Open company in:
Cyprus
Company Formation and Related Services
Company Formation in Cyprus
F.A.Q.
BridgeWest provides company formation in Cyprus. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Cyprus);
The Articles of Association of an Cypriot company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Cypriot Law).
> drafting all other documents required for the incorporation of the Cypriot company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Cyprus, passport copies etc.
> arranging Public Notary procedures (The procedures for incorporating a company in Cyprus have to be done through a Cypriot Public Notary);
> offering a Registered Office in Cyprus for your company (if required);
The registered office may be any address where the Cypriot company declares to have its headquarters. The registered office will be public.
> setting up a bank account for your Cypriot company.
This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in Cyprus;
Accountancy services are recommended for any new business registration in Cyprus.
BridgeWest can provide assistance for the formation of the following types of companies:
> Cypriot Limited Liability
Like sole proprietorships, limited liability companies are a common form of business organization, as they have no complex organization procedures and are fit for small and medium business. A limited liability company can be established by one or more persons who are liable for the company's debts and obligations, only to the extent of their investments. There is no minimum share capital required. The profits are divided among founders according to the stipulations in the charter.
> Cypriot Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in Cyprus. These can be set up as separate entities from the parent company (Cypriot companies having the foreign company as shareholder) or extensions of the parent-company in Cyprus.
BridgeWest is also able to offer ready-made Cypriot companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Cyprus
The Cyprus laws regulate the structure of companies and legal forms, and are very similar to the ones of the United Kingdom. In order to function, every company in Cyprus must be registered within the Registrar of Companies, a procedure that can be done by nationals or foreigners, with few differenc ...
Cyprus is a major business centre offering great business facilities including a low tax haven, with a stable economy and a welcoming territory for foreign investments. The company registration procedure in Cyprus is basically the same for all business entities, having a simple and straightforward s ...
The Cyprus Department of Registrar of Companies administers the Register of Companies in Cyprus, partnerships, business names, trade marks, patents and regulates properties of insolvent legal natural persons. The Department's role is to maintain everybody properly informed of the status of the comme ...
There are plenty of entrepreneurs who start up their business in Cyprus, either by setting up companies, or establishing Cypriot branches of foreign companies. A Cypriot branch is not a separate legal entity, the parent company disposing of the branch's profit and holding full liability for its debt ...
There are many ways to invest in Cyprus and even more reasons. Cyprus offers a welcoming environment for foreign investment, and the government has a positive attitude towards it. Entrepreneurs often choose to establish companies as it is one of the best ways to invest here. In order to do that entr ...
1. What is the minimum share capital of a Cypriot Private Company Limited by Shares? In Cyprus most entrepreneurs who start their small to medium-sized business incorporate a Private Company Limited by Shares. This company type is not required a minimum initial capital. 2. What is the minimum share ...
1. What is the corporate tax in Cyprus? The standard corporate tax rate for companies that are registered in Cyprus is 10%, one of the lowest in Europe. 2. What is the VAT in Cyprus? In Cyprus, the standard VAT rate is 15%, but there is a reduced rate of 8% and 5%. There are also some services and ...
1. What is the VAT rate in Cyprus? In Cyprus, the standard VAT rate is 15%, but there is a reduced rate of 8% and 5%. The 8% VAT rate is applied to transport of passengers, restaurants, accommodation, while the 5% rate applies to hair salons, maintenance of private households, confectionary products ...
Country profile Cyprus is a republic with 754,064 inhabitants, that are extended on 9,250 kilometers square. The country is actually an island, situated in the Mediterranean Sea. The capital city of Cyprus is Nicosia, with approx. 195,000 people. Other important cities include Larnaca, Limassol or P ...
Anyone who wants to set up a business in Cyprus needs to be aware of the rules mentioned in the Cyprus Company Law, cap. 113, which is considered to be inspired by the English Companies Act 1948. Anyway, there were some amendments to the Companies Law, which were introduced in 2000 and 2001. As a co ...
General overview There are over 1,000 international businesses in Cyprus at the moment and the main priority for the Cyprus Government is to attract even more foreign investments. As a consequence, the Cypriot government established the Cyprus Investment Promotion Agency (CIPA) in order to promote t ...
Many elements contribute to making Cyprus an attractive option for foreign investments. Doing business on this island is facilitated by location, infrastructure, work force and tax system. Besides, the Central Bank of Cyprus provides sufficient data to consider that Cyprus has a high potential in te ...
A Limited Liability Company in Cyprus is regulated by the Cyprus Company Law, Chapter 113, being the most popular form of business that foreign investors choose when coming to Cyprus. One entrepreneur can choose to form a company as holding, property or general trading company. Capital There ...
Joint Stock Companies in Cyprus are public companies limited by shares (PLC). As a matter of fact, any company without the restrictions applicable to private companies limited by shares is a public company. A PLC has access to capital markets and may sell its shares to the public, as well as being l ...
A lawyer in Cyprus is both an advocate and an advisor in legal situations. A Cyprus attorney can help prevent and solve legal issues by providing advice to local and international clients. Law firms in Cyprus must have the proper expertise in order to provide advice to and act for individuals and co ...
The profession of public notary in Cyprus does not exist. The duties that usually belong to public notaries in other states are performed by lawyers in Cyprus who are members of the Cyprus Bar Association. There are also certifying officers in Cyprus who can only deal with only one of the notary&rsq ...
Accountants in Cyprus are members of the Institute of Certified Public Accountants of Cyprus. This body regulates the profession of an accountant in Cyprus, but at the same time it supports and promotes their professional interests, as well as their reputation. The institute also supervises the acco ...
A power of attorney in Cyprus is a formal means of handing over one’s authority to make decisions on another person’s behalf. The activities that the attorney is entitled to perform are usually defined in the power of attorney in Cyprus. These actions may include representation in legal ...
1. What is the minimum share capital? One can choose between two most popular types of companies that are usually set up in Cyprus. For a Private Company Limited by shares, there is no minimum share capital required, but if the choice is the establishment of a Public Company limited by shares, then ...
Meet us in Nicosia
Call us now at +44 203 287 0408 to set up an appointment with our lawyers and accountants in Nicosia, Cyprus. Alternatively you can incorporate your company without traveling to Cyprus.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Cyprus.