Cyprus Limited Liability Company (LLC) Company Formation
The Cyprus Department of the Registrar of Companies is responsible for keeping the Register of Companies, Partnerships, Business Names, Trade Marks, Patents and Industrial Designs. We file the company incorporation with this governing body. Cyprus is one of the easiest jurisdictions in Europe to incorporate an LLC, furthermore, it is also one of the easiest to open a corporate bank account.
Company names must be approved by the Registrar and, after approval, may be reserved for 10 days. Names must be unique and not deceptively similar to another company name, whether a name is considered similar is at the discretion of the Registrar. Company names may be in Greek if accompanied by an English translation and must end with the suffix LLC or LTD.
All companies registered in Cyprus are required to have a registered office where official documents may be legally served. We can provide a registered office as part of our incorporation package
Only one director is required with no restrictions on either nationality or residency. Details of the initial directors must be lodged with the Registrar upon incorporation.
A single shareholder is required who may be of any nationality and residency. Corporate shareholders are allowed.
The minimum share capital requirement is EUR 1,708 but there is no restriction on the number of shares that must be issued. Share capital must be denoted in Euros.
Cypriot companies require a company secretary. The secretary does not need to be resident in Cyprus but it is recommended as, for tax purposes, your company will need to prove that the management and administration of the company takes place in Cyprus.
Once all necessary incorporation information has been received, including proof of identity of shareholders and directors, the incorporation is complete within five days.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
There is no requirement to visit Cyprus in order to incorporate or open a corporate bank account.