Cyprus Company Formation - Why Register Your Company in Cyprus?

[JohnAlley]

Cyprus Company for your immediately registration of a European Offshore company with free help to setup your company here.Cyprus is a place located in the Eastern Mediterranean exactly at the cross roads of the three continents namely Asia, Europe and Africa. It has both hot and cool climates. The area covered by Cyprus is about 9251 sq. km. Some of the languages that are spoken inCyprus are Turkish, Greek and English. Many business companies are being established in Cyprus. Cyprus government has framed a law such that it permits the formation of many business entities. Cyprus branches of foreign companies, limited partnerships, private companies limited by guarantee, private companies limited by shares are some of the companies that are formed in Cyprus.



The reason why millions of business men have chosen Cyprus for establishing an international business company is because of its better tax planning. Cyprus will never offer brass plate companies. Greater tax incentives are offered by Cyprus because of its worldwide network of double tax treaties and also because of its favorable tax regime.Specialty of CyprusExcellent air and port connections and telecommunications are available in Cyprus. Paphos and Larnaca are the two international airports available in Cyprus. It also has its ports which are located in Larnaca and Limassol. Cyprus may be regarded as a free enterprise economy. Apart from airport and port facilities, excellent bank facilities are also available in Cyprus. Both offshore and onshore banks are available.Steps involved in registering a company in the island of Cyprus

• Application procedure for formation of an IBC
• The application form should be filled completely and mailed to them.
• The proposed share holders passport and bank reference (photocopy) should be sent to them using fax.

Next the number of companies who proposed their names will be taken to the register of companies for approval. This generally takes about two to four days.After getting approval from the register of companies, the articles and memorandum of the association of the company are need to be prepared and should be sent to the register of companies for registration.To enable drafting, a detailed description about the main activities of the company is required.Some of the conditions includes that there must be a minimum of one share holder, at least one foreign or local director, etc.Finally a company secretary should be appointed and also the address of the registered office should be specified. These specifications are required by the law.Certificates required:Once the company is registered in the register of companies, some of the documents and certificates should be produced. Some of them are mentioned below:

• Certificate of share holders
• Certificate of directors
• Certificate of registered office
• Certificate of incorporation
• Declaration given by the nominee share holders

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[DeMajor]

I have always been very happy with my company in Cyprus. When I decided to start I consultant an agent that advertised to be able to do Cyprus company formation and asked if it really was the best to do in my situation with my business activity that mainly is taking place in Europe. We discuss forth and back over weeks to sort out all up/downs for the jurisdictions in question i.e. BVI, Malta, UK & Cyprus.

 

[haslan]

The major benefits in my point of view are:

1. European offshore company with total privacy
   
2. Option to open real merchant account in Europe for this company
   
3. Option to open a real bank account in Cyprus for this company
   

Everything is delaed with remote, no need to visit or to meet with anyone. Beside that it seems to be recognized as an legit setup towards authorities and that means less troubles and discussions. Cyprus is part of the European Union and structured right 100% legit with the lowest tax to be paid in the European Union.

 

[Rahul shetty]

I think for the opening company in Cyprus there are some hurdles which come into your way... Cyprus government is getting more strict regulations if anyone wants open a company in Cyprus living outside

 

[Sany zeth]

Thank you. This information is very helpful. I was having some queries regarding setup but now after reading your post , i have got the information required

 

[TonyJuly]

I have always been very happy with my company in Cyprus. When I decided to start I consultant an agent that advertised to be able to do Cyprus company formation and asked if it really was the best to do in my situation with my business activity that mainly is taking place in Europe. We discuss forth and back over weeks to sort out all up/downs for the jurisdictions in question i.e. BVI, Malta, UK & Cyprus.

Thanks Demajor. Who did you use? Can you recommend any agents ?

 

[DeMajor]

My agent went out of business so I asked Admin to what to do, he recommend me Offshore Company Formation - We form your offshore company here they have sorted it all out for me, I'm happy with their service.

 

[haslan]

I think for the opening company in Cyprus there are some hurdles which come into your way... Cyprus government is getting more strict regulations if anyone wants open a company in Cyprus living outside

As now they are not more strict!

 

[JohnLocke]

Seems they are not that strict compared to Seychelles which is going crazy!

 

[JohnSeed]

It's easy to register a company in Cyprus and it's a walk in the park to open an merchant account and bank account!

 

[TonyJuly]

Hi all, I'm considering opening a Cyprus company. Can I get a few recommendations by forum members of 'value for money' reputable companies who can offer Cyprus company formation, bank account opening and annual accounting ? Also what are the implications of opening a Cyprus company when the sole director resides in France - as I believe the French govt view where the director is residing for tax purposes ? Lastly, can a nominee Director be appointed in Cyprus to maintain that the company is 'really' run out of Cyprus - not France!? All answers appreciated. Thanks.

 

[AlicaFunk]

I asked Admin to help to find an agent for a Cyprus company. When I first started to research on Google I was asking lots of companies I found for costs and information. I found my self lost until I suddenly found this forum where I could read about all what I didn't could get answered so I decided to contact Admin and got company + bank account in Cyprus for total costs 2895 euro.

 

[JohnLocke]

as I believe the French govt view where the director is residing for tax purposes ?

Simply appoint a nominee director + shareholder and no one will ever find out that the company belongs to you.

Lastly, can a nominee Director be appointed in Cyprus to maintain that the company is 'really' run out of Cyprus - not France!?

Yes that's possible. It's even possible to appoint foreign nominee director and shareholder so the company can be registered non resident.

 

[myhand]

Some of the major reasons for me to start the process of registering a Cyprus company is to have the possibility to bank in Europe and even get payment processors to accept me.

 

[negon]

After all there are good reasons for why we want a company in Cyprus, what I would say is that one need to think about how to go about it

 

[cosmo]

Nice article I want to hope that everyone interesting in a Cyprus Company will read above so they understand what it is they need