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Company registration procedure in Cyprus

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Borevych Mariia
Lawyer
Ukraine / Kyiv
Borevych Mariia

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Reading time: 5 minutes Total views: 83
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Publication date: 21.05.2024

I am your personal lawyer. My goal is to help the client find the best solutions for current legal issues.

 Cyprus is a country located on the Mediterranean basin, divided into northern and southern parts. The southern part is officially known as the Republic of Cyprus, while the northern part is called the Turkish Republic of Northern Cyprus, but is recognized only by Turkey.

 

Cyprus is an important financial, tourist and trade center in the Mediterranean. The main cities are Nicosia (the capital), Larnaca, Limassol and Paphos.

 

         On the business side, Cyprus is known for its attractive fiscal policies, including low taxes on corporations and investment funds. Many companies use Cyprus as a base for their international operations due to its tax advantages and strategic location and registration of offshore companies in Cyprus.

 

         To register a company in Cyprus, you will need to contact the relevant government authorities and follow the procedures and requirements related to registration and business operations in this country.

 

How to register a company in Cyprus. The procedure for registering a company in Cyprus includes the following steps:

1. Choosing the right company form: Choose the type of company that best suits your needs. The most common types of companies in Cyprus are Private Limited Company and Public Limited Company.


2. Company name reservation: Make sure that the company name you choose is unique and not used by other companies in Cyprus. This can be done through the Cyprus Enterprise Register.


3. Preparation of documents: Collect all necessary documents for company registration.This may include the company's charter, founding documents, documents confirming the identity of the company's owners and directors.


4. Application submission: Submit an application for the registration of your company to the Cyprus Enterprise Register. This can be done through a registration agent or directly via the Internet.


5. Payment of Registration Fees: Pay the applicable registration fees to complete the registration process.


6. Obtaining licenses and permits: After successful company registration, you can obtain the necessary licenses and permits to carry out your business activities in Cyprus.

 

            Company registration in Cyprus cost. 

The cost of registering a company in Cyprus can vary significantly depending on several factors, such as the type of company, the services of a consultant or registration agent chosen, as well as any additional costs associated with obtaining licenses, administrative services and other factors.

 

            Registration of a company in Cyprus independently. 

Yes, you can try to register a company in Cyprus on your own without involving a registration agent or consultant. However, it is important to understand that the process of registering a company can be complex and requires careful familiarization with local rules, requirements and procedures. Please note that Cyprus company registration procedures and requirements may vary depending on the type of company and other factors.

 

It is recommended that you seek professional legal advice or hire a registration agent to help you register your company in Cyprus.

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