Cyprus Company Formation

Corporate Information

Shares and Corporate Governance

Minimum number of directors:One
Nationality requirements for directors:None
Corporate directors permitted:Yes
Minimum number of shareholders:One
Maximum number of shareholders:Fifty
Nationality restrictions on shareholders:None
Company secretary required:Yes
Registered office:Yes, in Cyprus
Corporate Company Secretary permitted: 

Yes

Minimum authorized share capital:€1.000
Minimum paid up share capital:€1
Capital duty on issued share capital:0.6% of the nominal value of shares issued
Audited accounts:Required by law for all Companies

Public Disclosure (with Registrar of Companies)

Directors’ names: 

Yes

Shareholders’ names:Only registered shareholders are disclosed (Note: where nominee shareholders are used, details of the ultimate beneficiary owner are not disclosed to Cyprus government authorities.

Legal forms

  • Public and Private Companies, limited by shares
  • Companies limited by guarantee
  • Limited and general liability partnerships

Government Charges and Fees

  • Annual Levy: €350
  • Companies Registry Initial Registration Fee: Flat fee of €102 plus capital duty of 0.6% of the nominal value of the authorized share capital (usually minimized by using low issued capital and high share premium).

Legal System

  • Cyprus Company Law, Chapter 113, based on the English Companies Act of 1948

Formation Procedures for a Cypriot Private Limited Liability Company

  • Name: Can be done online, but formal approval is required before a name can be given.
  • Formation: Memorandum and Articles of Association in Greek are drafted by a Cypriot Lawyer, signed by one or more subscribers in duplicate, submitted to the Registrar of Companies together with an English translation where necessary.
  • Time span for forming New Companies: Less than 5 business days

Cyprus Cooperate Services Simplified

At MariCorp we target to simplify Corporate Services as a whole and offer our clients a straightforward and simple solution.

marinos marinou

Marinos Marinou

Graduated from Liverpool John Moores University in 2011. Became a member of the Institute of Chartered Accountants of England and Wales (ICAEW) in 2015. Currently undergoing Certified Fraud Examiner (CFE) Level 1. Member of the International Tax Planning Association (ITPA).

 

Marinos is specialized in International Tax Planning, Advanced Consulting, and Corporate Services.

Contact us

Where to find us:

81, Griva Digeni Avenue, MARINOS Court, 2nd floor, office 203

P.O. BOx  42656, P.C. 6501, 6043

Larnaca – Cyprus

Tel: +357 24663402 , Fax: +357 24663409

E-mail: admin@cyprusconsultancy.com

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