Cyprus - Ready Made Companies

Ready Made Companies

The registration of a Cyprus company as a holding company takes about 7 days, as with a regular Cyprus company formation. The time frame depends on name approval by the Cypriot authorities.

If the company name does not matter, an instrument to speed up the registration process is to buy a Shelf Company (Ready-Made company) in Cyprus.

Key Benefits of an Offshore Shelf Company in Cyprus:

• Conduct business without corporate taxes: Tax havens, such as Cyprus, allow the formation of International Companies that have no tax responsibilities. This means you save money not only from the absence of corporate taxes, but also from reduced compliance and other regulatory costs.
• Conduct business as an international entity: International Companies have the same rights as an individual person and can make investments, buy and sell real estate, trade portfolios of stocks and bonds, and conduct any legal business activities - so long as these are not done in the country of registration.

All of our Cyprus ready made companies:

• Are Private Limited Companies
• Have wide objects which allow for many business activities
• Can operate globally
• Offer shareholders limited liability
• Can have a sole director and sole shareholder
• Have a company registration number available immediately

Nominees

What you need to consider when you buy a Shelf Company is if you need to enter in the company as director or if you will need to have a foreign nominee director, which we can provide. Your shelf company is not liable for TAX if you choose to have a nominee foreign director and shareholder, you will still be the beneficial owner of the shelf company but the shelf company does not need to pay tax.

Appointing the new Directors

You will need to sign a document confirming our resignation and appointing yourself as the new director, alternatively you can sign a Power of Attorney instructing us to sign the document on your behalf.

The company directors will be changed from our nominee staff directors to the directors of your choice and all the formation documents such as the Certificate of Incorporation, Memorandum and Articles of Association of the company and the relevant Company Secretarial Forms are also immediately available

Procedure to acquire a ready made company

Upon signature of official forms by the new directors and shareholders in which they consent to act, the ready-made company is transferred over and is ready to trade immediately.

Can I change the name of the shelf company?

Yes you can, a name change takes about 7 - 14 days. You can still conduct business while the name is being changed but be aware that Cypriot authorities have to approve the new name for your shelf company.