Cyprus Company Formation

Cyprus Limited Liability Company (LLC)

Cyprus is a very popular country in which to incorporate.  Cyprus is also one of the easiest countries to obtain a bank account if needed for the new company.

Company Name

Company names must be approved by the Registrar. Names must be unique whether a name is considered too similar is at the discretion of the Registrar. Company names may be in Greek if accompanied by an English translation and must end with the suffix LLC or LTD.

Registered Office

All companies registered in Cyprus are required to have a registered office where official documents may be legally served. We will provide a registered office as part of our incorporation package.

Directors

Only one director is required with no restrictions on either nationality or residency. Details of the initial directors must be lodged with the Registrar upon incorporation.

Shareholders

A single shareholder is required who may be of any nationality and residency. Corporate shareholders are allowed.

Share Capital

The minimum share capital requirement is EUR 1  there is no restriction on the number of shares that may be issued. Share capital is in  Euros.

Filing Requirements

All companies are required to submit an annual return on the anniversary date of incorporation, with the first being due 18 months after incorporation. Annual financial statements must be submitted to the Registrar of Companies.

Company Secretary

Cypriot companies require a company secretary. It is recommended that you use a resident secretary for tax purposes. If you wish to establish tax residency for your company, you will need to prove that the management and administration of the company takes place in Cyprus with use of a resident director for compliance.

Timescale

Once all necessary incorporation information has been received, including proof of identity of shareholders and directors. The incorporation is completed within five days.

Cyprus Company Formation Fees

We offer an all inclusive Cyprus Company Incorporation Service

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

Proof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.

Travel

There is no requirement to visit Cyprus in order to incorporate or open a corporate bank account.  The bank account service is and additional extra, subject to completion of an application form and acceptable due diligence with a comprehensive business plan.