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Establishing A Company In Cyprus Case Study

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Establishing A Company In Cyprus Case Study
Establish a company in Cyprus, by Michael Chambers& Co. LLC
Cyprus is among the most important business and investment centres in the EU and internationally. The considerable tax incentives together with the limited bureaucratic procedures attract business people and investors from all over the world. Another major advantage of establishing a company in Cyprus is that the island maintains the financial privileges of a tax heaven destination and follows all the relevant EU regulations. Furthermore, Cyprus benefits from all EU treaties, regulations, directives and freedom in capital movement as a full EU member-state.
The corporate team of Michael Chambers& Co. LLC will explain in details the benefits coming from incorporating a company in Cyprus.
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As it has been noted, the name of the company must be approved by the Registrar of Companies which will take between 3- 6 business days. The following step is to register the company. The whole registration procedure will take between 5-8 business days.
The corporate team of Michael Chambers& Co. LLC may provide you an adequate legal and administrative support so that to register a company properly. Michael Chambers and his team list the documents you need to submit so that to proceed with a company registration. In case the documents are not in English, then they should be translated, certified and apostilled.
1. Each shareholder is obliged to submit a copy of his or her passport. Photographs, personal details and signatures must be visible.
2. A document that indicates the residential address of each shareholder. In this point, Michael Chambers and his team would like to clarify that P.O. boxes are not accepted as residential
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A copy of the passport. Photograph, personal details and signature must be visible.
b. A document that indicates the residential address of each shareholder. As, it has been clarified before, P.O. Box addresses are not accepted as residential addresses.
c. The Directors must submit information about their professions. Moreover, the Directors should provide information whether they have been appointed as Directors in other companies. In this case, a simple “YES” or “NO” is enough.
6. In case the officers of the company is another corporate entity, then each entity should submit a copy of the incorporation certificate and a copy of the certificate that indicates the exact location of company’s premises. In this point it should be pointed out that Michael Chambers& Co. LLC could be appointed as local directors if it is necessary.
Apart from the procedures you need to follow and the documents you need to submit there are some other considerations you need to take into account when establishing a company in Cyprus. Michael Chambers gives a detailed information about all you need to consider in his article Considerations when creating a company in Cyprus
Contact us and establish a Cyprus

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