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Cyprus Company Formation - Business Setup

Register your Company in Cyprus in 7 days (upon validation of your identification documents).*

Client confidentiality protection via secured systems.

Your company and its application for a bank account, including eBanking and credit card. Opening by correspondence.

A dedicated manager is available throughout the year to administer your company.

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cyprus company formation - business setup
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5 simple steps are needed to incorporate your company in Cyprus

complete our application form - cyprus

Complete our application form - Cyprus

Complete our order form and make the payment for your chosen services. You will then be assigned a client manager to assist you through the incorporation process.

upload your documents

Upload your documents

Your account manager will ask you for official documents which are required for your company formation.

incorporate your company successfully

Incorporate your company successfully

Once your documents have been processed your company will be successfully incorporated subject to local authority approval.

process any additional services

Process any additional services

Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.

manage your company via our client portal

Manage Your company via our client portal

Our client portal will give you immediate access to all your documents as well as display your company structure.

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CYPRUS OFFSHORE
BANKING OPTIONS

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Cyprus Offshore Company Formation

Good to Know

Following the Cypriot economic crisis of 2012-2013, Cyprus’ economy is steadily recovering. In 2014, the Cypriot economy continued to exceed expectations due to the resilience of key sectors of its economy, such as financial services, tourism, and business services. In the second quarter of 2015, the Cypriot economy recorded growth for a second consecutive quarter — a significant development that confirms that the economy is well on the road to recovery as well as its positive prospects. In September 2015, Standard & Poor’s Ratings Services raised its rating on Cyprus by one notch saying the country’s economic and budgetary performance has exceeded its expectations.

Main Characteristics of a Cyprus Offshore Company

Company typePrivate Company limited by share.
Governing corporate legislationThe Cyprus Bar Association is the governing authority and companies are regulated under the Cyprus Companies Law, Cap. 113.
Information published relating to company officersUpon registering your company in Cyprus, company officers name will appear in the business registry, however, nominee services are available.
Accounting requirementYes
TaxationClick here to know more
LegislationModern offshore legislation
Standard currencyEuro
Time to formCyprus has an efficient Registry : 7 days formation time (upon validation of your identification documents).
StabilityStable jurisdiction with very good reputation.
CommunicationEfficient communication means.
Time zoneConvenient world time zone: GMT+2
Secretary requiredYes
Paid up capital requirementNo paid up capital requirement. The standard share capital is EUR 1,000 but can be amended to fit your requirements.
Renewal DateAnniversary date of the company / Each Year
Basis of legal SystemUnder Common Law.
Minimum directors/shareholdersA minimum of 1 director/shareholder suffice for incorporation.
Bearer sharesBearer shares are not permitted

Documents Required

for the Creation of a Cyprus Company

A certified copy cyprus company registration & setup of your passport, a notarised copy of proof of domicile dated less than three months, an original personal bank reference letter mentioning good standing of the account since at least 2 years dated less than three months, a curriculum vitae, as well as last 3 months’ bank statement. All in original.**

Frequently Asked Questions
Offshore Company Formation in Cyprus

What type of company do you register in Cyprus?

The type of company that we form in Cyprus is known as a Private Company Limited by shares (LTD) and it is regulated under the Cyprus Company Law Chapter 113. A private company limited by shares (LTD) is the most commonly used Cyprus company type for commercial and private businesses in Cyprus.

Is a Cyprus Private Company Limited by shares (LTD) tax liable?

Please refer to our complete guide about a Cyprus limited company taxation.

Do I need to submit accounts for a Cyprus Private Company Limited by shares (LTD)?

Yes, an annual return must be filed annually with the Companies Registration Office regardless of whether the company has traded or not. GCM, through its partners’ local accountants can take care of this formality for you.

We will contact you in due course and ask you for documents to be able to produce accounts on your behalf. Documents requested are generally bank statements, invoices, and receipts.

Will my data be publicly available in Cyprus?

Cyprus company officers’ names are publicly available to check online.

How many directors and shareholders should I appoint to my Private Company Limited by shares (LTD)?

A minimum of 1 director and 1 shareholder should be appointed to setup a Cyprus limited company (LTD). The maximum allowed number of shareholders is 50, while an LTD company can have only one single director. Additionally, the appointment of a local company secretary is mandatory by law in Cyprus. Our company GCM, through its local partners can take care of this formality for you.

Will my liability be limited if I register my company as a Private Company Limited by shares (LTD) in Cyprus?

The shareholders’ liability in a Cyprus limited company (LTD) is typically limited to the amount of shares respectively held by them.

Do I need to deposit the paid up capital for a Cyprus limited company (LTD)?

No, there is no paid up capital requirement. The standard share capital is EUR 1000 but can be amended to fit your requirements.

Do I need to travel at any stage to form a company or to open a bank account in Cyprus?

No, everything can be processed remotely. However, it is recommended to travel to meet the bank and to discuss your business requirements.

Cyprus Offshore Jurisdiction News

Did you know that a $10K investment can get you a tax-free company and residency in Dubai ?

30 July 2018

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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

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out of 5 stars
customer rating

Overall
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gcm - best i̇novative company formation
96 %

Customer satisfaction rate, testimonials verified by Feefo.com

09-Aug-2024
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. GCM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend GCM to any professional looking to set up in the UAE or even just to benefit from their advice.
gcm - best i̇novative company formation
02-Aug-2024
The service renderade was proactive, engaged and well excecuted.
gcm - best i̇novative company formation
25-Jul-2024
Service was excellent from start to finish. Anna Hochberg was always available to give advice and options and walk us through the process.
gcm - best i̇novative company formation
12-Jul-2024
Transparent, efficient with very good communication flow. The result was a smooth and quick registration of a new company, exactly as required.
gcm - best i̇novative company formation
20-Jun-2024
gcm - best i̇novative company formation
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GCM makes it easy to register a company in Cyprus, one of the most popular and established international jurisdictions in the world. With over 15 years of experience in corporate structuring and international company formation, GCM provides streamlined registration across multiple jurisdictions.

Cyprus is a popular destination for company formation due to its strategic location between Europe, Africa, and Asia, as well as its well-developed business infrastructure and skilled workforce.

Our team of experts will walk you through the process with just five simple steps, from choosing the appropriate jurisdiction for your company to submitting all necessary documents to the registrar. With GCM, you’ll have your own dedicated account manager to oversee the entire process and answer any questions you may have.