Due to its strategic geographical location and the low corporate tax, Cyprus grew to be one of the most appreciated Business Centers Worldwide. Following the EU entry on 1 May 2004, the image and standards of the country have been upgraded significantly. In order to invite more foreign investors, the Government of Cyprus has lifted all restrictions on foreign direct investment, which led to the model of one of the most appreciated Corporate Services standards globally. In addition, the services and activities of a Cyprus Corporate Legal Entity are without doubt almost limitless.
Legal System | Common Law |
Type of Company | Limited |
Exchange Controls | No |
Re-domiciliation Permitted | Yes |
Shelf Companies Available | Yes |
Timescale for new entities | 5 working days |
European SA | Yes |
Minimum Share Capital | €1 |
Minimum Number of Shareholders | 1 (natural person or corporate body) |
Minimum Number of Directors | 1 (natural person or corporate body) |
Bearer Shares Available | No |
Registered Office Required | Yes |
Company Secretary Required | Yes (resident of Cyprus either natural person or corporate body) |
Directors | Yes |
Secretary | Yes |
Shareholders | Yes |
Beneficial Owners | No |
Issued Share Capital | Yes |
Memorandum and Articles of Association | Yes |
Annual Return | Yes |
Audited Financial Statements | Yes |
Annual Filing to Tax Authorities | Yes |