Client Satisfaction is our Passion

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.

Service Entails:

  • Companies formation
  • Corporate management, with full domiciliation services
  • Provision of shelf-companies
  • Provision of registered office address
  • Provision of nominee corporate or individual directors and shareholders
  • Company secretarial services
  • Book-keeping, VAT registration and administration
  • Company management and administration services through appointed directors and company administrators
  • Opening and administration of bank accounts
  • Trust and custodial services
  • Receiving, handling and forwarding of correspondence and representation

Guidance on Establishing a Company in Cyprus

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:

1. Approval of Company Name:

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

2. Submission for Registration:

  • Memorandum and Articles of Association: These foundational documents outline your company's objectives, powers, and administrative procedures. Specific requirements may apply depending on your business activities and share capital structure.

  • Directors and Secretary: Appointing directors and a secretary is mandatory, with varying requirements based on your company's structure and operations. Nominee services are available upon request to ensure compliance with residency and management regulations.

  • Shareholders and Share Capital: Your company must have at least one shareholder, and there's flexibility regarding their nationality and the currency of share capital. Private companies typically maintain a minimum authorized share capital of €1,000.

  • Registered Address / Office: Designating a registered office address in Cyprus is mandatory for maintaining statutory records.

3. Period for Registration:

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.

4. Annual Returns and Financial Statements:

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.

Incorporation Costs and Maintenance:

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.