Company Set Up Procedure

Posted on December 29 2009 by Admin Manager

Share capital requirements:  There is no minimum set by the Law.  The usual value of each share is € 1.00. When the Company has a physical presence in Cyprus with its own offices and staff the paid up capital must reflect the nature of the activity in Cyprus, which usually increases the authorized and issued share capital to a minimum of € 5000. Certain types of companies must have a higher share capital as set out by specific laws.

Shareholders:  A minimum of one shareholder is required.  If our nominee shareholder services are not used then the following information must be provided:

·         Full name and surname

·         Nationality

·         Residential Address

·         Number of shares to be held

·         Copy of passport

Directors: A minimum of one Director is required. If our nominee Director services are not used then the following information must be provided:

·         Full name and surname

·         Nationality

·         Residential Address

·         Occupation