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Key Corporate Features & Document Requirements for Cyprus

Updated time: Jun 30, 2015 , 15:27 (UTC+08:00)

Cyprus

General
Type of entity Private
Type of law Common
Shelf company availability Yes
Our time to establish a new company 5 days
Annual Government Levy   €350
Corporate Taxation 12.5%
Double taxation treaty access Yes
Share Capital or Equivalent
Standard currency Euro
Permitted currencies Any
Usual Minimum issued € 1,000
Usual authorised € 5,000
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
Minimum number One
Publicly accessible records Yes
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified No, but Cyprus advisable for residency and compliance
Accounts
Requirement to prepare Yes
Audit requirements Yes
Local Auditor Yes
Requirement to file accounts Yes
Publicly accessible accounts No
Other
Requirement to file annual return Yes
Change in domicile permitted Yes
 
 

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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