REGISTERING A CYPRUS COMPANY

The principal information required when registering a Cypriot company includes:
  • Name of the company: company name reservation and approval procedures exist.
  • Memorandum and Articles of Association: these specify the activities in which the company may engage and the means by which it will govern its affairs.
  • Capital structure: there is no minimum required issued and paid up capital, however it is common to have share capital of at least €1,000.
  • Shareholders: There must be at least one shareholder. Shares can be held by trustees in Cyprus in trust for the beneficial owners.
  • Directors: At least one director is necessary. The directors may be local Cypriot individuals or foreigners. It is generally advisable to appoint local directors if one wishes to have effective management and control in Cyprus, so as for the company to be considered as Cyprus resident for Tax purposes. A corporate entity may also act as director. Nominee local directors may be also provided by Law Firms in Cyprus, so as for the company to show presence in Cyprus, and at the same time to protect the anonymity of the foreign owner of the company. In such a case the Nominee Director shall provide the company owner with a General Power of Attorney with which the company Director can fully manage his company without present it his name in any of the company’s documents.
  • Company secretary and registered office address: Every company must have a company secretary and a registered office address in Cyprus which may also be used as the business address of the company.

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