Registration of a Cyprus Company
A Cyprus company is being incorporated according to the Cyprus Company Law, CAP 113 and it is very similar, nearly identical, to the UK Companies Act.
A private Cyprus company requires at least one shareholder (maximum 50), at least one director, a secretary and a registered office address in Cyprus. The shareholder(s), director(s) and secretary may either be physical persons or legal entities. Their names and contact details are filed with the records of the Registrar of Companies which are publicly available for inspection. However, through the appointment of nominee/trustee shareholders the identity of the Beneficial Owner remains anonymous to the public and confidential between the trustee and the beneficiary.
Company Name Approval
For successful registration of a Cyprus company a company name must first be approved; such name must be unique and not already been registered and, it needs to end to "Limited" or "LTD". You need to ensure that a name is available prior to submitting an application for company name; this way will save you unnecessary costs.
In our effort to best serve our clients our Firm has a list of already approved company names for immediate use; please feel free requesting our pre-approved company names list.
Incorporation of a Cyprus Company
For incorporating a Cyprus company it is necessary that a Memorandum and Articles of Association is drafted and submitted to the Registrar of Companies and Official Receiver.
A Memorandum of Association will give the company's name, names of its' shareholders, the company's address and will list the activities that the Cyprus company intents to undertake. Generally, there are no limitations to what activities a Cyprus company can do, therefore a generally broad Memorandum of Association is recommended to be drafted covering all possible activities which may be necessary either in the process of its' business (ie holding company) or in the process of achieving its' business (ie taking loans or renting premises); however, certain operations may require advance license from a regulating body in order for a Cyprus company to operate as such (ie operating as investment firm requires an advance license issued by the Cyprus Securities and Exchange Commission (CySEC)).
The Articles of Association will generally define the way the company will be operating by specifying the board of directors' decision making process, voting rights, dividend policies, how shares may be transferred etc. It basically forms the shareholders' agreement of how the company will be governed in a way that they will best be secured.
Board of Directors
The board of directors is consisted of persons who will be managing the company on its' day-to-day business. For a Cyprus company which intents to take advantage of the Cyprus low corporate tax it is vital that the board of directors meets and take its' management decisions in Cyprus, so as to ensure that the company remains Cyprus tax resident.
Registration of Cyprus Company
For the incorporation of a Cyprus company, please submit the following:
Name and contact details
Preferred company name (please state 3 alternative names)
Name and address of Shareholder(s) or beneficial Shareholders (in case you wish to have anonymity)
Passport copy of shareholder(s) or beneficial owner(s); you may submit your passport(s) here:
Utility bill (electricity or water bill, bank statement with your name and residential address stated on it etc.) not older than 5 months old; You may submit your utility bill here:
Intended activities of the Cyprus company and location to which you intent to operate to.
Approximate annual income of the company
Having submitted the above, a member of our Firm will contact you within 12 hours for commencing the incorporation of your company. Additional information may be requested.
Time needed for Cyprus Company Formation
A company formation will very much depend to the Registrar of Companies, but generally should take between 10-15 business days (after a name is approved). For a quick set up you may choose a readily available company from our Shelf Companies lists. For more information please contact us here: http://bit.ly/1PNm6hm
A Cyprus company is being incorporated according to the Cyprus Company Law, CAP 113 and it is very similar, nearly identical, to the UK Companies Act.
A private Cyprus company requires at least one shareholder (maximum 50), at least one director, a secretary and a registered office address in Cyprus. The shareholder(s), director(s) and secretary may either be physical persons or legal entities. Their names and contact details are filed with the records of the Registrar of Companies which are publicly available for inspection. However, through the appointment of nominee/trustee shareholders the identity of the Beneficial Owner remains anonymous to the public and confidential between the trustee and the beneficiary.
Company Name Approval
For successful registration of a Cyprus company a company name must first be approved; such name must be unique and not already been registered and, it needs to end to "Limited" or "LTD". You need to ensure that a name is available prior to submitting an application for company name; this way will save you unnecessary costs.
In our effort to best serve our clients our Firm has a list of already approved company names for immediate use; please feel free requesting our pre-approved company names list.
Incorporation of a Cyprus Company
For incorporating a Cyprus company it is necessary that a Memorandum and Articles of Association is drafted and submitted to the Registrar of Companies and Official Receiver.
A Memorandum of Association will give the company's name, names of its' shareholders, the company's address and will list the activities that the Cyprus company intents to undertake. Generally, there are no limitations to what activities a Cyprus company can do, therefore a generally broad Memorandum of Association is recommended to be drafted covering all possible activities which may be necessary either in the process of its' business (ie holding company) or in the process of achieving its' business (ie taking loans or renting premises); however, certain operations may require advance license from a regulating body in order for a Cyprus company to operate as such (ie operating as investment firm requires an advance license issued by the Cyprus Securities and Exchange Commission (CySEC)).
The Articles of Association will generally define the way the company will be operating by specifying the board of directors' decision making process, voting rights, dividend policies, how shares may be transferred etc. It basically forms the shareholders' agreement of how the company will be governed in a way that they will best be secured.
Board of Directors
The board of directors is consisted of persons who will be managing the company on its' day-to-day business. For a Cyprus company which intents to take advantage of the Cyprus low corporate tax it is vital that the board of directors meets and take its' management decisions in Cyprus, so as to ensure that the company remains Cyprus tax resident.
Registration of Cyprus Company
For the incorporation of a Cyprus company, please submit the following:
Name and contact details
Preferred company name (please state 3 alternative names)
Name and address of Shareholder(s) or beneficial Shareholders (in case you wish to have anonymity)
Passport copy of shareholder(s) or beneficial owner(s); you may submit your passport(s) here:
Utility bill (electricity or water bill, bank statement with your name and residential address stated on it etc.) not older than 5 months old; You may submit your utility bill here:
Intended activities of the Cyprus company and location to which you intent to operate to.
Approximate annual income of the company
Having submitted the above, a member of our Firm will contact you within 12 hours for commencing the incorporation of your company. Additional information may be requested.
Time needed for Cyprus Company Formation
A company formation will very much depend to the Registrar of Companies, but generally should take between 10-15 business days (after a name is approved). For a quick set up you may choose a readily available company from our Shelf Companies lists. For more information please contact us here: http://bit.ly/1PNm6hm
Starting a Business: Cyprus Company Registration - 2015
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