Cyprus company formation, a fast and simple procedure
The incorporation of a Cyprus company is simple and fast procedure.
Starting from the determination of the name of your future company until the issuance of the incorporation certificate, our team is ready to assist you with the establishment of your new business.
There are 5 basic steps to be followed for a successful incorporation:
- Decide your company’s name
Whether you have already chosen your own name or you wish to get a pre-approved name from our list, determining your new company’s name is your starting point. When proposing your own name, you must make sure that such a name is unique as the Registrar will reject any names that appear similar to companies already registered.
- Decide the structure of your company
The company must have a director, secretary and shareholder. You must decide who will fulfill the above mentioned roles.
If you are appointing your own persons, we will need basic documentation such as passport, utility bill, bank reference.
Our company can provide nominees if required.
- Decide the share capital
A share capital of 2000 EUR, being 2000 shares of 1 EUR each, is commonly used for new incorporations as well as for our shelf companies.
You can have lower or higher share capital for your new company according to your company’s needs.
- Purpose of the company
Define the purpose of your new company in order for the scope to be included in the Memorandum of the company. Depending on your needs, we might also need to determine special powers for the two management bodies being the board of directors and the general meeting in the Articles of the company as well.
- Provide the KYC
As per the Cyprus law and anti-money laundering regulations, we are obliged to carry on the KYC – Know your client procedure. The basic documentation for the KYC procedure include, amongst others, the passport, utility bill, CV and bank reference of the client.
Globalserve Consultants Ltd, a licensed fiduciary and corporate firm by ICPAC is always able to advice and assist you on your new company’s establishment. Our experienced corporate department and legal departments can support you from the first step by confirming the availability of the name you wish to register until the last step of the above procedure by undertaking all the documentation and communication needed for your convenience.
For further information for Cyprus company establishment you can send us your request at the below e-mail address firstname.lastname@example.org or call us at 00357 817181