How To Incorporate A Company in Cyprus: Steps To Follow

| December 12, 2012 | 0 Comments

Cyprus

Are you thinking about forming your very own Cyprus company? If you are interested in the prospect of earning more money and establishing your company in a place that is ideal for new businesses to thrive, then Cyprus is definitely a good place to keep your eye on.

If you have never started your own company before – much less a company in a whole other country – then you may have quite a lot of worries in your mind. That is of course, completely natural. After all, starting a business and a company is indeed something that offers no guarantees.

However, when it comes to your future company in Cyprus, you won’t have to worry about such things. Why? This is because many businesses and companies can attest to the fact that Cyprus is indeed a prosperous place to build a business on, and the process of company formation in Cyprus is definitely an easy one. Even a beginner won’t have a hard time starting up a company in Cyprus. That is a fact!

So, if you are someone who is interested in creating your own company, here are the most basic steps that you will have to follow.

Step 1: Applying for the company

The very first step is to actually apply to be able to create the company that you want to. You can transact directly with the Cypriot government regarding this thing, but of course, there are also quite a few Cypriot companies which offer their services to make this process easier and more convenient for you.  It is only a matter of preference as to which method you use.

Step 2: Making sure to comply with all the requirements

There are quite a few requirements which you will need to comply with, when you are creating a new company. However, do not worry as these requirements are all quite simple to comply with, and you will not have a very hard time in complying with them.

The main requirements that you will have to satisfy for your Cyprus company registration are the following:

–         The official registered address of your company which should be within Cyprus.

–         The names of the shareholders for your company. (There should be at least 1) Also, you should note how much their share allotments are.

–         The name of the director or directors of your company. (There should also be at least 1).

–         The share capital for your company. The amount you will allot for this ranges from EUR 1,000 to 10,000 depending on the type of company you are going to put up.

–         The Memorandum of your company.

–         The corporate secretary of your company.

Step 3: Issuance of the necessary certificates

After you have complied with the various requirements, you will now be able to get the necessary certificates for your Cyprus company. The certificates that you will be receiving are:

–         Directors’

–         Shareholders’

–         Registered Office

–         Incorporation

Step 4: Registration with the Tax Authorities

After all of the steps above are completed, you can now go ahead and register with the Tax Authorities for the tax number and the like. This step is required to be completed within 45 days after the company has been incorporated.

As you can see, forming your very own Cypriot company is not at all hard, especially when you have the above steps as a quick and easy guide for you.

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Category: Wealth Building

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