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Cyprus Company Formation - Business Setup

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5 simple steps are needed to incorporate your company in Cyprus

 
Complete our application form - Cyprus
Complete our order form and make the payment for your chosen services. You will then be assigned a client manager to assist you through the incorporation process.
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Incorporate your company successfully
Once your documents have been processed your company will be successfully incorporated subject to local authority approval.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

Cyprus Offshore Banking Options

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Cyprus Offshore Company Formation

Good to Know
Following the Cypriot economic crisis of 2012-2013, Cyprus’ economy is steadily recovering. In 2014, the Cypriot economy continued to exceed expectations due to the resilience of key sectors of its economy, such as financial services, tourism, and business services. In the second quarter of 2015, the Cypriot economy recorded growth for a second consecutive quarter — a significant development that confirms that the economy is well on the road to recovery as well as its positive prospects. In September 2015, Standard & Poor’s Ratings Services raised its rating on Cyprus by one notch saying the country’s economic and budgetary performance has exceeded its expectations.

Main Characteristics of a Cyprus Offshore Company

Company type
Private Company limited by share.
Corporate legislation
The Cyprus Bar Association is the governing authority and companies are regulated under the Cyprus Companies Law, Cap. 113.
Information published relating to company officers
Upon registering your company in Cyprus, company officers name will appear in the business registry, however, nominee services are available.
Accounting requirement
Yes
Legislation
Modern offshore legislation
Standard Currency
Euro
Time to form
Cyprus has an efficient Registry : 7 days formation time (upon validation of your identification documents).
Stability
Stable jurisdiction with very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT+2
Secretary required
Yes
Paid up capital requirement
No paid up capital requirement. The standard share capital is EUR 1,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal system
Under Common Law.
Minimum directors/shareholders
A minimum of 1 director/shareholder suffice for incorporation.
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of a Cyprus Company
A notarised copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a notarised copy of proof of domicile dated less than three months, an original personal bank reference letter mentioning good standing of the account since at least 2 years dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**








Frequently Asked Questions
Offshore Company Formation in Cyprus

  • What type of company do you register in Cyprus?

    The type of company that we form in Cyprus is known as a Private Company Limited by shares (LTD) and it is regulated under the Cyprus Company Law Chapter 113. A private company limited by shares (LTD) is the most commonly used Cyprus company type for commercial and private businesses in Cyprus.
  • Is a Cyprus Private Company Limited by shares (LTD) tax liable?

    Please refer to our complete guide about a Cyprus limited company taxation.
  • Do I need to submit accounts for a Cyprus Private Company Limited by shares (LTD)?

    Yes, an annual return must be filed annually with the Companies Registration Office regardless of whether the company has traded or not. SFM, through its partners' local accountants can take care of this formality for you.

    We will contact you in due course and ask you for documents to be able to produce accounts on your behalf. Documents requested are generally bank statements, invoices, and receipts.
  • Will my data be publicly available in Cyprus?

    Cyprus company officers’ names are publicly available to check online.
  •  
  • How many directors and shareholders should I appoint to my Private Company Limited by shares (LTD)?

    A minimum of 1 director and 1 shareholder should be appointed to setup a Cyprus limited company (LTD). The maximum allowed number of shareholders is 50, while an LTD company can have only one single director. Additionally, the appointment of a local company secretary is mandatory by law in Cyprus. Our company SFM, through its local partners can take care of this formality for you.
  • Will my liability be limited if I register my company as a Private Company Limited by shares (LTD) in Cyprus?

    The shareholders’ liability in a Cyprus limited company (LTD) is typically limited to the amount of shares respectively held by them.
  • Do I need to deposit the paid up capital for a Cyprus limited company (LTD)?

    No, there is no paid up capital requirement. The standard share capital is EUR 1000 but can be amended to fit your requirements.
  • Do I need to travel at any stage to form a company or to open a bank account in Cyprus?

    No, everything can be processed remotely. However, it is recommended to travel to meet the bank and to discuss your business requirements.


Cyprus Offshore Jurisdiction News


Cyprus Moves to Deny Shell Company Banking Services

9 August 2018
In a much-anticipated move last week, the Cyprus Central Bank began drawing up a directive for the island’s banks. The document sets down instructions that new accounts should be automatically refused for so-called “shell” or “letterbox” companies. [..]

Did you know that a $10K investment can get you a tax-free company and residency in Dubai ?

30 July 2018
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]

* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4+ out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
30-May-2024
Good service!
16-May-2024

26-Apr-2024
It was very fast and i was always informed fast and timely
04-Apr-2024
accessible, fast and competent
04-Apr-2024
I incorporated a company in Delaware and did it through SFM Corporate Services Dubai.

The company services exceeded my expectations they made it very easy for me to proceed and regularly updated me on the progress.

Xenia Tsyganova who was my Client Manager was very polite, fast and very professional through the whole process. Huge thanks to Xenia !

I would highly recommend SFM Corporate Services !
26-Feb-2024
Very professional service ! I highly recommend SFM, and I do it for all my clients.
They are able to give the best advices and open the right doors for your business.
Thank you SFM Team 🙏

SFM makes it easy to register a company in Cyprus, one of the most popular and established international jurisdictions in the world. With over 15 years of experience in corporate structuring and international company formation, SFM provides streamlined registration across multiple jurisdictions.

Cyprus is a popular destination for company formation due to its strategic location between Europe, Africa, and Asia, as well as its well-developed business infrastructure and skilled workforce.

Our team of experts will walk you through the process with just five simple steps, from choosing the appropriate jurisdiction for your company to submitting all necessary documents to the registrar. With SFM, you'll have your own dedicated account manager to oversee the entire process and answer any questions you may have.

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