The process of incorporating a new company in Cyprus typically takes around 10 days. Additionally, it may require an additional 3 days for the Registrar to approve the chosen company name. Alternatively, you can request a list of pre-approved names from us.
Faq’s
Frequantly Ask Questions
How Can We Help You?
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How long does it take to register a company in Cyprus?
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Can I buy a ready-to-trade Cyprus shelf company?
Yes, ready-made shelf companies in Cyprus are available upon request and can be immediately used. Older shelf companies, especially those with a history of two or more years, can provide your business with added value and credibility to stakeholders such as bankers, clients, lawyers, and accountants. The longer a company appears to be on the market, the more credibility it carries. To obtain a list of available shelf companies, please send us an email.
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Do I need to visit Cyprus to set up a company?
No, physical presence in Cyprus is not required to set up a company. The process can be completed remotely, allowing for convenient and efficient company formation.
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What are the annual compliance requirements for companies in Cyprus?
Companies in Cyprus are required to file annual financial statements and tax returns with the authorities. Additionally, they need to hold an annual general meeting of shareholders and maintain proper accounting records.
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Can I register a company in Cyprus with a non-Cypriot director or shareholder?
Yes, it is possible to register a company in Cyprus with non-Cypriot directors and shareholders. Cyprus allows for full foreign ownership and management of companies, offering flexibility to international investors.
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What is the minimum number of shareholders required to set up a company in Cyprus?
In Cyprus, a private limited liability company can be formed with a minimum of one shareholder. However, it is also possible to have multiple shareholders.
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What is the maximum number of shareholders allowed for a company in Cyprus?
There is no maximum limit on the number of shareholders for a company in Cyprus. The company can have any number of shareholders, as per the requirements and structure chosen.
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Do I have to open a bank account in Cyprus for my company?
While opening a bank account in Cyprus is not mandatory, it is often recommended for the convenience of financial operations and to benefit from the country's banking services. Having a local bank account can simplify transactions and facilitate business operations within Cyprus.
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What are the tax implications for companies in Cyprus?
Cyprus offers a favorable tax regime for companies, including a low corporate tax rate and numerous tax incentives. Additionally, Cyprus has an extensive network of double tax treaties, allowing for efficient tax planning and minimizing tax liabilities.
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Is it necessary to have a local director for a company in Cyprus?
No, it is not mandatory to have a local director for a company in Cyprus. However, it is common to have at least one director who is a resident of Cyprus for certain tax advantages and administrative convenience.
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