Cyprus Company Formation

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Cyprus

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Steps for Company Formation in Cyprus

F.A.Q.

Cyprus is considered a tax heaven for foreign companies due to its flexible taxation system, pro-investment legislation and stable economy.

The registration procedure for a company in Cyprus is mainly the same for any type of structure.

The first step to take when incorporating a company in Cyprus is to choose three names for the company and submit them for approval.

The following step for company incorporation is the filling of a standard form that must contain information about the shareholding structure of the company and the business activities it will operate. Together with this form, there are other documents that must be submitted:

-    copies of the identification documents of the founding members,
-    recent utility bills stating the residence address of the owners of the company,
-    the articles of association,
-    the certificate of incorporation,
-    a certificate of good standing.

The articles of association must contain data regarding the company’s name, the board of directors, the shareholders’ names and addresses, the company’s registered office and the object of activity. According to the Cypriot laws, all types of companies require a secretary; therefore the secretary must also appear in the articles of association. Our lawyers will help you draft the company’s articles of association and related documents.

After preparing the documents, they can be submitted with the Registrar of Companies in Cyprus. Once the incorporation process is concluded, the founders of the Cypriot company will receive a certificate of incorporation, a certificate of shareholders, a certificate of directors and secretary and one of the registered office address.

REQUIREMENTS FOR COMPANY INCORPORATION IN CYPRUS

- any person - no matter his or her nationality or residency - can be a director or a shareholder in a company in Cyprus;

- shareholders of a Cypriot company can be natural persons or legal entities;

- the company must have a local registered office (BridgeWest offers this type of service);

- Cypriot companies require by law to appoint a secretary (BridgeWest can help you in that regard);

- Cyprus allows companies to have nominee directors and shareholders.

SERVICES PROVIDED FOR COMPANY FORMATION IN CYPRUS

- drawing up the articles of association that can be signed thorough power of attorney (Cypriot laws require power of attorney for any public notary proceedings);

- drawing up documents for company incorporation in Cyprus: specimen signatures, identification papers copies, application form required by the Company Registration Office;

- arranging public notary proceedings (all procedures for company incorporation are done in front of a Cypriot public notary);

- providing a registered office in Cyprus on demand; the registered office serves as headquarters for the company in Cyprus and it will be made public;

- setting up a bank account for the company in Cyprus; BridgeWest will help you in setting up the share capital bank account, as well as a current bank account once the company is incorporated.

- recommending a Cypriot accountant, as accounting services are needed for new businesses in Cyprus.

Incorporating a private company limited by shares (LTD) in Cyprus

The Cypriot limited company is the most common type of company and it is allowed to have at least one shareholder and a maximum of 50. Cypriot limited companies are required to have a registered office and a secretary. There is no minimum share capital required to start a limited company, but a start-up capital of 1,000 euros is recommended. The capital contributions can be made in cash or in kind and it cannot be transferred. The liability of the shareholders will be to the extent of the nominal value of their contribution.

Registering a public company limited by shares (PLC) in Cyprus

The Cypriot public company requires a minimum share capital of approximately 26,650 euros, it has no limitation for the maximum number of shareholders and their shares can be traded on the stock exchange.

Establishing a Cypriot branch, subsidiary or representative office

Foreign companies are allowed to open branch offices in Cyprus that can be independent entities or extensions of the parent company in Cyprus.

CYPRUS KEY FACTS

The corporate tax in Cyprus is set at 12.5% and it is one of the lowest in Europe.

The standard VAT rate is 19%, but reduced rates of 9% and 5% apply to certain categories of products and services.

Please contact us for more information and prices implied by opening a company in Cyprus.

Please contact us for more information and prices implied by opening a company in Cyprus.

Partner: Company Formation in Cyprus



Articles on Company Formation in Cyprus

Types of Companies in Cyprus

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The Department of Registrar and Official Receiver of Cyprus

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Open Company Branch or Subsidiary in Cyprus

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Shelf Company in Cyprus

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Guide to Company Incorporation in Cyprus

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Paying Taxes in Cyprus

  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 18%, but there is a reduced rate of 8% and 5%. There a ...

VAT in Cyprus

1. What is the VAT rate in Cyprus? In Cyprus, the standard VAT rate is 18%, 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 ...

Doing Business in Cyprus

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Company Law in Cyprus

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Foreign Investments in Cyprus

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Why Invest in Cyprus

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Setting up a Limited Liability Company (LTD) in Cyprus

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Setting up a Joint Stock Company (PLC) in Cyprus

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 ...

Lawyer in Cyprus

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Cyprus Public Notary (Certifying Officer)

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Power of Attorney in Cyprus

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Business Start-up Costs in Cyprus

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Company Liquidation in Cyprus

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Open a Representative Office in Cyprus

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Register a Non Profit Organization in Cyprus

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Nominee Director in Cyprus

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Open Business in Cyprus
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

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.