COMPANY FORMATION – CYPRUS

Cyprus Company formation is fast and easy, from €700

A Cyprus Company is a low tax solution suitable for all types of businesses, particularly those operating within the EU and with VAT considerations.

Company Requirements:

Company Formation Requirements
  • Company Secretary:  Must be resident in Cyprus (We can provide a nominee Company Secretary)
  • Registered Office:  Must be located in Cyprus (We can provide a nominee Registered Office)
  • Company Director:  At least one Director should be resident in Cyprus for the company to benefit from Cyprus Company tax at 10%. the minimum age for a Director is 18 (We can provide a nominee Director)
  • Shareholder:  We can provide a nominee shareholder.  This provides extra confidentiality
Company Reporting Requirements
  • Annual audited accounts; tax return; submission to Companies House
  • VAT: – Registration threshold is required when taxable supplies in Cyprus reaches €15.600 (See Cyprus VAT for more information)
  • VIES (VAT information exchange system):-
We can complete and perform all the above reporting requirement on behalf of the company

Company Documents will include:

Registration of a new Cyprus Company including:

  • Provision of Memorandum and Articles of Association in Greek and true translation in English
  • Certificates of Incorporation
  • Certificate of Shareholders
  • Certificate of Registered Office Address
  • Certificate of Directors and Secretary

Costs:

Prices start at €700, but the total formation cost depends on the services provided.  Please see Prices and fess for details

Formation Process:

STEP 1
  • You email us the Information Form with scanned copies of supporting documents including the following and payment:
    • Passport
    • Proof of address (Utility bill etc)
    • Bank Reference (if a bank account is needed)
STEP 2
  • We send you the following for signature
    • An extract of the Memorandum & Articles
    • Bank account application forms
STEP 3
  • You return the above with the due diligence documents
STEP 4
  • Upon receipt of the above, the company registration is completed and bank account opened

COMPANY FORMATION: INFORMATION REQUIREMENT

INFORMATION ABOUT THE NEW COMPANY Country of Incorporation

  1. CYPRUS

Preferred names for the new Company (in priority order)

  1. ______________________________
  2. ______________________________
  3. ______________________________

Proposed activity of the new Company (in detail)

Including details of any activity or connections with Gaming (Casinos; Lotteries; On-line Gambling; etc) Number and value of shares 100 shares at €1 (one euro) each

INFORMATION ABOUT THE OWNER/S AND OFFICERS OF THE NEW COMPANY Name of Ultimate Beneficial Owner/s

  • Name
  • Address
  • Contact telephone number
  • Email
  • Fax

Name of Person responsible for coordinating the incorporation of the new company (if different from above)

  • Name
  • Address
  • Contact telephone number
  • Email
  • Fax

If Yourbooks Ltd is not providing Nominee Shareholder/s;

Client’s choice of Shareholder/s *

  • Name
  • Address
  • Contact telephone number
  • Shares per Shareholder

If Yourbooks Ltd is not providing Nominee Director/s;

Client’s choice of Director/s *

  • Name
  • Address
  • Contact telephone number

If Yourbooks Ltd is not providing the Nominee Secretary;

Client’s choice of Secretary*

  • Name
  • Address
  • Contact telephone number

If Yourbooks Ltd is not providing the Registered Address;

Client’s choice of Registered Address

BANK ACCOUNT OPENING INITIAL INFORMATION REQUIREMENT If Yourbooks Ltd is not providing Bank Signatories

Client’s choice of Bank account signatories Projected annual turnover of the new Company Anticipated source of income

Names and website links of principle source of income

Note: Cyprus banks reserve the right to decline bank account applications when there is activity related to gambling. Anticipated destination of out going payments

Names and website links for principle destination for outgoing funds

DOCUMENTATION TO BE PROVIDED (x 2 each) Certified Passport copy to be provided for each of the following as appropriate

  • Ultimate Beneficial Owners
  • Shareholder/s
  • Director/s
  • Secretary
  • Bank account signatories

Certified Proof of residential address (not older than 3 months) to be provided (example: utility bill) for each of the following as appropriate

  • Ultimate Beneficial Owners
  • Shareholder/s
  • Director/s
  • Secretary
  • Bank account signatories

Original Bank Reference to be provided (certified if copy) for each of the following as appropriate

  • Ultimate Beneficial Owners
  • Shareholder/s
  • Director/s
  • Secretary
  • Bank account signatories
NEW COMPANY – CIR

Any questions or queries…

CONTACT US