Areas of Practice

General Information of a Cyprus Company

Legislation: The Cyprus Company Law, Chapter 113, based on the English Companies Act of 1948.

Type of Company: Limited Liability Company (LTD). The constitution of a registered company consists of two documents, the Memorandum of Association and the Articles of Association.

Approval of Cyprus company names: Names may be expressed in Greek or any language using the Latin alphabet. All company names must end in the words: Limited or Ltd.

Language of corporate documentation in a Cyprus company: Greek and English.

Shareholders & Directors: The minimum number of shareholders and directors is one. They may be natural persons or bodies corporate; Anonymity is retained by nominee shareholders and directors (Usually entities or persons from our office may act as nominee shareholders and directors). 

Company secretary: All Cypriot companies must appoint a company secretary, who may be a natural person or a corporate body.

Registered Address: All companies incorporated in Cyprus must have a registered office in Cyprus.

Beneficial Owners: Can retain anonymity from the public records of the Registrar of Companies through the use of Nominee Shareholders Nominee Directors and nominee secretary.

Disclosure of Beneficial Owner: No, protected by secrecy laws.

Double tax treaties currently 34 covering 40 countries.

Financial Statement requirements: Audited financial statements have to be submitted to the Cyprus Taxation Authority of Cyprus annually.

Standard Authorised Share Capital: CYP 1000

Bearer shares in a Cyprus company: Not allowed

Exchange controls in a Cyprus company: No

Timescale for incorporation: 5 working days

Shelf companies available in Cyprus: Yes