Cyprus Offshore Company Formation - Requirements

• DIRECTOR: Minimum of one Director. Corporations are permitted.
• SECRETARY: A Secretary is necessary.
• SHAREHOLDER: Minimum of one Shareholder. Corporations are permitted.
• Shareholder(s), secretary and director(s) may be the same.
• SHARES & CAPITAL: The standard share capital is CY£ 1,000.00 divided into 1,000 shares of CY£ 1.00 each. Bearer shares are not permitted.
• NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.

Other Information About Cyprus Offshore Companies

• Status of the company: Cyprus International Business Company (IBC).
• Incorporation of Cyprus company takes 7 - 10 working days.
• Cyprus companies pay up to 10% tax on profits generated in Cyprus, profits generated from the rest of the world are not taxed.
• There is requirement to file financial and tax statements with the Cyprus authorities - a company is required to keep financial records that reflect the financial position of the company. Audited accounts to be filed at the end of every fiscal year.
• There is requirement to file annual return with the Cyprus authorities.
• The Cyprus incorporation documents carry the names and identity of the shareholder(s), director(s) and secretary. As such the names appear on the public record. To secure the anonymity of director and shareholder, the nominee services are available.
• The object of the Company is to engage in any act or activity that is not prohibited under any law. There are no restrictions on doing business within or outside of Cyprus by Cyprus companies.

Cyprus Incorporation Package Includes

• Certificate of Incorporation,
• Memorandum and Articles of Association,
• Appointment of the First Director,
• Registered Office service to December following incorporation,
• Registered Agent service to December following incorporation,
• First year Government fees,
• Share certificates,
• The complete corporate package is delivered by express courier.