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REGISTERING AN IBC
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1) THE NAME OF THE COMPANY
The information below once obtained we will forward to a reputable formation agency who will deal with your specific case.
The first step for the registration of any company in Cyprus is to obtain approval of the name of the company from the Cyprus Registrar of Companies. Therefore, please provide us with the names of your preference for the company so that we may pass on to our "Corporate Department" who may apply for approval or choose a name from the current list of already approved names or the list of shelf (i.e. fully registered companies) which you may request from our Nicosia head office.
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2) SHARE CAPITAL OF THE COMPANY
Please inform us the amount of the authorised share capital of the Company and the number of shares to be issued bearing in mind that the Company's business is not restricted or limited on the basis of the amount of the Company's capital.
The minimum authorised and issued (paid up) share capital required for Cyprus International Business Companies (IBC's) is 1,710 euro. We would like to clarify that this amount is not blocked in Cyprus.
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3) SHAREHOLDERS OF THE COMPANY
In accordance with Cyprus Company Law a company must have at least one registered shareholder. We require the full name, nationalities, address and professions of the shareholders of the Company and the number of shares to be held by each shareholder. Also, we need a copy of their passports, a bank or other reference, a CV and proof of address (such as utility bill). Please advise us if the shareholders wish to be shown as registered shareholders on the Company's official certificates or if they would like the formation agency to hold shares on their behalf as their nominees, for purpose of confidentiality. |
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4) BANK REFERENCES
A Bank Reference for each beneficial shareholder (i.e. for the real owners of the company and not for any nominees) of the Company, as a minimum be along the following lines:
"Mr./Mrs. .....................is known to us, is of good character and we consider him/her of good financial standing and able to meet his/her obligations as they fall due."
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5) DIRECTORS: SECRETARY
Please provide us with the full names of the Directors and secretary of the company as well as addresses, professions and nationalities. There is no minimum number of Directors but we recommend appointment of at least two Directors whilst there must be one Secretary (who can also be one of the Directors). The shareholders may also act as Directors. Kindly note that the formation agents provides Nominee Directors if the clients wish the formation agents to act in this capacity (mainly for confidentiality reasons and also so as to be in a position to show that the management and control of the company is in Cyprus, thus conforming to any condition stated in double tax treaties to the effect that management/control should be in Cyprus) as well as a Secretary again if the client so wishes. |
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6) MAIN ACTIVITIES TO BE CARRIED OUT BY THE COMPANY
Please inform us of the main activities to be carried out by the Company and the expected annual turnover. |
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| 7) EMPLOYMENT AND RESIDENCE PERMITS
In cases where clients wish to obtain employment and residence permits (i.e. for non EU nationals) in Cyprus, we can assist you.
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8) REGISTERED OFFICE
In case the company does not wish to open a fully operational office in Cyprus, then our office can act as the official registered office of the company in Cyprus. |
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9) TIME REQUIRED
As soon as we have the above information the formation agency will proceed with the incorporation of a new company (this will only take a period of approximately 10 – 15 working days) or will provide you with a 'shelf' (i.e. fully registered) company which will be delivered to you within 24 hours time. (Please inform us if you require any other services such as opening of bank accounts, issue of visa cards etc). |
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| In order to obtain the application form applicable for the registration of a Cyprus International Business Company and /or; obtain other specific information concerning Cyprus International Companies or Companies in other jurisdictions please contact our head office in Nicosia or
CLICK HERE. |
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