If you want to register a company in Cyprus, there are several steps you should follow. There are four major steps. The first one is to pick a name. Choosing the company?s name is a personal choice depending on the company. You should consider the nature of your business in choosing a name. There are also preapproved names. You can use those names for your convenience. The next step to register a company in Cyprus is to determine the structure of the company. You should determine the number of directors as well as the number of shareholders. The director and shareholder can be a natural person or a legal person. The role of the director and shareholder is to protect the anonymity of the owner.
As you know, the rules in Cyprus are different. Anyone can have access on the details of directors and shareholders. It would be a wise decision if you are going to choose those residents of Cyprus so that they will enjoy a 10% corporation tax advantage. Aside from that, you should also specify the main goal of the company. You need to give the details such as the share capital, address, and other related concerns. You can also include special powers such as special power of the board of directors, and the like. Aside from that, the Cyprus law states that you should submit due diligence document. It must consist of typical information such as passport, name, utility bills, addresses, as well as the references of the officers of the company.
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