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COMPANY INCORPORATION (LTD)

Incorporation

Incorporating (registering) a Company in Cyprus is a process that requires skilful and knowledgeable professionals, with a thorough understanding of the entire incorporation process on a practical level, qualities that we possess at ServPRO.

Our in-depth understanding of the applicable legislative provisions and the required documentation, coupled with our established hands-on experience in matters pertaining to incorporation of companies, enables us to give our clients the best professional service possible.

In order to address frequent enquiries made by our clientele (existing and prospective), with the help of our Corporate Team we have put together a snapshot of the key steps taken during a Company’s incorporation process:

 

Approval of Company Name:

An application has to be submitted to the Department of Registrar of Companies and Intellectual Property (DRCIP) of the Republic of Cyprus for the approval of the Company’s name. The Registrar is unlikely to accept a name which is similar to an existing one, or is considered misleading, or too general. Names which include any of the words National, International, Corporation, European, Co-operative may be allowed only in special circumstances for sound reasons and with conditions.

 

Documents submitted to the Registrar of Companies about the new Company

1. Memorandum and Articles of Association

The Memorandum of Association mainly contains the objects of the Company. It also includes details of the share capital and the subscribers to the Memorandum with the number subscribed. The Companies Act (Cap. 113), as amended, allows a company that is not set up for specific objects to be set up as a commercial company of general objects.

The Articles of Association may adopt partially or in full the Table A of the Companies Act and contain the regulations under which the Company operates, including provisions for the rights of the shareholders, procedure for the transfer of shares, voting rights, powers of the Directors and appointment and removal of thereof, dividends, general meetings of the Company, accounts and audits.

Our Corporate team has extensive knowledge and practice in drafting tailor-made Articles of Associations in line with each respective client’s intentions and wishes.

Contact us today for our Memorandum and Articles of Association services.

 

2. Directors and Secretary

The details of the first appointed Director(s) and the Secretary of the Company should be submitted. For taxation purposes and for taking advantage of the existing Double Tax Treaties (DTT) it is advisable to show that the management and control of the company is exercised in Cyprus by appointing local Director(s).

Contact us today for our Directorial and Secretarial services.

 

3. Registered Office Address

The details of the Registered Office address of the company in Cyprus.

Contact us today for our Registered Office services.

 

Registration Certificates

Once the company registration process is complete the Registrar of Companies issues the incorporation certificates relating to the newly-incorporated Cypriot Company, consisting of the following:

  • The Certificate of Incorporation;
  • The Certificate of the Director(s) and Secretary;
  • The Certificate of the Shareholders;
  • The Certificate of the Registered Office Address; and
  • The Certified Memorandum and Articles of Association of the Company.

Note:

  1. For the incorporation of company in Cyprus, a lawyer is required to sign as to the legitimacy of the company.
  2. In terms of accounting and auditing, the Companies Act imposes a requirement of book-keeping and preparation of audited financial statements as well as the preparation and submission of annual returns at the Department of Registrar of Companies and Intellectual Property (DRCIP) of the Republic of Cyprus. Any changes to the company are to be submitted at the DRCIP.
Our Corporate Practice Portfolio

Over the past 10 years, ServPRO has advised hundreds of businesses in numerous industries and ranging in size on relocating (redomiciling), incorporating, and doing business in Cyprus. Our Corporate Team has a stellar track record in delivering practical solutions to corporate clients with a spherical, solution-driven and detail-oriented approach, while demonstrating an aptitude of professionalism, integrity and commercial acumen.

Our Corporate Team is at hand to assist you with Company Incorporation / Registration services for any type of company in Cyprus as well as in any other jurisdiction, of your preference, and to facilitate the management and corporate administration of the operations of your business.

For clients wishing to redomicile (relocate) their company’s seat of incorporation (registered office) to Cyprus, our Corporate Team handles the entire redomiciliation process, from assessing whether the company’s Memorandum and Articles of Association (i.e., the incorporation documents) provide for the possibility of redomiciliation, to issuing of the company’s Certificate of Continuation. In addition, our Corporate Team undertakes the subsequent registration of the redomiciled company to the Tax Registry, the Employers Registry and any other service that may be sought for by our clients (e.g., trade mark registration services). Visit our Redomiciliation page for more information and contact us today for an initial, complimentary consultation.

The process of incorporating or redomiciling a company in Cyprus requires skilful and knowledgeable professionals, with a thorough understanding of the entire incorporation / redomiciliation process on a practical level, qualities that we possess at ServPRO.

Our in-depth understanding of the applicable legislative provisions and the required documentation, coupled with our established hands-on experience in matters pertaining to incorporation and redomiciliation, enables us to help our clients transition through the process in a smooth and transparent manner.

Take a look at the abundant variety of Corporate Services that we offer and contact us today for an initial, complimentary consultation.

LET’S WORK

TOGETHER.

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T: +357 22 021100
F: +357 22 757566
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3rd Floor, 1102 Nicosia, Cyprus
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