(i) A re-domiciliating company, activities of which under the legislation of the jurisdiction of incorporation requires license must present to the Department of Registrar of Companies responsible foreign authority’s consent to its registration as a continuing company in the Republic.
(ii) In addition to (i) above a foreign company that wishes to re-domicile to Cyprus and that plan to run regulated activities for which license is required (e.g. Financial Services companies, Banking Institutions, etc.) is obliged to obtain such a license from a competent authority/regulator in Cyprus before the beginning of its operations.
