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Cyprus Company Registration

More Information
Steps to company formation - 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.
 
 

Banking Options

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Cyprus Company
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
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.
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 the 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 (with Apostille), an original or notarised copy of a proof of domicile (issued within last 3 months), an original personal bank reference letter mentioning good standing of the account since at least 2 years and a curriculum vitae.**






Cyprus Company Formation


Cyprus 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
29-Sep-2020
We rate our experience with SFM and the SFM employees we dealt with, as EXCELLENT.

We chose SFM from among multiple companies for the following reasons:

1. Professional website, with clear information and data.
2. Competitive pricing.

But that was not enough for us to choose SFM. So, we decided to meet with SFM. Mr Owiss Refaat (Business Development Manager) welcomed us and answered all our questions clearly and transparently, in addition to providing us with additional advice and suggestions as to what could be best for us.

This was our first dealing with a professional SFM employee who knew what he was talking about.

After that meeting, we decided to proceed with SFM.

SFM assigned to us Ms. Myriam Farahoui (Senior Client Relationship Manager) to assist us with the incorporation of our company in Ras Al-Khaimah.

Myriam displayed an excellent combination of professionalism as well as true friendly customer care throughout our communications and during the entire company registration process.

The communication process was excellent. Requirements and processes were being clearly presented to us. Our questions were being answered promptly, and it is important to note that the answers were not rushed out, half answers. Myriam had our best interest in mind. For example, for one of our important questions related to company classification and activity code, she got us the best answer by contacting the authority and getting us their advice and suggestion on what would be best for our company.

Myriam Farahoui: 10/10, 5 Stars *****

SFM: Highly recommended.
17-Jun-2020
Excellent services , rapidité et professionnalisme .Grace aux professionnalisme de Myriam Farahoui tout a était très bien organisé avec rapidité . Personne très compétente .
Merci de vos service .
11-Jun-2020
I would like to thank Myriam for the extremely professional service that she gave me to get everything in order and expedite the formation of the company. I will definitely recommend your company and Myriam to others.
04-Jun-2020
Company creation support is fine. However the support to open a bank account is rather poor.
21-May-2020
Very poor experience, I wired money on January 29th. After many emails asking them to send me documents they just delivered just one document (Apostille) on May 19th. Today is May 21st and I still haven't received other documents such as POA and without it I can not do anything. They kept stalling and excusing with Covid 19 why they can not send by DHL !? When I was including supervisor in email communication, there was no any reaction, no replay...my agony with them last now for approx. 4 months and it is not over yet.
Strongly recommend to avoid this company to cooperate with!
26-Jan-2020
Professional work and Very helpful staff
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