Basically, most of the business men in Cyprus use an offshore trust to protect their privacy either on their assets or their investments. They achieve this simply because offshore trust is the highest level in terms of privacy. (more…)
No CommentsMost people steeped in business activities outside their home countries always look for anonymity, complete asset protection and full proof privacy. The Offshore Trust formation Cyprus offers all this beneficial needs and much more. (more…)
No CommentsHaving your business registration completed is a very essential move towards establishing your company’s identity. There are very many things to note in Cyprus company formation. The notable things include:
Company name:
Make sure it is clear that your company is a private limited company. Add the word limited or simply its short form ltd at the end of your company name. In case you register your company in Wales, add the word cyfyngedig or cyf instead of limited. If the name is similar to another company name, includes the name endings in between or at the start, is offensive, has sensitive words, or hints of imagined connections with the government then it will not be accepted. The company must display its name conspicuously using clear letters and good spacing.
Articles of association:
This is a mandatory requirement for your company to have an article of association showing how people for example shareholders and company directors relate to one another and rights or obligations in the company. It also has some rules concerning the company shares and what can be done with the shares.
Memorandum:
This serves to regulate the activities of the company with outsiders. It defines the relationship of the company with the objects of power, office address, its name, its type as well as specifying the authorized shares of the company.
Share certificate:
For the formation of a company to be possible in Cyprus, there is need for the company owners to have a minimum of 2000 shares valued at 1 euro per share.
Certificate of Shareholders and directors:
Foe any offshore company to be deemed fit for establishment or registration in Cyprus, it must have a minimum of one shareholder. In case the beneficial shareholder require full anonymity, then it is possible for our business corporation to use its own nominee companies to hold shares in trust without having to displaying to the public the names of the shareholders.
However, if the shareholder does not want to be dealt with as anonymous shareholder the shares can be put in the shareholder(s) names.
On the other hand there is need for at least one director for a shelf company to be registered in Cyprus. If the business is of the category of international business company, not more than one director is required a broad.
Local directors and the director appointed a broad can run the business activities with the help of beneficial shareholders in order to facilitate the smooth flow of activities.
Secretary:
According to Cyprus laws, at least one secretary is required for the establishment of the company to be effected. You ca also get your secretary nominated to you by the corporation if you so wish.
Bank reference:
It is mandatory for all beneficial shareholders to have a bank reference.
Office address:
All companies operating in Cyprus must have an office address that is registered, which can serve for administrative usage.
Finally, it is better to note that the span of carrying out a registration exercise may run between seven to ten days. After this duration you can be sure to have your own company’s certificate of incorporation/shareholders/registered address/director and secretary, memorandum and articles of association, share certificate and trust deed and any other required document.
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.