Company registration in Cyprus
Cyprus is a small island in the south of the Mediterranean Sea. But this country is known not only as a tourist location but as a global business center. Cyprus is a member of the European Union. The country has effective legal system and one of the most favorable tax rates in Europe. For example, the corporate tax is only 12.5%.
What are the reasons to set up a business in Cyprus?
Basic facts about Cypriot companies
Why should you choose fintecharbor.com for firm registration in Cyprus?
Process of enterprise establishment in Cyprus
For limited liability corporations, a certified attorney prepares a Memorandum and Articles of Association. These documents include information about shareowners, supervisors, secretaries, authorized finances, and distribution of stakes.
The next documents are prepared in Greek or English and certified by a notary:
- original or authenticated copy of the Memorandum and Articles of Association;
- a statement by a lawyer that the Articles of Association of the organization are drawn up under applicable law;
- the document for appointing the director and secretary (including a copy of the director’s passport, confirmation of his actual residence, sample signature);
- documents confirming the right or the fact of renting an office;
- the paper of registration of shareholders (for individuals – passport copies and confirmation of actual place of residence, for legal entities – a certificate of registration and a copy of a certificate indicating the head office of the firm).
To open a corporate account, the beneficiaries (owners) of the firm supply the subsequent documents in English:
- a notarized copy of passport or ID;
- proof of residence, such as current utility invoices;
- documents proving the legality of income, such as income tax return;
- a letter of recommendation from a bank where an account has already been opened, or a recommendation from a business in the EU.
Some banks may also request additional documents. The list needs to be clarified with a financial institution.