To register Cyprus company, the certificate of incorporation needs to be drafted in both English and Greek. This calls for one with good language skills in both of these. The chosen directors and the company secretary will also have to sign the document that has been duly drafted in order for its authentication. The company’s holdings need to be worked out such that the share value meets the guidelines of the state; this is also required to be documented by the company secretary. For registration the board needs to pick out a location from which they can have the company operations have their basis. This will be the physical address given for reference to the company’s clients and supplied when the company requires any form of written authentication from the state.

Prior to register Cyprus company one must have a comprehensive memorandum of understanding agreed upon by a certain number of directors as specified by the state. In absence of such a document the state offers a number of guidelines by which the company’s interests are to be governed. Quite a number of the company’s activities need documentation including the issuing of shareholder certificates and a certificate for the company address.

The firm may need to have a personal underwriter in the form of a financial institution preferably a commercial bank. The duration held on the board by the directors needs to be finite and thus there is need for an undated letter of resignation from these part of the company’s stakeholders. Along with this, the company needs to institute its methods of money transfer and the type of authentication needed for such operations, thus the cash flow in the firm is duly regulated providing a stable environment for growth and creation of economical value.

Company meetings need to have someone taking down their minutes and before its registration, the company will have to supply the minutes from its first meeting. And with the company’s inception any activities that might have been engaged in before its formation might need to be supplied since they are to register Cyprus company. It is therefore important to note that if the shareholders had been dealing originally as a partnership, the state regulations require the documentation of previous operations dealt in be submitted, in that capacity.

With the company needing a specified period for registration one may require the services of an agent who will help them in obtaining services without any hassle.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

Cyprus company formation fees include Cyprus company formation or registration fees which stands at United States dollars 1.975. However a ready made shelf companies goes at USD 2.375. The registration fees include Power of Attorny (POA), Memorandum of association and articles and registration certificates, official company certificate and apostilled registration document and shareholder certificate.

After the company has been set up, further payments are to be made in different lines annually. The lines include company secretary which is required by the Cyprus company formation law and rates at USD 525.00; registered office as is required by law of USD 525.00; nominee directors’ fee of USD 525.00 per nominee carried out by the business corporation; nominee shareholder’s fee of USD 525.00 per nominee, foreign nominee shareholder fee of USD 525.00 per nominee; and foreign nominee cost of USD 525 Per nominee. It is important to note that nomination of both foreign and internal shareholders, directors is optional.

Once all the required information and costs have been settled, Cyprus company formation will take between one to two weeks duration to fully incorporate a company. however if you go for companies on the shelf, you are required to wait for one day to get started with your acquired company documents and other necessary requirements.

Cyprus company formation’s accounting records are usually kept by all companies in its territory as is required by the law. Financial statements must also be submitted to the Inland Revenue and registrar of companies within its boundary for auditing purposes. All the companies under its jurisdiction are required by law to pay 10 percent TAX on all profits, however if the company is registered by IBC no tax is charged.

Unlike other companies, Cyprus company formation demands passport or any picture ID copy, phone or electricity utility bills usually presented in English, and an n agreement sent on request to the client.

Finally it is worth noting that the cost of annual accounts preparation for the company depends on the amount of transactions made on your behalf. These services are providing by practicing accountants and auditors who are offering these services at affordable rates. Apostilling of the documents outside the country will cost euro EURO120 due to foreign bank requirements. All the proceeding payments for offshore company address and secretary are set at euro EURO690.
Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.