Cyprus is an emerging business hub, which gives space to many foreign business companies to establish their firms. As per geographic location, Cyprus is a crossing point between Asia, Africa and Europe, which makes suitable for many International Business Companies to set their offshore company
In order to have a firm in the island of Cyprus, the concerned Company should be registered to the Government of Cyprus. There are lots of companies, which helps the investing company to register in the government of Cyprus and to become a part of the Cyprus Company Formation. Each company offers different options for registration and provides better guidance to achieve the requirement. The companies have legal experts and professionals to guide you under the Cyprus Laws and make everything legal.
Let us have short look on the necessary requirements for a company to register in the Cyprus government. There are some basic steps to be done during registration and all the information provided by the registering company should be authorized by the native country.
Proposed Name of the company:
The Company should propose two or three names to the Registrar of the Companies for the authorization. There should not be any company previously with the proposed name and also the proposed name should come under the Cyprus Company Formation.
Objects and Activities of the company:
A detailed description of the activities carried out by the company in the country, in which the business will be carried out, should be submitted during the time of registration. Based on the activities of the company, the transaction details notes and articles of Corporation are prepared.
Standard Share Capital of the company:
The Companies should submit the information about the shares and the capital of the company. There are no strict requirements for the number of shares, but it is recommended to have 10,000 shares during registration process.
Reference Number is very important to register a company in the Cyprus Island, since it is mandatory as per the Laws of Cyprus.
Company Directors and Secretary:
For the sake of taxation, it is recommended to have local directors for the incoming International Business Companies. Also the company should accomplish the names of Secretaries, since it is one of the basic requirements for registration of the Company.
Registered Office Address:
The company should have a registered Office Address while registration process. This will be handled by the private agencies, since they provide their address for the registration.
About share holders:
The Company should deliver the information about the share holders and there is an option to register as anonymity with the Trustees.