Connect with us


An Easier Way To Cyprus Company Formation: Choose The Assistance Of The Best

Cyprus Corporate Services at a Glance

In comparison to other countries, Cyprus managed to register 19,538 companies in the year 2011 alone. Nevertheless, there are several factors, which make Cyprus the ideal country to register an international business company and make investments in a worldwide scale. Online searches will easily lead you to corporate and legal firms offering the following services that make your Cyprus Company Registration speedier and more convenient.

Cyprus Company Name Registration

One of the basic things that you have to accomplish before you can register your company in Cyprus is the approval of your company name. Regular processing time is around 2 to 3 days, but if you find a corporate law firm that managed to have pre-registered or pre-approved names for your picking then it will speed-up your application process.

Identifying The Share Capital

The share capital of the company relies greatly on the office, the owners wish to establish. If it’s going to be established in Cyprus, then the minimum share capital should be £10.000, since you will need a greater sum of money for the employment of possible expatriate staff. However, those who will not maintain registered offices in Cyprus may only need a share capital of £1.000. Both amounts will need to be deposited to the company’s corporate bank account after the Cyprus company registration has been accepted. The above amounts can be used to pay any company expenses may incur in the near future.

Cyprus Company Directors, Secretary and Shareholders Information

Your chosen corporate and legal firm will need the names, addresses, nationality, and occupation of the director(s), secretary, and shareholder(s). This is part of the information required by the Cyprus Registrar of Companies. You are free to choose your legal and corporate counsel as Company’s Secretary so it can handle all of the secretarial duties you will need like the minute book, the statutory book, and the company seal. This will ease your mind of worries because it will be efficiently handled by experienced corporate and legal professionals. If you choose to do this, you may also forget about the Company’s Register Office because the firm may also provide its business address as address of record where correspondences pertaining to your transactions and business dealings can be forwarded.

Approval of Residence and Work Permits

You will most likely need the papers of your expatriate officers processed so they can obtain the required work and residence permits in Cyprus. At the most, the Cyprus Aliens Law allow three expatriates given executive duties to stay and be employed in Cyprus; however, if proper justification for additional executives working for the company in Cyprus can be justified to the Central Bank then this rule can be disregarded.
Learn more about Cyprus Company Registration and the ideal corporate and legal firms most likely to become candidates for the services you will need in this country. Find someone that has been in practice for years to guarantee the highest degree of professionalism. Give them a call or leave them an electronic correspondence today. Make your business reach greater heights by having the Cyprus Company incorporated. Save on your corporate taxes and take advantage of all these benefits your company will gain.
Emmanuel Mate is a final year student of Law at King’s College London. He is specializing in corporate law matters.

Continue Reading

Recent Posts

Travel1 month ago

Best Places To Visit In The North Of England

If you live in England, you will know there are many different places to visit for the weekend. There are...

General1 month ago

Green Home Improvement Ideas

In a world where environmental concerns are growing, the concept of “green” has gone beyond a trendy catchphrase and is...

Lifestyle2 months ago

How to Host an Unforgettable House-Warming!

The time has finally come. You have moved into your dream pad, and are officially adulting in your very own...

Autos2 months ago

A Guide to Parking Lot Striping

The journey to a well-striped parking lot begins with the right paint. In this brief guide, we’ll unravel the mystery...

Business4 months ago

Business Tips For Protecting Your Finances During A Recession

In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Lifestyle5 months ago

Tips For Cleaning Your Trainers

If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...

Marketing6 months ago

Branding Trends For Start-Ups in 2023

Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...

Business6 months ago

Avoiding the Wrong Kind of Growth

Growth is vital for any business – some models, like tech start-ups, are built around periods of dramatic, explosive growth...

Business6 months ago

How To Become A Property Developer

There are several reasons why an individual will want to become a property developer. One of the main reasons for...

Tech8 months ago

What Is The Difference Between Cyber Attacks and Cyber Threats?

If you own a business that uses the cloud to manage workloads, you have probably heard of the terms cyberattack...

Marketing8 months ago

3 Types of Marketing Every Small Construction Business Should Do

Construction is a very saturated sector, whether you’re a large or small construction company, so marketing should be at the...

Business9 months ago

How Relevant Life Insurance Plans Can Future-Proof Your Business

Last year, UK inflation reached the highest level that it had been for decades. The markets became unsteady and nervous...

Autos9 months ago

In a Car Accident? Here’s How to Find a Great Lawyer

If you’ve recently been in a car accident, you know that it can be an overwhelming experience. Not only do...

Education9 months ago

Considering Therapy? Here’s a Few Common Therapy Techniques Explained

If you’re considering therapy as a means to improve your mental health, you may be curious about the type of...

home repairs home repairs
Home Improvement9 months ago

Top 5 Home Repairs You Should Never DIY

DIY home repairs are all the rage these days. But before you jump on the bandwagon, there are some things...