I will guide you through in this page as to how to register your own Cyprus company.
Cyprus company formation is straightforward. Follow these 5 steps below:
- Have a clear understanding as to how a Cyprus company operates.
- Choose a company name/ application and approval of the name.
- Decide the purpose/objects of the company.
- Get information about the costs.
- File an application to register a company.
Understand the structure of a Cyprus company
A Cyprus company has four componets.
⏩Directors who run and represent the company.
⏩Shareholders that own the shares
⏩A secretary who is a company officer and keeps the company registry and
⏩A registered office which must be an address in Cyprus.
Choose a Company Name
The first thing you need to do is choose a name for your company. We usually advice clients to submit three alternative names for approval by the Registrar of Companies. Choosing the right company name depends on a host of considerations – some as obvious as the kind of business you do, others as unique as your own tastes and style. There are, however, a few guidelines that will steer you in the right direction.
If you are wondering whether the name you have in mind is available or would be registrable, email me here.
Decide the Purpose/Objects of the Company
A company is formed for a specific object or objects.
In 2016 the Cyprus Companies Law has been amended to allow for the creation of general trading companies without the need to include specific reference in their Memorandum of Association.The above does not apply where the newly formed company is obligated by law to have specific reference about an object in its Memorandum of Association. For example a legal company that will apply to be licensed by the Cyprus Bar Association must have in its Memorandum of Association a specific object clause stating that it is a legal company.
Costs and fees?
Before forming your company you should have a good understanding of the costs involved. There are two types of costs and fees to be worried about.
The set up costs and the annual.
I have broken down the costs in an article.Click here to read it.
Ready to start?
Now that you know the basic information you contact me by filling in the form below. I will get back to you with all the details and the steps required to register your company!
You can also navigate this website and read a lot of info about Cyprus companies formation, operation and management.