Registering a company in Cyprus can be quite simple especially if you follow the correct procedure and provide all information that will be needed. Business registrations in Cyprus do not take a lot of time too and may take less than ten days to complete. The process is quite clear and you will be told all the documents you need to provide. To register offshore company in Cyprus you can find a suitable person or company that is experienced to help you.
The first thing you need is a business name which you have to apply for. The name has to be approved and has to adhere to the guidelines that have been set for all business names in Cyprus. You will be required to give at least three suggestions of names to the Registrar of Companies. Important is that it be unique and not to look like that of an existing company.
After you have a name for your business you can proceed and have all other required documents such as the Memorandum of Understanding and Articles of Association. It is important that you decide which type of business you want to operate since you will have to give a detail of all the activities the business will be carrying out. Have clear objectives for your business proposal so you can improve the chances of your application being approved.
Provide information for share capital as required as well as shareholders and their number of shares that will be issued. The rule is that the share capital for all business be expressed in Cyprus pounds. You must have some shareholders for the company because it is required that each company should have at least one shareholder. Each of the shareholder’s bank reference information is also a requirement.
It is also mandated that you have registered offices to register offshore company in Cyprus since the address will be needed. Mandatory too is for all companies to have a company secretary who will be appointed and the details provided to the registrar. You will also obtain a tax number that will be used in all your company invoices when the business starts to operate.
With all these information ready and given to the Registrar of Companies in Cyprus, you only have to wait for the approval notice. The registration is completed after you obtain the necessary certificates for the business. If your business requires VAT, you will also require registration for it where you will fill out a form F.P.A 101. With the business certificates; Certificate of Incorporation, Certificate of Directors and Secretary, Certificate of Registered Office, Certificate of Shareholders and the Memorandum and Article of Association, you can then register for income tax.
Other business registrations include obtaining work permits depending on the type of business you are opening as well as registering with the Employers Registry. However, there are fees to be paid in order to register offshore company in Cyprus which must be paid for any application to be processed.
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