Registration of a Cyprus company

Several factors should be considered when registering a company in Cyprus:

• The legal structure of the entity, such as a private or public limited company.
• A unique company name complying with Cyprus regulations.
• At least one director and one secretary, of any nationality.
• At least one shareholder, of any nationality.
• A registered office at an address in Cyprus.
• Issued share capital – there is no minimum capital requirement.
• Corporate taxation and its benefits.
• The legal and regulatory compliance obligations of running a company in Cyprus.
• A bank account to manage the company’s finances and operations.
• A business plan outlining objectives, target market, financial forecasts and overall strategy.

Government registrations

Registration with government services is crucial when incorporating a company, in order to be compliant and avoid potential fines and penalties:

1. Registration with gov.cy (ex-Ariadni).
2. Registration with the UBO (Ultimate Beneficial Owner) register.
3. Registration with the e-filing system.
4. Registration with the TFA (Tax For All) system.
5. Registration with Ergani and the Social Insurance Services.

We recommend obtaining professional advice before registering a Cyprus company. ACLA Auditors can assist you at every step of incorporating a company and registering it with all government services as required by law.