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CompanyRegistra   , 32

from Perth


Registering a company in Cyprus

During recent years Cyprus has introduced considerable changes to the Company Law (Cap 113) and relevant regulations render this tropical isle a beautiful jurisdiction for most international businesses to conduct their activities via various Cyprus legal entities. Company Registration in Cyprus

The following legal corporate forms might be conducted in Cyprus:

�Cyprus Company (private limited company, public company, company limited by guarantee).

�Branch of a foreign company.

�Re-domiciliation of the foreign company.

�Societa Europea.

Businesses can also be conducted through other legal forms such astrusts and partnerships, business names and sole proprietors. The conventional corporate tax rate for companies that are registered in Cyprus is 12.5%, among the lowest rates in Europe. The VAT rate is 19%, but there is a reduced rate for certain products and many goods and services also hold a zero VAT rate. There is absolutely no withholding tax in the dividends paid with a Cyprus company to the non-Cyprus resident Shareholders, without any withholding tax applies to dividends received from EU subsidiaries.

Cyprus private companies limited by shares should have at least one Director, one Shareholder along with a company secretary. A Cyprus company must also have a registered office. An authorised power of attorney or company service provider is capable of doing the registration procedure. The subsequent information will be required:

�The address and passport specifics of the proposed Secretary and Directors of the company.

�The proposed registered address from the company.

�A utility bill to behave as proof of residency.

�A recent bank reference letter/statement.

�The proposed business address from the company.

The following forms are to be filled in and submitted accordingly:

�Declaration of company incorporation.

�Registered company office address.

�Details of the Shareholders, Directors and Secretary.

�Memorandum and Articles of Association.

After the following information has become received through the Registrar of Companies, the business will be officially registered. The complete process takes approximately 30 days in total.