Company Formation in Cyprus

Location works well for holding and investment firms
(Double Tax Agreements) 45

Cyprus offshore company formation

Cyprus Private Limited Company

– A well established infrastructure for commercial services
– The capacity to conduct business in a reputable low-tax jurisdiction
– Excellent reputation, a stable government, and special status within the EU
– A comprehensive and well-developed banking system
– Non-resident businesses are exempt from paying the local corporate tax.

Company Registration in Cyprus is perfect for:

Wealth Management

Property Ownership

International Trading

Holding Company

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Four Easy Steps To Register A Company In Cyprus

1. Preparation

Ask for a free corporate name search We evaluate the name’s suitability and, if necessary, offer suggestions.

2. Filing

  • Fill in the company name, directors, and shareholder(s) by logging in or registering.
  • Add the shipping address, the business address, and any additional instructions.

3. Payment

Choose your payment method

4. Delivery

  • All relevant documents, including as the Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc., will be sent to you electronically. After that, a jurisdiction’s new corporation is prepared to conduct business!
  • You can use the company package of paperwork to open a corporate bank account, or we can assist you using our extensive banking support service knowledge.


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Documents Required to Register a Company in Cyprus

  • Copy of Notarized/Apostille Passport;
  • Copy of Notarized/Apostille Address Proof (English-language utility bill such as a water, gas or electric bill, etc.).
  • Bank reference
  • CV or resume

FAQs


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What are the benefits of incorporating in Cyprus?

Due to its favourable tax structure, Cyprus is regarded as one of the most alluring jurisdictions in Europe to establish a limited liability corporation. Cyprus holding businesses benefit from all that the low tax jurisdiction has to offer, including full exemption from tax on dividend income, a corporation tax rate of just 12.5%, no withholding tax on dividends paid to non-residents, and no capital gains tax.

Cyprus also has other benefits, such as its corporate laws’ English Companies Act-based foundation and compliance with EU directives, affordable formation costs, and a seamless incorporation procedure.

What is the procedure of incorporating in Cyprus?

The name under which the business is planned to be incorporated must be approved by the Registrar of Companies before any additional actions are conducted.

The required paperwork must be created and filed after the name has been approved. The articles of incorporation, the memorandum of association, the registered address, the directors, and the secretary are examples of such documents.

What is the Memorandum and Articles of Association Cyprus?

Each Cyprus Company is required to have its own articles of association and memorandum.

The memorandum includes the company’s fundamental details, like its name, registration office, goals, and so forth. The first few object clauses must be carefully crafted to reflect the unique conditions, primary business objectives, and activities of the corporation.

The articles set forth standards for the internal management of the company’s governance as well as guidelines for member rights (such as the appointment and authority of directors and the transfer of shares).

What is the minimum number of directors and shareholders, and who can be one?

Under Cyprus Law, every company limited by shared must have a minimum of one director, one secretary and one shareholder.

From a tax planning point of view, it is often required that the company is shown to be managed and controlled in Cyprus and, accordingly, it is recommended that the majority of the directors appointed are Cyprus residents.

How much does it cost to set up a limited company in Cyprus?

To reach the EU market, establishing a limited business in Cyprus is a fantastic, economical solution. The question that follows is, “How much does it cost to set up a company in Cyprus?” With the following commitments, establishing a limited company in Cyprus with One IBC only costs US$1,599 in total, and the renewal charge for the second year is only US$1499: simple method 14 working days maximum 100% rate of success Quick, simple, and very secure Dedicated assistance 24/7 A limited corporation in Cyprus would be a good choice for the following industries: Joint Stock Company for Asset Management International trade being a property owner We hope the information in the aforementioned response helped you understand how much it costs to start a business in Cyprus. To learn more about our whole package service (registration office, secretarial service, etc.), please get in touch with us.

What are “corporate documents”?

It is advised to make sure that copies of all corporate documents are given to the company’s beneficial owners or other necessary officials upon incorporation. These corporate documents typically include:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • A share certificate

What are the share capital requirements?

There is no legal requirement as to the minimum or maximum share capital of the company.

What information is required for each shareholder and /or beneficial owner and director?

Full name, date of birth, nationality, residential address, utility bill as proof of residential address, or, for CIS countries, a passport with an entry stamp, are required information for shareholders. Occupation, a passport copy, shares that must be held.

Full name, birthdate, and place of birth for directors Nationality, Address proofs include utility bills, passports with CIS country registration stamps, and utility bills. Occupation, a passport copy, Address on file.

The following director/shareholder documentation should be provided by email.

  • Scan in color of notarized valid Passport
  • Scan of notarized Proof of Personal Address
  • Bank Reference Letter
  • CV

Following the completion of our KYC procedure and the absence of any additional inquiries from the Cyprus Registrar, the incorporation process will take 5-7 working days. As a last step, we require that you provide a notarized copy of each of the aforementioned documents to Cyprus for our records.

Without disclosing the owners’ identities to the public, nominees may hold the shares in trust for the beneficial owners.