How can you make me understand, the simplified process of Cyprus Company Formation?

[richardm1964]

I have checked many websites to know the details of processes to be followed for forming a Cyprus Company. But never found any articles or posts to satisfy my willingness? Anybody here to make me understand, the simplified process of Cyprus Company Formation?

 

[axelnobel]

Cyprus Company formation


The requirements for registering Cyprus Companies and other legal entities, the detailed procedures to be followed for this purpose, reporting requirements, day-to-day management, and administration issues and other relevant information.


For most sectors, there are no restrictions applicable to direct investments in Cyprus or investments via Cyprus by natural or legal persons from EU Member States or third countries. Also, there are no longer any special or offshore regimes in Cyprus.


This means that Cyprus Entities, whether beneficially owned by foreign nationals or local persons, can engage immediately into either local or international activities without restrictions or differentiation or the need for any special permission.


The formation and registration procedures


The formation and registration procedures, including various administrative needs such as printing of the company’s letterheads; opening of statutory books and the opening of the required bank accounts, up to the time the certificate of incorporation is issued, can normally be completed within a period of two weeks.

 

[mneilson]

First you have to register your company with a name after paying a fee of $1975 USD. The registration fee includes the following fees.


Apostilled registration documents and shareholder certificate.


Official Company certificate.


Memorandum of articles and registration certificate


Cyprus Company with Power of Attorney (Power of Attorney (POA)


You have to pay some Annual fees also.They includes:-


Company secretary (required by law) costs, in Euro395-USD 525


Registered office (required by law) costs, in Euro395- USD 525.


Nominee directors (optional) (per nominee) costs, in Euro 395.00 ~ USD 525.


Nominee shareholders (optional) (per nominee) costs in euro395.00-USD525.


Foreign nominee shareholder (optional) (per nominee) costs in euro795-USD120.00 Foreign nominee Director (optional) (per Director) costs in euro 795- USD 1.120

 

[Moh1]

Apreciate very much your posts, but using the below for almost any comment you make is not informative but rather disturbing!

First you have to register your company with a name after paying a fee of $1975 USD. The registration fee includes the following fees.
Apostilled registration documents and shareholder certificate.


Official Company certificate.


Memorandum of articles and registration certificate


Cyprus Company with Power of Attorney (Power of Attorney (POA)


You have to pay some Annual fees also.They includes:-


Company secretary (required by law) costs, in Euro395-USD 525


Registered office (required by law) costs, in Euro395- USD 525.


Nominee directors (optional) (per nominee) costs, in Euro 395.00 ~ USD 525.


Nominee shareholders (optional) (per nominee) costs in euro395.00-USD525.


Foreign nominee shareholder (optional) (per nominee) costs in euro795-USD120.00 Foreign nominee Director (optional) (per Director) costs in euro 795- USD 1.120

And to OP, it is very simple to register a company in Cyprus, You will need to find a few names for your company (as long as we speak a new registered company) the names need to be approved by the Cypriot authorities, this can tale up to a week, often it only takes a few days.... once the name is approved, you will need to decide if you will need nominees, this is often the best to do, since it makes things less complicated and the process is way faster (just my expirience, have tried both), now you just sit back and wait for your agency to come back to you with the corporated documents for your new registered company and thats it.


Very simple process if you choose the right service agency.