Andreas NicolaouIn today's fast-moving business world, entrepreneurs are always looking for simplicity and convenience in all aspects of their business. That is why we have created a unique online platform that will simplify the procedure of setting up a company in Cyprus.
Our platform is designed to be intuitive and transparent, guiding you through each stage of the company formation process wherever you are. In this comprehensive guide, we'll take you through the entire process, explaining each stage in easy terms.
Picking the right name for your company is crucial. Through our easy-to-use tool,
you can propose a name and check its availability in Cyprus within a few seconds.
Our platform is designed to perform a comprehensive search to find any similarity
with the existing registered companies in Cyprus.
This process will help you find a distinctive name that is different from others. While we cannot guarantee that the name you propose will be approved by the Registrar of Companies, our tool will provide insights into the availability of similar names and assist you in finding something original.
When you have your name, you can now give some basic information about the business.
Our interface is user-friendly. This means that you can conveniently sumbit information
about the company's type, who is involved, and where it will have its registered
office.
Although Cyprus offers various company structures, our platform currently focuses
on providing the most popular choice for start-ups and entrepreneurs of any kind
which is a Private Limited Liability Company (Ltd).
However, we understand that some businesses may require alternative structures
that are less commonly used such as Public Limited Companies (PLCs), Partnerships
or even Charities. If you're interested in exploring these options, feel free to
contact us through here and we will accommodate our services to your
specific needs and preferences.
After providing us with basic information about your company, the next step
involves uploading identity verification documents to ensure adherence to
regulations. You can upload PDFs or just pictures. This process is essential for
Know Your Customer (KYC) compliance and maintaining the security of our
platform.
We've made it easy and secure for you to upload these documents, and rest
assured, your sensitive information will be handled with the utmost care and
privacy.
After we've verified and received your KYC documents, you will get an invoice which will be sent to the email address you have provided. Our pricing is transparent, ensuring you know precisely what you're paying with no hidden fees.
After payment, you'll receive the necessary paperwork that needs to be signed by
the shareholders of the company within the memorandum and articles of
association. We'll then contact you to arrange for the signing of the documents
at a location of your convenience.
With this essential step completed, we will then be able to quickly submit the relevant documentation to the Registrar of Companies for their review and approval, initiating the registration process for your company.
The company formation process can smoothly be monitored in real-time through our platform. When you sign in to your account, you get a one-stop place where you can have a clear view of every stage of the process in a meaningful and transparent way. From the initial stage of the application of your company name to the final stage of issuance of certificates and registration of your company, you will be kept updated.
After your company is approved and officially registered with the Registrar of Companies,
there are only a few more administrative steps before you're ready to dive into your
business operations. These include Tax registration with which you will obtain your
company Tax Identification Number (TIN) as well as VAT Registration if your
expected turnover for the year will be equal or more than €15,600.
Beyond that, you may apply for the opening of a bank account with a Banking
institution of your choice either in Cyprus or abroad. If you need any assistance
with the post-incorporation process, feel free to contact us, and
we will be glad to assist you in any way we can.
