We advise and assist with the formation of Cyprus and offshore companies through our numerous contacts in both Cyprus and abroad.
- Registration of Cyprus Companies
We can recommend service providers that will assist you in all aspects of Company Formation, starting from a “shelf Company” available to you within 24 hours, to a formation of a Company with a name of your choice within 10 working days.
- Registration of Offshore Companies
Offshore companies not only offer tax exemption but under a correct tax structure, they can be a useful tax tool. More important however is the freedom of operations, confidentiality, and ease of running your business. Through our agents in other jurisdictions we assist our clients with company formation services in several of the best offshore jurisdictions available including:
- The British Virgin Islands
- Cayman Islands
- Channel Islands
- Marshall Islands
- Registration of other International Companies
Through our agents in other international jurisdictions we assist our clients with company formation services in the below international jurisdictions:
- United Kingdom
- Formation of Branches
A branch is part of a company and a company may have numerous branches. Each branch is not a separate legal entity and the company may operate all or part of its activities through a branch. The company is responsible for the obligations of all of its branches. Whilst each branch may have its own managers, the directors of the company are ultimately responsible for the activities of its branches.
- Trustee Services
All nominee services are provided through our network of service providers including nominee directors, shareholders, secretary and an office as a registered office. The appointed nominees hold the shares in the Trust and/or act according to the instructions of the beneficial owners. The beneficial owners are responsible for the appointment and removal of the nominee directors, secretary, and shareholders. The name of the beneficial owner is only disclosed to the bank. Unless there is a disclosure order by a Cyprus court, neither our firm, nor the service providers as nominees, nor the bank share this information with any governmental or other institution. Such an order is issued in cases where there is valid suspicion that the beneficial owner or activities of the company do not comply with AML (Anti-Money Laundering) requirements. Under Cyprus law, every company must have a company secretary and a registered office address in Cyprus which is used as the company’s official address for the receipt of any official documents. “Registered office as a nominee service” means that your company will be registered legally at the provided address.A “nominee shareholder” is the legal owner of the shares of a company. The nominee is obliged to hold the shares for the benefit of the beneficial owner and act under his instructions. Therefore a Trust Deed, which secures the rights of both parties, is signed between the beneficiary owner and the nominee shareholder. For foreign clients, it is advisable that the majority of the Board of Directors consists of Cypriot Nominee directors for the purposes of tax planning. Therefore, a company can claim Cypriot residency and take advantage of the Cyprus tax system and tax treaties offered by Cyprus. According to Cyprus Tax Law in order to be considered a tax resident in Cyprus, a Company must be managed and controlled from Cyprus. This means that the majority of the Board of Directors should reside and work in Cyprus.
- Corporate Administrative Services
We assist clients with a full range of services as follows:
- Preparation of minutes of Directors and Shareholders’ meetings
- Maintenance of statutory records of companies
- Conducting Company searches at the office of the Registrar of Companies
- Completion and submission of company returns and other forms and notifications to the Registrar of Companies (annual returns, changes in share capital, directors or shareholders, etc)
- Secretarial Services
- Translation and legalization of documents
- Opening and operating bank accounts
- Provision of bank signatories and processing bank instructions
- Provision of telephone, email and fax services
- Registration of Trade Names and Trade Marks
- EORI Registration.
- Ready Made “Shelf” Companies
Shelf companies are maintained by our professional service providers and are readily available upon request, facilitating company set-up within 24 hours.
Have a question about our services?
Please do not hesitate to contact us.