CYPRUS COMPANY FORMATION

A registered office is a mandatory requirement for all companies incorporated in Cyprus and serves as the official address of the company. It is used for official correspondence and receiving important communications such as letters, notices, and legal documents. The registered office must be a physical address located within the jurisdiction of Cyprus, and it cannot be a post office box. While it is possible for the registered office to be the same as the company's trading address, it is not a requirement. Some companies opt for a virtual office service, which provides a physical address for their company without the need for a physical office space. The registered office address must be specified in the company's articles of association and registered with the Registrar of Companies in Cyprus. It is the company's responsibility to ensure that the registered office address is kept up-to-date and notify the Registrar of any changes to the address. Annually recurring fee.

A company secretary is a person or entity appointed by a company to assist in meeting its legal and regulatory obligations. The primary responsibility of a company secretary is to ensure that the company complies with the various legal and regulatory requirements that apply to it. The duties of a company secretary typically include maintaining the company's statutory records, preparing and submitting required documents to the Registrar of Companies, ensuring compliance with applicable laws and regulations, and providing support to the directors in the management of the company. In Cyprus, the company secretary can be an individual or a corporate entity, and they can be a resident or non-resident, although residency is preferred. It is important for the company secretary to possess the necessary knowledge and experience to effectively carry out their responsibilities. Annually recurring fee.

Shareholding service is offered by a private individual, providing a more seamless and refined approach. This option proves to be cost-effective in the long run, as it simplifies the documentary requirements for third-party compliance purposes. Annually recurring fee.

It is crucial for the company to establish tax residence and management in Cyprus, which is facilitated by a resident individual. This service includes the provision of a resident individual who meets the requirements, ensuring compliance with the necessary regulations. Additionally, the package includes a bank signatory service for the initial year of operation. Annually recurring fee.

Please indicate whether you would like us to apply for and obtain a V.A.T. (Value Added Tax) number for your Company.

A bound set of all primary documents of the company, certified as true copies by certification officer (notary) and legalized by Apostille. Recommended, if company documents are required for presentation outside Cyprus.

Having a bank account is not a mandatory requirement for registering a Cyprus company. You have the flexibility to open a bank account at any time after the company registration process.

Cyprus companies may own and operate accounts anywhere in the world. You are free to open the account yourself at a banking institution of your choice.

Our professional fee covers the comprehensive preparation, execution, and filing of an account application in Cyprus. We provide diligent support throughout the process, ensuring all necessary steps are taken. It's important to note that while we make every effort to facilitate a successful account opening, we cannot influence the client-acceptance rules set by the banks. The outcome of the account application is contingent on various factors, including the client's personal and business profile. Please be aware that if the bank rejects the account application, refunds cannot be provided.

Professional fee for preparation, execution and filing of an account application with an Electronic Money Institution Account (EMI). Includes all reasonable follow-up assistance. Our fees for an EMI bank account are €1500. However, each EMI has different policies in relation to required deposits, application fees etc., so we would identify suitable providers, and inform the client of available options and the relevant fees/deposits for each provider before proceeding.