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Cyprus Offshore Company Registration - Business Setup

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5 simple steps are needed to register an offshore company in Cyprus

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
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. [..]
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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. [..]
Continue reading

Economic forecasts for Cyprus are positive through 2018

11 August 2016
A Bloomberg survey of 9 economist’s forecasts for Cyprus’ economic indicators through 2018 is good news for the Cyprus economy. According to the survey the average forecast for GDP growth in 2016 is 2.5%, for 2017 it is 2.1%, and 2.1% in 2018.[..]
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* 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

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
05-Nov-2014
Good, but little slow with the operations
28-Oct-2014
SFM has been efficient, supportive, and professional. Very patient and re-assuring!
22-Oct-2014
Stayed committed to helping throughout the process. Response time to emails was typically within a day (that's good). I started during holiday season which slowed the process by a couple of weeks. During regular season, time to complete would be as advertised on the web site. Thanks :)
21-Oct-2014
Uncomfortable delay in setting up the company but the communication was very professional. That helped in being "patient". Will recommend.
14-Oct-2014
The service provided by SFM to me was simply excellent. Very good value for price paid. Fast Service. Exquisite. Solve all your questions with straight answers. Monitored throughout the process of the application to the end and also in my own language.
08-Oct-2014
Overall the service is ok. Not above average though. The person that handled my business was available most of the time. The length of time that took though to make all arrangements needs to improve.
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