What we will need to know in order to form a Cyprus Company, can be decided by either arranging a personal meeting, or by a conference call or/and e-mail as to discuss the structure, advantages and understand your wants by clicking our contact us link shown below. However, if you feel that you already know what best suits your needs, please request from our staff to provide you with our on-boarding form.
The Registration Procedure
The first step in the process is the choice of the name of the company. An application is filed to the Registrar of Companies with the requested name. The period for the approval of the name is 2-3 business days. Once the name is approved, the Memorandum and Articles of Association of the company are prepared and submitted for registration to the Registrar of Companies together with the information regarding the officers and shareholders of the company. The Registrar of the Companies usually gives a registration number within 4-5 working days and then the corporate certificates are issued either in English or in Greek.
Directors of the Company
The minimum number of directors is one, who can be either an individual or a legal entity. Members of our firm can be appointed as nominee directors in order to execute the board meetings and resolutions in Cyprus. In this way management and control is exercised in Cyprus for tax purposes.
Shareholders of the Company
The minimum number of shareholders is one. Foreigners who do not wish to appear as registered shareholders may appoint nominees to act for them as registered shareholders, whilst the actual ownership shall always rest with the non-resident beneficial owners of the shares. Our firm can provide nominee shareholders services upon request.
The existence of the company secretary is required by the Law. The secretary of the company must be appointed by the directors. Although the nationality of the secretary is immaterial it is recommended the secretary of the company to be a resident in Cyprus.
The Cyprus Company Law requires the registered office of the company to be situated in the territory of Cyprus. Our firm offers services of a virtual office with telephone, fax and all other relevant facilities to assist in the administration of the Company. The registered office is the place where writs, summonses, notices, orders and other official documents can be served upon the company.