Set up company in Cyprus

Setting up a company in Cyprus has never been easier and is a process that you can either refer to an accountant or to a law firm they both communicate perfectly when it comes to new business.

Moreover, any international company can establish a business in the Republic of Cyprus on equal terms as the local companies. Cyprus, being an international business centre hub for Europe and Middle East, has simplified the procedures for establishing a company.

 

General business set up procedures:

Business Incorporation

Local and foreign businesspeople may establish any of the following legal entities or businesses in the Republic of Cyprus.

Companies (private or public)

  • General or limited partnerships
  • Business/trade name
  • European Company (SE)
  • Branch of overseas companies.

From the above, except in the case of a branch of overseas companies, the application for approval is submitted by mail to the Cyprus Registrar of Companies office and Official Receiver along with the fee of €10,00 or €30,00 under accelerated procedure (payable in cash, cheque or via a bank transfer). The office also accepts applications with acceleration fees for a business Name Approval.

Business names (please submit three options are examined within the period of one month or if via accelerated procedure in a few days. Applications submitted may be followed up on line.

Should you wish us to help you further please do send us an email and we will forward this to our network of business partners. If you wish further to check if the business name is available please follow the link here. You can search on line to see a list of registered trade organizations in Cyprus.

After securing the name approval, the relevant documents for the registration of the legal entity are to be submitted, according to the legal form of the entity/business. Your name approval will be valid for six (6) months. If during this period of time (six months from the date of the name approval) a company (business name, partnership etc.) is not registered, the name approval has to be renewed by following the same procedure.

In certain cases and in accordance to the nature of business of the company, an approval from the Competent Authority prior to the use of a certain name is necessary (e.g. from the Legal Council for registering a Law Office, from the Ministry of Education and Culture for an educational institution).

The following documents can be submitted through a certified registered advocate/lawyer in the Republic of Cyprus :

  • Declaration form (ΗΕ1 actually a statement of the lawyer and signature from the Registrar of the District Court)
  • Form concerning the registered office address (HE2)
  • Details regarding the directors and secretary (HE3)
  • List of persons who consent to act as directors of the public company (HE5, in case of a public company)
  • Original Memorandum and Articles of Association (by law must be written by a approved/registered lawyer)
  • One Stop Shop Application Cover for Legal Entities Registration (applicable for submission to One Stop Shop)
  • Fee of €105,00, plus 0,6% subscription tax on nominal capital, plus €60,00 for filling the accompanied documents, plus an optional €100,00 for accelerated procedure (payable in cash, cheque or bank transfer). Please note that One Stop Shop accepts only applications with acceleration fees and the One Stop Shop Application Cover for Legal Entities Registration is to accompany the above-mentioned application.

Upon completion of the registration the "Certificate of Incorporation" is issued. Upon request, and payment of the amount of €220,00, the following certificates and/or certified copies can be issued:

  1. A certificate of the Shareholders
  2. A certificate of the Directors and Secretaries
  3. A certificate of the Registered Office
  4. A certified true copy of the Memorandum and Articles of Association
  5. A certified copy of the Certificate of Incorporation.

Notably, there is no minimum capital in registering a company. Company registration in Cyprus is completed within approximately one month or 3 working days under accelerated procedure or through online submission from the date that the application was duly submitted.

Redomiciliation of registered office

Companies registered in any country can transfer their registered office in the Republic of Cyprus, provided that the legislation of the country of origin allows for such transfer. Also, the Articles of Association of the company must provide for the continuation of the company under the legal status of another approved country or jurisdiction.

The following documents can be submitted, by hand or by mail, through a registered advocate/lawyer in the Republic of Cyprus, to the Registrar of Companies and Official Receiver:

  • Application of foreign company (ME1)
  • Affidavit statement by authorised representative form (MEA)
  • Fee of €120,00 plus €20,00 for filling accompanied documents, plus an optional €100,00 for accelerated procedure (payable in cash, cheque or bank transfer).

The registration procedure is completed within five (5) to seven (7) working days under accelerated procedure or within fifteen (15) to twenty (20) working days under normal procedure from the date the application was duly submitted.

Partnerships in Cyprus are registered under the Partnerships and Business Names Law. There are two kinds of partnerships:

  • General Partnership: Every partner is individually and collectively accountable for the liabilities of the partnership, including all debts and obligations of the partnership incurred while he is a partner
  • Limited Partnership: One or more general partners are individually and collectively accountable for the liabilities of the partnership and one or more limited partners whose accountability for such liabilities is limited to their contribution to the partnership.

