Before registering a company in Cyprus, we verify name availability with the Registrar of Companies. Clients are encouraged to submit alternative names for quicker approval. The entire incorporation process, from submission to receiving the Certificate of Incorporation, typically takes about ten working days. Upon incorporation, the company becomes a distinct legal entity separate from its shareholders.

Every Cyprus company must maintain a registered office from the start of business or within 14 days of incorporation. This office serves as the official location for legal notices and statutory records. Additionally, companies must appoint a secretary, which can be an individual or a nominee corporate entity, such as Oneworld, to ensure compliance with regulatory requirements.

The Memorandum of Association outlines the company’s objectives and powers, while the Articles of Association define operational procedures, including director roles, shareholder rights, and decision-making protocols. Amendments to these documents require a 75% majority shareholder approval.

A Cyprus company must have at least one director and shareholder. While local directors are not mandatory, having a majority as Cyprus residents is recommended for tax residency purposes. The share capital has no legal minimum, though an initial authorized share capital of at least €1,000 is recommended.

All Cyprus companies must maintain accurate financial records and submit audited financial statements in accordance with International Financial Reporting Standards (IFRS). Compliance ensures transparencyand regulatory adherence.