What is the minimum share capital a cyprus company must have?

[MiltonStone]

What is the minimum share capital a Cyprus Company must have, and do I need to deposit this share capital somewhere ?

 

[SysOp]

The share capital must be expressed in Cyprus pounds. The minimum authorized, issued and paid up share capital of an offshore company in Cyprus is CYP 1,000. For companies wishing to establish a physical presence in Cyprus, the minimum is CYP 10,000.


Payment of the capital can be extended in time for offshore company in Cyprus.


And you don't have to pay it upfront anywhere.

 

[MiltonStone]

Thanks, helps a lot.


Can you also tell if I need a secretary service or something to register the cyprus company?

 

[SysOp]

your welcome, sure....


All Cypriot companies must appoint a company secretary, who may be a natural person


or a corporate body. The secretary is included into our fee.

 

[MiltonStone]

Thanks, so I need to find some secretary service in order to keep this going ?


Where do I get this?

 

[SysOp]

Yes that's correct, but the Agency service which is going to register the cyprus company for you will be able to provide this service.


Who are you going to use?

 

[MiltonStone]

I will use cclogic, thats why Im posting here Looks like I get a faster answer to my questions here than sending them a support ticket.

 

[SysOp]

I thought so, let me know if I can help you, I'm not working for these guy's but Im happy with their service so I'm happy to help them with by supporting their services.

 

[MiltonStone]

Thank you, just got in touch with the guy's at cc, they are very helpful, got everything started now with them, will hopefully have my comp. within a week.

 

[ebaywins09]

Are you doing progress? Let us know how everything went out, just curious since I will need the same.