Responsive Header
info.effectsindia@gmail.com +91 8285045877

Company Registration Requirements in Cyprus

How to take our professional service

Take Consultation
Take Consultation

Our team shall review and call you back in 3-4 hours.

Post Requirement
Post Requirement

Our team shall review and call you back in 3-4 hours.

Get a Proposal
Get a Proposal

Our team shall review and call you back in 3-4 hours.

Company Information

Characteristics and Overview of Cyprus Companies:

The preferred choice for business establishment in Cyprus is often a private limited company, commonly known as a Cyprus Ltd. While Cyprus offers various business structures including partnerships, branches, and trusts, the Cyprus private limited company remains the most popular.

Cyprus companies have broad freedom to engage in legal business activities, although some regulated sectors like banking, insurance, and investment require specific licenses.

A Cyprus private limited company must have a registered office within the country and appoint a secretary, who can be an individual or a company, resident or non-resident. The company requires at least one director and shareholder, with no nationality or residency restrictions. However, to benefit from Cyprus tax advantages, it's advisable for the majority of the board to be Cypriot residents, demonstrating effective management and control from Cyprus.

Send your Requirement here

Pre-requisites of Company Incorporation in Cyprus

Error loading page
Company Name:
  • A.Must be approved by the Registrar before registration.
Shareholders:
  • A.Identification of shareholders.
  • B.Details regarding share capital.
Initial Board Members:
  • A.Selection of board members at the outset.
Registered Office Location:
  • A.Designation of a registered office.
  • B.Can serve as a correspondence address without being an actual office location.

Step by Step Guide to Register your Company in Cyprus

01
Choose Your Preferred Business Entity:
  • • Consult professionals for advice
03
Provide a Name and Check Availability:
  • Use the provided link to verify name availability.
05
Draft the Articles of Association:
  • Include company name, purpose, owners, ownership structure, shareholder details, rights, and duties.
07
Submit Required Paperwork:
  • • File official forms (HE1, HE2, HE3) and documents with the Cypriot trade register.
  • • Include the reserved company name and Articles of Association.
02
Open a Bank Account:
  • • Establish a separate business account for financial transactions
  • • Expect account setup within 10 to 15 days in Cyprus.
04
Register for Taxation:
  • • Register for tax purposes with assistance from the Tax Department
  • • Obtain a VAT number if applicable.
  • • Apply for Social Contribution registration and explore tax exemptions.
06
Check for Necessary Licenses:
  • • Consult with consultants to determine if specialized licenses are required.
  • • Ensure compliance with industry-specific regulations to avoid penalties.

Compliance Requirements Following Company Incorporation in Cyprus

Annual Renewal and Return Filing: Once a company is established in Cyprus, it must undergo annual renewal. This involves paying the Annual Levy of EUR 350, with penalties for late payment, and submitting the Annual Return. This return includes information on directors, shareholders, registered office, and share capital.

Financial Statements and Audit:

Cyprus companies are obligated to prepare audited financial statements annually, regardless of whether they conducted business during the financial year. This requirement applies even to dormant companies.

Our Service Coverage

After Company incorporation, you will receive below documents

  • Company Certificate of Incorporation
  • Memorandum of Association & Article of Association (MOA & AOA)
  • PAN Card and TAN Allotment
  • EPF & ESI Registration
  • Digital Signatures (Class 2)
  • Directors Identification Number (DIN)
  • Assist in Bank A/c Opening
  • Professional Tax Registration (in Maharashtra Only)
  • GST Registration (Optional)

Pre-requisites of Company Incorporation in Cyprus

What are the benefits of incorporating in Cyprus?
  • A.Cyprus offers a favorable tax regime, including low corporate tax rates and double taxation treaties with numerous countries.
  • A.It provides a strategic location for business operations, bridging Europe, Asia, and Africa
  • A.Cyprus offers a robust legal framework and business-friendly environment, attracting foreign investment.
What are the share capital requirements for a Cyprus company?
  • A.There is no minimum share capital requirement for Cyprus companies. They can be incorporated with any amount of share capital.
What are the requirements for a registered office in Cyprus?
  • A.A registered office in Cyprus is mandatory for all companies. It must be a physical address where official documents and notices can be served.
How long does it typically take to register a company in Cyprus?
  • A.The registration process for a company in Cyprus usually takes around 5 to 10 working days, provided all necessary documents are in order.
What types of companies can be incorporated in Cyprus?
  • A.Cyprus allows for various types of companies to be incorporated, including private limited companies, public limited companies, and partnerships.
What is the significance of the Memorandum and Articles of Association?
  • A.The Memorandum and Articles of Association are key constitutional documents that outline the company's objectives, structure, and internal regulations.
What is the minimum number of directors and shareholders for a Cyprus company, and who can fulfill these roles?
  • A.A Cyprus company can have a minimum of one director and one shareholder, who can be individuals or corporate entities, with no residency or nationality restrictions.
What information is necessary for each shareholder, beneficial owner, and director?
  • A.For each shareholder, beneficial owner, and director, details such as full name, address, nationality, and identification documents are required.
Are there specific share capital requirements for Cyprus companies?
  • A.No, Cyprus companies are not subject to specific share capital requirements. They can be incorporated with any amount of share capital
What is a shelf company, and how does it differ from other types of company formations?
  • A.A shelf company, also known as a ready-made company, is a pre-registered company that has been kept "on the shelf" for potential purchase. It differs from other types of company formations as it allows for immediate business activity without the need for the lengthy incorporation process.
Service List
Navneet K Arora & Co LLP

Effects India, where professionalism meets excellence. Established in 1995, we have built a reputation for delivering comprehensive consultancy services across diverse industries. Our team comprises dedicated professionals including Company Secretaries, Chartered Accountants, Advocates, Solicitors, Management Professionals, and IT Experts, all committed to providing top-notch solutions tailored to your business needs.

Important Links

Contact Information

+91-11-49901507

+91 9871290287

+91 8285045877

info.effectsindia@gmail.com

info@effectsindia.com

www.effectsindia.com

CIN No: U65921DL1995PTC223155

E-8/1, LGF, Near Geeta Bhawan Mandir, Malviya Nagar, New Delhi-110017

© 2024 effectsindia.com by KhatuShyam Technologies. All Rights Reserved.