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Cyprus - Private Limited Formation Key Information

Updated time: Feb 3, 2018 , 10:45 (UTC+08:00)

General
Type of entity	Private Limited
Type of law	Common
Shelf company availability	Yes
Our time to establish a new company	Normal 14 working days 10 working days in urgent
Corporate Taxation	12.5%
Double taxation treaty access	Yes

Share Capital or Equivalent
Standard currency	Euro
Permitted currencies	Any
Usual Minimum issued	1,000 Euro
Usual authorised	5,000 Euro

Directors or Managers
Minimum number	One
Local required	No, but advisable for purposes of tax residency
Publicly accessible records	Yes
Location of meetings	Anywhere, but Cyprus advisable for purposes of tax residency

Members or Shareholders
Minimum number	One
Publicly accessible records	Yes
Location of meetings	Anywhere

Company Secretary
Required	Yes
Local or qualified	Optional

Accounts
Requirement to prepare	Yes
Audit requirements	Yes
Local Auditor	Yes
Requirement to file accounts	Yes
Publicly accessible accounts	No

Others
Requirement to file annual return	Yes
Change in domicile permitted	No

Documents required from customers

Passport of each shareholder/beneficial owner and director
Proof of residential address of each director and shareholder (Must be in English or certified translation version)
The proposed company names
The issued share capital and par value of shares

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