At Worldwide Fellow, our experts are readily available to assist our global clients to register a company in Cyprus. The services include company formation, providing local nominee directors, and opening corporate bank accounts.
On average, your Cyprus company can be registered within 3 working days upon submitting the necessary documents.
Typically, the process of incorporating your new Cyprus legal entity can be as fast as 3 business days, as soon as we have received all necessary documentation in order.
• Choose a business entity: Our team of experts will reach out to you and advise you on the different types of companies in Cyprus that best fit your business profile. The most common option for offshore companies in Cyprus is a Limited Liability Company (LLC).
• Choose a company name: Concurrently, we will thoroughly search the local Registrar’s Index of Names for the availability of your desired company name and reserve it. The company name has to be unique and not in use by another business.
• Appoint directors and shareholders:A company in Cyprus must have at least one director and one shareholder, who can be individuals or corporate entities. At least one director must be a resident of Cyprus. We can provide resident nominee directors and shareholders, if necessary.
• Completing all documents: Subsequently, we will collect information and assist you with the necessary documentation and registrations with the relevant authorities for your Cyprus entity.
✓ Providing Nominee Services (Director / Shareholder)
✓ Opening of a Corporate Bank Account with International Banks
✓ Providing a Local Address or Serviced Office
✓ Obtaining a Business License (if necessary)
And you’re done! After the successful incorporation of your new Cyprus entity, you are all set to carry out business worldwide. We will courier over the relevant incorporation documents to your preferred address for your safekeeping. Time of delivery varies depending on your location.
Yes, it is possible for a Cyprus entity to be 100% foreign-owned. Cyprus has no restrictions on foreign ownership of companies, which means that non-Cypriot residents and non-Cypriot entities can own and operate businesses in Cyprus.
In fact, Cyprus is a popular location for foreign investors and companies looking to establish a presence in Europe, as it offers a favorable tax regime, a strategic location, and a business-friendly environment. As a member of the European Union, Cyprus also benefits from access to the EU single market, which can be attractive for businesses looking to expand into Europe.
Cyprus offshore companies are required to file annual financial statements and pay an annual fee to the Registrar of Companies. They are also required to hold an annual general meeting and file annual returns.
No, it is not necessary to have a physical presence in Cyprus to set up an offshore company. Our team will assist you with the incorporation process on your behalf.
Cyprus offshore companies are subject to a corporate tax rate of 12.5%, one of the lowest in the European Union. They may also be eligible for tax exemptions and incentives.
Ready to incorporate in Cyprus? Talk to our experts today and get your Cyprus company up and running in no time!