The Partnership Registration Form (OΕ1) is submitted, to the office or Registrar of Companies and Official Receiver along with the fee of €120 plus an optional €40,00 for accelerated procedure (payable in cash, cheque or bank transfer). Upon request, and payment of the amount of €20,00 under normal procedure or €40,00 under accelerated procedure, a certified copy of the Partnership Registration Certificate can be issued.

Partnership registration is completed within one (1) month under ordinary procedure or one (1) week (between two (2) to five (5) working days) under accelerated procedure from the date the application was duly submitted.

Business/Trade Name

Business names are registered under the Partnerships and Business Names Law. The Business/trade name registration Form (EE1) is submitted, by hand or by mail, to the Registrar of Companies and Official Receiver along with the fee of €80,00, plus an optional €40,00 for accelerated procedure (payable in cash, cheque or bank transfer). Please note that One Stop Shop accepts only applications with acceleration fees and the One Stop Shop Application Cover for Legal Entities Registration is to accompany the above-mentioned application. The registration is completed within one month under ordinary procedure or one week under accelerated procedure from the date the application was duly submitted.

European Company

The registration of a European Company is in line with the Council Regulation (EC) No. 2157/2001. The main objective is to allow companies incorporated in different member states to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constrains from the existence of different legal systems.

The following documents should be submitted, by hand or mail, to the Registrar of Companies and Official Receiver:
In the case of incorporation of a European public limited-liability company (Societas Europaea or SE) by merger:

  • Form of Incorporating European Company SE by merger (ΕD1)
  • Charter of Statute or Memorandum and articles of association of the European Company SE
  • Copy of the Court's order certifying that the provisions of the article 26 of the EC 2157 /2001 have been met
  • Fee of €105,00, plus 0,6% subscription tax on nominal capital, plus €20,00 per accompanied document submitted, in case of the formation of a new company or €20,00 in case of a merger by acquisition.

In case of incorporation of a holding European Company SE:

  • Form of Incorporating European Company Holding SE (ED2) along with
  • Charter of Statute or Memorandum and articles of association of the European Company SE
  • Written report by independent experts according to article 32(4) of the EC 2157/2001
  • Copy of the resolution approving the incorporation scheme of the holding SE of article 32(6)
  • Form of Incorporating a company or European Company SE that promotes the formation of a holding SE (ED2II) along with a copy of the scheme or terms of incorporation
  • Form for notification that the requirements for the incorporation of a holding company SE by local company or SE are met ED2II)
  • Fee of €105,00, plus 0,6% subscription tax on nominal capita, plus €20,00 per accompanied document submitted in case of the formation of a new company else €20,00 per document submitted.

In case of incorporation of a subsidiary European Company SE

  • Form of Incorporating European Company Subsidiary (ED3)
  • Charter of Statute or Memorandum and articles of association of the European Company SE
  • Fee of €105,00, plus 0,6% subscription tax on nominal capital plus €20,00 per accompanied document submitted in case of the formation of a new company else €20,00 per document submitted.

The registration is completed within approximately one month or 3 to 4 working days under accelerated procedure from the date the application was duly submitted.

Branch of Overseas Companies

A branch of overseas companies does not constitute a legal entity different to that of its founding company.
Overseas companies registered abroad may establish a branch in Cyprus, provided that they file with the Registrar of Companies and Official Receiver within 30 days of such establishment. Notably, the branch must have the same name as the parent company.
The following documents, officially translated into Greek language, should be submitted, by hand or by mail, to the One Stop Shop or to the Registrar of Companies and Official Receiver:

  • List of submitted documents by a foreign company (AE1)
  • List of directors and secretary of a foreign company (AE2)
  • Data of the foreign company's authorised representatives residing in the Republic of Cyprus (AE3)
  • A written statement signed by the authorized person showing: (1) the name and the legal status of the company, (2) the registration number, (3) the registered office, (4) the place of business In Cyprus, (5) the objects for which the company is established, (6) the issued and nominal share capital
  • A certified copy of the parent company's charter or statutes or memorandum and articles of association in an official language of the Republic of Cyprus (with official translation in the Greek or English language in a different case). The certification should be made: (I) by a Government official to whose custody the original is committed, (2) by a notary Public, (3) by a company's officer before a person with authority administered under oath
  • Fee of €300,00, plus €80,00 for the accompanied documents, plus an optional €100,00 for accelerated procedure (payable in cash, cheque or bank transfer).

The registration is completed within thirty (30) working days or five (5) working days under accelerated procedure from the date the application was duly submitted. For further information you may contact Dr. Thanos Antoniades through This email address is being protected from spambots. You need JavaScript enabled to view it.

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