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Cyprus Company Registration


Legal Form of a Company in Cyprus is considered a separate legal entity and may take the form of a public or private LLC (Limited Liability Company). This can be a Company Limited by Shares or a Company Limited by Guarantee. Generally, the most common option is a private LLC by shares.

Cyprus Company name must be selected and submitted to the Cyprus Registrar of Companies for approval. This procedure in Cyprus generally takes approximately 3 to 5 working days.

Memorandum and Articles of Association must be prepared by a licensed legal practitioner and submitted to the Registrar of Companies. These two documents specify the activities in which the company engages, and the rules governing the management of the company.

The number of shareholders in a private LLC can be anywhere from 1 to 50. The number as well as the personal details of the shareholders, including address and nationality, must be submitted to the Registrar of Companies.

Share Capital refers to the minimum amount of share capital of a private LLC. The most common share capital is 1000 shares at 1 euro each. Additionally, there is no specific currency requirement, which means that any currency is applicable.

The minimum company Directors and Secretary for a private company is one. The law also requires a Cyprus company to have a secretary, who can either be an individual or a corporate person.

A company registered in Cyprus must indicate a registered office and address in Cyprus, which must then be submitted to the Registrar of Companies.

The timeframe for registering a Cyprus company when all information is submitted to the Registrar of Companies and all compliance checks are completed, the process takes is approximately bettwen 5 to 10 working days.

Company compliance review with anti-money laundering laws and regulations, relevant people and entities must be submitted for review by the Registrar of Companies prior to proceeding with company incorporation.

Non-Tax Resident Companies are required to submit tax returns with the Tax Authorities as well as the Registrar of Companies, indicating that the tax returns relate to a Non-Tax Resident Company, and also note in which country it is to be taxed. In addition to the above, Non-Tax Resident Companies are also required to submit annual accounts to the Registrar of Companies.


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