Cyprus Company (limited by shares)

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Complete package for Cyprus Limited Company

 

 


What we need from you to register a company in Cyprus ?

 

  • details of at least One Shareholder (natural person or company)
  • details of at least One Director (natural person or company)
  • details of at least One Secretary (can be one of Directors)

Our registration fee includes both Registered Office and Registered Agent in Cyprus as well as all company documents.

 

*** For additional charge you may appoint our Nominee Director or/and Shareholder and Secretary. Please, specify in the order form if you need nominees.

£1300

 


What you get for the above price

 

This complete package includes everything to meet registration requirements and to have your company registered with your own Director(s) and Shareholder(s). After registration you'll receive the following:

 

  1. Registered address and agent for 1 year
  2. Certificate of Incorporation
  3. Memorandum and Articles of Association
  4. Minutes of the first meeting of Directors
  5. Share Certificates
  6. Combined Register of members

 

Additional services and documents may be ordered too (including Nominee Director and Nominee Shareholder). Please, specify on the order form.


Annual Renewal

 

Every year you have to renew your company to continue trading and to keep your company in Good Standing.

 

The cost of Annual Renewal is 600 GBP and includes:

 

  1. Registered address for the next 1 year
  2. Registered agent for the next 1 year

 

Additional Charges

 

If you ordered Nominee services, these have to be also paid for according to your original order.


 

Some details of a company in Cyprus

 

Minimal formation requirements

Only one Director and one Shareholder required and this may be a natural person or a corporate body. The same person (company) can be both Director and Shareholder.

 

Time scale

Incorporation of Private Company Limited by Shares can take up to 6 weeks.

 

Taxation

Cyprus is not a tax free zone. A Cyprus company pays a 10% Corporate Tax on profits made by the Cyprus Company. However, one of the biggest benefits of Cyprus company compared to Offshore ones is that Cyprus company accesses double taxation treaties with more than 40 countries in the world.

 

The offshore regime in Cyprus has changed as part of the island's accession to the EU, and as a result of agreements with the Organisation for Economic Cooperation and Development (OECD). Cyprus was excluded from the OECD's June 2000 'harmful' tax haven blacklist in return for pledging a commitment to amend its tax practices.

 

Also, there is no withholding tax on dividends paid to non-resident shareholders.

 

No trading limitations

Because Cyprus in no longet an offshore jurisdiction but rather a "low tax" zone, company registered in Cyprus does not have such limitations as International Business Corporation and therefore may, if required, trade in Cyprus itself to access the same taxation rate as other resident companies.

 

Registration aspects

In order to form a foreign-owned company, a bank reference and copy of the owner's passport is required for the registration. The bank reference must be issued by a bank included on the Central Bank of Cyprus's list of qualifying banks

 

Shared capital

Standard shared capital of 5000 CYP will be declared and one share worth 1 CYP will be issued (paid off)


What it costs

 

Registration of a company itself costs 1300 GBP. Depending on what other services you require, the overal cost may differ. Our prices are all inclusive of any taxes and fees and there are no hidden charges. Summery of our prices is on the right hand side, however please read through the order form carefully to make sure you pick everything you need.

 

What you get.

 

The following documents will be sent to you by courier post:

 

  1. Certificate of Incorporation
  2. Memorandum and Articles of Association
  3. Minutes of the first meeting of Directors
  4. Share Certificates and Register of Members
  5. Company seal

 

When you order nominee services you also get:

 

  1. Power of Attorney from nominee director/shareholder
  2. Indemnity form
  3. Nominee services agreement

 

Certified and Appostiled documents

 

If you require Certificate of Incorporation to be apostilled, please, specify it on the order form at a time of the order to avoid delays in future. You may, however order appostiled copied of any of your company documents any time after registration of the company.

 

About Nominee services

 

Nominee shareholder and nominee director services also available if required. Please, specify on the order form if you require any of these.