The Company name
This is the first step. We need to obtain from the Registrar of Companies the name of your choice. Once the name is approved we submit the required documentation as follows for approval according to your needs.
The Memorandum & Articles of Association of the Company
We suggest that we file a Memorandum & Articles of Association that literally allows you to perform any kind of business, and/or enterprise. This will give you peace of mind and save you a lot of money for future amendments that might be required.
There is no requirement for a minimum share capital either authorized or issued and paid up.
The shareholders and their share
There must be at least one shareholder, either an individual or a company. Full name, nationality, address, occupation and number of shares to be held are required. Should anonimity is required nominee shareholders may be appointed. Trustee companies in Cyprus may hold the shares in trust for the beneficial owner.
Director and Secretary
Anyone can be a Director. Minimum of one Director is required. The Secretary though has to be a Cyprus citizen, usually a member of a Law or an Auditing/Accounting Firm. We strongly suggest that an Alternate Director for administrative convenience is also appointed. Our experience taught us that in case of an emergency and of the absence of the Director (usually abroad) this will save you valuable time and money. For taxation purposes local directors might be preferable. You may find more details on this matter here below on the “form – questionnaire” which you may fill in and email it to us.
The address of the registered office should be given. Legally this is the place where writs, summonses notices, orders and/or other official documents can be served.