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Cyprus - Private Limited Formation Key Information

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

Cyprus - Private Limited

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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