Our primary focus lies in crafting and registering corporate entities. We offer end-to-end assistance, starting from consultations to ongoing management, ensuring seamless operations for our clients.
Setting up and managing a company in Cyprus involves navigating through various procedures and adhering to legal requirements. From the initial steps of selecting a company name to fulfilling ongoing compliance obligations, it's essential to comprehend the process thoroughly. Here's a comprehensive outline to assist you in registering and maintaining your company in Cyprus:
Your journey begins with selecting a suitable name for your company and obtaining approval. Name applications typically take 3-5 working days to process, ensuring compliance with regulatory guidelines and avoiding any conflicts with existing entities
The registration process usually takes around 8-10 days to complete. However, expedited options are available for urgent requirements, such as using pre-approved names or pre-registered companies.
Ongoing compliance entails preparing annual financial statements in accordance with International Financial Reporting Standards (IFRS) and having them audited by licensed independent certified auditors. Annual returns and audited accounts must be filed with the Registrar of Companies and the Income Tax Department within specified timelines.
The costs associated with company registration and maintenance include professional fees and disbursements, including government fees. Maintenance costs cover ongoing compliance requirements, nominee services, and annual levies imposed by the Cyprus Companies Registrar.
In conclusion, comprehending the intricacies of company registration and compliance in Cyprus is vital for establishing a robust legal and operational foundation. By adhering to regulatory protocols and leveraging professional assistance, you can navigate the process seamlessly and ensure sustained compliance with legal standards.