Cyprus Private Company Limited by Shares (LTD) Requirements
- Share Capital: There is no minimum requirement,
- Shareholders: The minimum number of shareholders is one (1), and this can either be a physical person or a corporate entity.
- Directors: a company is required to have at least one director. The director can either be a physical person or corporate entity.
- Secretary: Thecompany is required to appoint a secretary. The secretary in Cyprus can be an individual or a legal entity. This position can be also occupied by the director of the entity.
- Registered office: The registered office is the official address of the company and must be in Cyprus, in which all notifications and letters are sent.
- Tax Registration: It is obligatory for all Cyprus companies to be registered with the Tax Authorities upon their incorporation.
- Financial Statements: Audit have to be submitted to the Tax Authorities during 3 years from the incorporation of the Cyprus Company and once every 12 months thereafter.
Steps
- Firstly the Name for the company must be approved by the Registrar of Companies.
- The Memorandum of Association must be prepared by a registered lawyer in Cyprus.
- All the necessary forms must be submitted Registrar of Companies.
Certificates, issued by the Registrar, when the company is established
- Certificate of incorporation
- Certificate of Directors and Secretary
- Certificate of Shareholders
- Certificate of Registered address
