A Favourable Jurisdiction to Companies
Cyprus, proved to be a favourable jurisdiction for a company which operates in e-commerce, or is a service provider or conduct triangular trade, shipping or ship owning company or crew management company, holding company but also if it retains intellectual properties IPs and copyrights.
Cyprus Favourable Tax Regime Read more
TYPES OF CORPORATE ENTITIES
Form a company in Cyprus can take the form of a private or public limited liability companies by shares and companies limited by guarantee which are all incorporated pursuant to the Cyprus Companies Law.
The most common company is the form of a European public limited liability company, more commonly known as Societas Europaea or SE, or a partnership or a Cyprus Branch of an overseas company.
CYPRUS COMPANY FORMATION
The company formation takes 10 to 15 days from the date of completion of due diligence procedure.
The principal registration requirements are Table below
|Company Law||Companies Law Cap. 113|
|Registration||A company must be registered to the Registrar of Companies.|
|Capital requirements||Minimum authorised and paid up capital is €1. If such companies have a fully- fledged office in Cyprus, minimum capital is €10.000.|
|Company Name||Name approval is required by the Registrar of Companies.|
|Shareholders||One minimum either physical or legal entity. No bearer share may be issued shares on behalf of the beneficial owner(s).|
|Beneficial Disclosure/ Nominees||If confidentiality is required, a nominee/trustee company can hold the shares in trust for owner.|
|Directors||Minimum one Director. Cyprus tax resident companies must appoint majority of local directors.|
|Secretary||Every company must have a Secretary and if the company is a tax resident in Cyprus, Secretary must be local. A director can also act as Secretary. For practical purposes, a corporate body may be appointed Secretary.|
|Registered office||A company needs to have a registered office in Cyprus.|
|VAT Registration||Companies registered in Cyprus and whose income derive exclusively from sources outside Cyprus, are in general exempt from VAT registration. Cypriot registered companies however which have trading activities within the EU, may be required or voluntarily register for VAT and / or VIES purposes.|
Statutory Obligations of a Cyprus Company Read More
Company Registration Procedure Read More
Cyprus, as a Member State of the European Union, has a long reputation as a “center of excellence” for international business activities and maintains a unique cluster of experience in various sectors of commerce and industry.
Company Formation & Integrated Company Management Services
Cyprus Company Formation by F.C.I. Ltd – a reliable Service provider with 40 years wealth of experience.
Our services include:
- Selection of appropriate legal corporate form /structure.
- Select the right jurisdiction (s).
- Registration of Cyprus Company
- Registration of offshore company Read more
- On-site representation of the corporate entity
- Nominee facilities Read more
- Corporate administration
- Full Company Compliance Facilities and Services