The main company activities to be carried out by the Company must be notified and registered. Such activities must fall within those that are permitted by law.
The company name must be approved by the Cyprus Registrar of Companies. It takes approximately 3 working days for the name to be approved. Alternatively a name can be chosen from a current list of approved names.
The minimum authorised and issued (paid up) share capital required is €1.00. There is no maximum. The share capital amount need not be blocked but can be used for the company’s requirements. There are no bearer shares in Cyprus.
A company is required to have at least one registered shareholder. The following information is necessary in relation to the shareholders:
If the true identity of the beneficial shareholder is not to be disclosed on the official government records, nominee shareholders can be appointed upon request.
At least one company director must be appointed. Shareholders can also act as directors. The same information as for those of the shareholders is required. Local directors can be appointed in order to comply with the requirement that the management and control of the company is carried out from Cyprus.
A Cyprus company must have at least one company secretary. A secretarial company or a resident individual is usually appointed as the company secretary. Where necessary (for more than one company) different named secretaries can be appointed upon request.
When all the above information is received the company formation commences. The time taken to complete the company formation is between eight and ten working days.
A Cyprus office address is used as the official registered address of the company. Where necessary different office addresses can be made available upon request.
All the above documents are delivered to the client by international courier service.
Click the Download Now buttons provided in order to download the official Cyprus International Business Company form. Please note, that the form is available both in .doc and .pdf format.
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