Posts Tagged registration
Cyprus is the third largest island on the Mediterranean Sea. The economy of Cyprus is well-off and is a suitable base for offshore business due to is efficient infrastructure. The local or off-shore companies have to be registered by the government so as to perform any business transactions in the country. Company registration in Cyprus is no hard task and the prerequisites required for one to register are not exaggerated. The registration process can take a week or less. The Cypriot authorities have authorized the Cypriot nationals, European nationals as well as the non- European nationals to register Cyprus Company.
The process of registering a company in Cyprus does not require that the shareholders or beneficiaries be on the island. The shareholder can choose anonymity by appointing a nominee shareholder, nominee director, or else a nominee secretary to represent him or her. This is possible since the Cypriot authorities issued a declaration of trust by the nominee so that interests of the beneficiary shareholder are safeguarded in support of the beneficiary shareholder(s). For that reason, the public records at the registry about the ownership of the company indicate the name of the nominee and the actual owner is not disclosed. While you register Cyprus Company one has the right to request for equal treatment whether you are a non-European national or a Cyprus citizen.
Some of the expenses that are expected to be incurred in the process of registration are; the set up fee, annual fee for nominal services incase of anonymity, accounting fee/ auditing fee, annual expenses payable to the registrar of companies, document charges, taxes and incase of consultancy; consultancy charges and so forth. The registration fees (set up fee) and charges are paid once; they are the company creation charges, normally affordable. Registering a company in Cyprus could cost from 1200 euros to 3000 euros approximately, depending on who you register with. When one submits the company name for approval they are charged 8.54 euros for the search, incase the name is urgent the fee is higher, up to 25.63 euros.
The accounting and auditing fees differ from time to time, that is depending on the variety of dealings the company carries out each month or year, and it also depends on the accountant that you use that is if it is a miniature accounting firm or one of the big companies. A registered company must have annual returns each end year which includes any changes on the company ownership or directors and so forth. The stamp used on these documents costs around 100 euros.
There are two means that one could use to register Cyprus Company which are either expedited or non-expedited. It is estimated that the time taken to register is about a week or so but this period is dependant on the amount of workload the registration department of the registrar of companies has. The first step is to give the company name to the registrar for approval, then afterwards you can fill in the forms for registration.
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.
When everything is said and done according to the structure and rules governing the institution of offshore business, Cyprus Company Formation can prove to be an efficient and effective avenue through which you can operate global trade. It’s therefore, imperative that you consider the benefits as well as let downs involved in the formation of a company in Cyprus.
The Cyprus company formation guarantees a complete external ownership of companies. It requires that at least a shareholder and a director must be included in the incorporation of the company. It does not matter the country of residence before you become a shareholder or a director; it can be from any country.
Operating business in this area has been made simpler and legal and the whole profit gain is placed at ten percent, which turns out to be the least amount in the rest of Europe trading circle. If it’s worth going by the 2009 index of economic freedom, Cyprus company formation enables you to enjoy the business climate of on the world’s highly ranked business empire. There are such activities like financial, trade, monetary, business, labor and outlay markets.
Business double tax agreements are accessed with over forty nations which includes France, USA, Britain, Japan, china, Canada etc making the formation of a company an interesting activity in this part of the world.
Healy consultants have now gotten a leeway to form corporate bank accounts with stable banks like standard chartered, HSBC as well as Citibank; thanks to Cyprus company formation.
The incorporation of a Cyprus bank is the best option for all your investment deals and will prove to be a good haven you’ll never say die.
Cyprus company formation turns out to be a place all entrepreneurs can seek refuge in all their global transactions. Before you make up your mind about joining or entering into Cyprus corporations, weigh the variables clinically to be certain about the needs of the market in terms of offshore companies. Try to study the legal framework that surrounds the international exchange, its face in the eyes of the world in terms of performance, the political current and the strength of the economy.
You will have to play it clever since some dark clouds are notable when it comes to Cyprus company formation relating to online businesses. The problem of tax haven brought into play by certain legal setups will haunt you to the later if you fail to take you good time in forming a company.
The problems associated with yearly accounts submissions to Cyprus department dealing with revenue are handled by reputable consultant firms. They provide safe, efficient, effective and well coordinated services to help you over the stiff statutory assignments.
Cyprus company formation guarantees you the needed safety to your investment. The corruption rate is substantially low basing on the figure of transparent international report of 2008. This point makes up the days roundup since the economies of the world are now engulfed in a cope web of corrupt deals.
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 indivudals worldwide, no need to visit Cyprus.