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Incorporation of Companies

 

Jurisdictions

Even though we are a Cyprus based company we undertake company registration in most jurisdictions all over the world.

Cyprus Company

According to the legislation, Cyprus companies are incorporated by practicing lawyers who are members of and regulated by the Cyprus Bar Association. We incorporate our client's companies through our close associate Law firm Christophoros Ioannou LLC and invoice our clients with no extra premium.

Main features of a Cyprus company

  • Cyprus Company Law is to its greatest extent based on the U.K. 1948 Companies Act.
  • At least one shareholder and one director are required who may be a corporate entity or a physical person either Cyprus resident or abroad.
  • One secretary is required.
  • Registered office is required, which may be provided by our company.
  • No minimum share capital. Share capital could be in any currency.
  • Memorandum & Articles of Association required.
  • Facility to have more than one class of shares (e.g. dividend shares, shares with voting rights, shares relating to specific property etc.).
  • No bearer shares allowed.
  • Audited annual financial accounts required by locally registered qualified auditors.
  • Company' s structure (information about directors, shareholders, secretary, registered office) forms part of a public record at the Company's Registrar but if anonymity is required, it may be preserved through trustee/ nominee services offered by our company with regards to shareholders, directors, secretary.

Shelf Companies – Pre approved Cyprus Company names

We maintain a number of shelf companies for clients who want to proceed with a transaction immediately. If trustee/nominee services will be required, opening of bank accounts, tax registration and VAT registration, may be effected immediately. If not then changes in the company's shareholders, directors, secretary and registered office may be effected immediately but some time will pass before the new certificates are received by the Company's Registrar.

We maintain a number of pre-approved Cyprus company names as well, to save time for incorporation of a new company.

If none of the above is required then it takes approximately 3 – 4 days to have the name approve and approximately an other 10 days before the company is registered.

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