Members Voluntary Liquidation (MVL)
It is a common occurrence for even the most successful business to restructure for many reasons. It could be the sale of part of the business, the splitting of the business into segments, the closure of a dormant company or the distribution of accumulated profits to shareholders in a tax-efficient way.
An MVL is controlled by shareholders and is a tax-efficient method of distributing the assets of a company. Distribution can be of liquidated assets, assets in specie or of shares in newly formed companies which hold the assets of the liquidated company.
When a company has completed its purpose, or the Directors of a company decide to retire, a tax efficient way of releasing the surplus which may have accumulated, is to place the company into a MVL.
In addition it is helpful when a company is going to be recognized for the planning purpose.
How Can We Help You?
- Advise on the suitability of MVL.
- Act as the Liquidator.
- Provide guidelines to MVL.
Just contact us for free, no-obligation advice to see if we can help you. You have nothing to lose, but a lot to gain.
This website contains general information based on Cyprus law and practice. Please note that it does not constitute legal or commercial advice, nor is it intended to create a client relationship. Neither is it intended to provide a comprehensive or detailed statement of the law or practice.
No liability whatsoever is accepted by Hadjihannas Restructuring Practitioners Ltd for any action taken in reliance on the information in this website. You should not act, or refrain from acting, on the basis of any information posted on our website but rather you should always seek specific legal and other professional advice.
The content of this website, including its design and layout are protected by copyright and other intellectual property laws and may not be reproduced by you without our prior written consent.
© Hadjihannas Restructuring Practitioners.