07.23

ATAD3 Unshell Directive Risk Analysis Cyprus Group

Analyzed ATAD3 Unshell Directive risks for a Cyprus group, advising on outsourcing and mitigating shell entity classification.


Our Work

At the request of a Cyprus group of companies we analyzed the risks entailed for the group having reviewed the current provisions of ATAD3-The Unshell Directive and specifically “gateway” test in relation to the outsourcing of companies’ administration and the decision-making on significant functions to a third party and suggested actions in order to mitigate the risk of classification as shell entities.