Cyprus Company at a Glance
Company type: Limited Liability Company (LTD).
Applicable Law: The Cyprus Companies Law, CAP.113;
Company name: Desirable names are submitted to the Registrar of Companies for approval. It can take between 2-5 working days to get a name approved. Name application can be rejected due to similarity with Company names already registered. Company names must end with the suffix LTD or LIMITED;
Incorporation timescale: After name approval, it usually takes 5-10 working days, depending on the workload of the Cyprus Registrar of Companies;
Shelf Companies: YES available;
Registered office: YES it is a requirement. A physical address is needed, and not a P.O. Box;
Company Secretary: YES it is a requirement and can either be a natural person or a legal entity, preferably Cyprus resident, but can be of any nationality;
Company Director: YES it is a requirement and can either be a natural person or a legal entity, must be a resident of Cyprus in order to meet residency criteria for tax purposes;
Annual Returns requirement: YES
Financial Statements requirement: YES
Same person or legal entity can act as Shareholder (Member), Director and Secretary;
Minimum 1 Shareholder (Member), maximum 50;
Minimum share capital: Usually 1000 shares of EUR1 each;
Details filed with the Registrar of Companies and found on public record: Memorandum & Articles of Association, Shareholder, Director, Secretary and Registered Office. The identity of the Beneficial Owner can be protected through the use of Nominees.
Strict confidentiality laws apply;
Anti-money laundering legislation in place? YES
Double Taxation Agreements in place? YES, please contact us for a full list of countries with which Cyprus has entered into Agreements for the avoidance of Double-Taxation;
Corporate tax: Uniform 12.5% on profits.