Posts Tagged Cyprus shelf company
If you want to register a company in Cyprus, first of all, you will have to think of two or three alternative names for your company. These names will be submitted to the Registrar of Companies for approval. If the name suggested is already in use by any other company operating abroad, then a letter of consent is required from that company. In order to draw up the Memorandum and Articles of Association, the main objectives or purpose of the company to be registered in Cyprus must also be provided by the owner.
It is important that the company going to be registered in Cyprus has at least one shareholder, so that the shares may be registered in his name. However, in case the shareholder desires anonymity that can also, in most cases, be provided while registering a company in Cyprus. Company law in Cyprus also requires that every company in Cyprus, at the time of registration, should have a secretary. Another important legal requirement before registering a company in Cyprus, is the address of a registered office. Moreover, a bank reference is also required for each shareholder of the company. Any company to be registered in Cyprus must issue a share capital of at least 2000 shares, each comprising 1 Euro.
Foreigners no longer require the permission of the Central Bank of Cyprus to hold shares in, or register a company in Cyprus. Everyone, including Cypriots, Europeans and non-Europeans are treated equally, and the registration procedure has been overtly simplified. During the registration of the company in Cyprus, the beneficial shareholders need not be present in person. A company registered in Cyprus, comes into its own when used as part of a well designed international tax strategy.
Two ways can be taken while registering a company in Cyprus – the expedited and the non-expedited. Although there is no set time within which a company is registered in Cyprus, generally it takes within 10 to 18 working days. However, this period may vary depending on the workload of the Registrar of Companies, as well as whether the additional fees for the expedited service have been paid or not. The tax incentives in Cyprus, make it an attractive place for entrepreneurs who want to register ans start operating new companies and business corporations.
CCLOGIC.COM has specialized in the Cyprus Company Formation and opening of Cyprus Bank Accounts for clients worldwide, our satisfaction rate towards our clients is high, that’s why we register Cyprus companies on a daily basis for many clients all around the world. Beside the Cyprus company formation, we incorporate companies in Belize, BVI and the Seychelles as well.
We are happy to announce that we now have a about 20 Cyprus companies ready for sale and which are registered in the years 2006 and 2007, those companies can be bought immediately and can be a perfect instrument for a fast and secure incorporation in Cyprus. Read the rest of this entry »