The Cyprus Company at a glance
- Company type: LTD (Limited Liability Company). Also referred to as an: I.B.C. (International Business Company)
- Applicable Law: The Cyprus Companies Law, CAP.113;
- Company name: Desirable names are submitted to the Registrar of Companies for approval. It can take between 2-5 working days to get a name approved. Name application can be rejected due to similarity with Company names already registered. Company names must end with the suffix LTD or LIMITED;
- Incorporation timescale: After name approval, it usually takes 5-10 working days, depending on the workload of the Cyprus Registrar of Companies;
- Shelf Companies: YES available!;
- Registered office: YES it is a requirement. A physical address is needed, and not a P.O. Box;
- Company Secretary: YES it is a requirement and can either be a natural person or a legal entity, preferably Cyprus resident, but can be of any nationality;
- Company Director: YES it is a requirement and can either be a natural person or a legal entity, must be a resident of Cyprus in order to meet residency criteria for tax purposes;
- Annual Returns requirement: YES
- Financial Statements requirement: YES
- Same person or legal entity can act as Shareholder (Member), Director and Secretary;
- Minimum 1 Shareholder (Member), maximum 50;
- Minimum share capital: Usually 1000 shares of EUR1 each;
- Details filed with the Registrar of Companies and found on public record: Memorandum & Articles of Association, Shareholder, Director, Secretary and Registered Office. The identity of the Beneficial Owner can be protected through the use of Nominees.
- Strict confidentiality laws apply;
- Anti-money laundering legislation in place? YES
- Double Taxation Agreements in place? YES, please contact us for a full list of countries with which Cyprus has entered into Agreements for the avoidance of Double-Taxation;
- Corporate tax: Uniform 10% on profits (5% on interest, 0% on dividends).
