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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 shows good results for new company registrations

30 December 2014
1074 new companies that were registered in November 2014. The number of [..]
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Demand for Cyprus companies is up

5 November 2014
The number of company registrations increasing for the seventh straight m[..]
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Cyprus remains popular jurisdiction for new corporate structures

13 August 2014
Over five thousand new company registrati[..]
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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
22-Jun-2014
Very efficient and always responsive.
18-Jun-2014
SFM is great, helped us a lot.
17-Jun-2014
Quick response and turnaround time - professional
17-Jun-2014
Operationally, SFM's services are exact and precise. Communication with their employee in Dubai was clear and swift, all requests were made in an organized and well fomulated way.
08-Jun-2014
I think they should explain that off shore companies ant very easy to handle when it come to register in a tax office in any country etc The rest its good, the yearly expensives are not cheap
03-Jun-2014
The SFM staff is friendly and professional, I got very good personal care. Although in the beginning I had some difficulties to be assigned to a Corporate Service Officer afterwards everything was quick and smooth. I will continue to use their services and I will recommend their service to anybody interested in offshore services.
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