Setting up a Cyprus company

Setting up a Cyprus company

WHY SHOULD YOU SET UP A COMPANY IN CYPRUS?

Enjoy the international image of having a EU company.

Optimize and plan your structures with the lowest tax rates in the EU.

Access and provision of world class financial services.

STEPS FOR SETTING UP A COMPANY:

  1. Reserve a trading name for the company (takes up to 5 working days but we have already approved company names).
  2. Approint the company’s officers- Director, Shareholder, Secretary and Registered Office.
  3. Prepare, sign and submit the Memorandum and Articles of Association of the company. (takes 10-15 days for the company to register).
  4. Open a corporate bank account with a local bank or online bank in which the share capital will be deposited.
  5.  Register and obtain a VAT number for the company and Tax Identification Code (TIC) for the company and the individual.
  6. Obtain the necessary business licenses which will allow the commencement of the economic activities, such as EORI number (needed for companies trading goods in Europe over £600 ) or LEI number (Legal Entity Identifier).
  7. If the individual is not a Cyprus resident, then the individual can apply for a Non-Domicile status.

OBTAINED CERTIFICATES AFTER REGISTRATION:

Once the above steps are completed the business will obtain the following certificates.

Certificate of Directors & Secretary

Certificate of Shareholders

Certificate of Registration

Certificate of Registered Office

Certificate of Good Standing

Memorandum & Articles of Association

Ariadne

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