology, with an extensive record in academic publications in internationally renowned business journals. In addition, Demetris Savvides is an experienced corporate lawyer helping hundreds of companies in their normal functioning, engaging in transactional and legal advisory including advisory relating to day-to-day business regulatory issues, GDPR implementation matters, and corporate tax planning. Tending to clients, both domestic and international, Demetris Savvides has gained vast experience in dealing with business matters right from inception and catering to the regular corporate and compliance needs for successful functioning to empowering companies to scale to their potential. Demetris Savvides has had a notable track record of advising clients in corporate transactions that are vital for their business. His overall commercial corporate experience has both the in-depth knowledge of business laws and corporate finance as well as the practical advantage of for providing all-round service to the companies, which encompasses corporate commercial and tax structuring of a business whether domestic or through foreign investment, process incorporation via sustainable models which optimize the needs of the business, day to day compliance process for smooth functioning, ensure optimum use and action of corporate finance, as well as strategizing takeovers or winding up at appropriate junctures".
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.
Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.
To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
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