Standard issued share capital

CY£1000

Minimum paid up share capital on incorporation:

20%

Minimum number of Shareholders required:

One shareholder (if the company director is a natural person) or

Two shareholders (if the director is corporate).

(At least one non-resident shareholder)

Nominee Shareholders Permitted:

Yes

Minimum number of directors:

One (1)

Corporate directors permitted:

Yes

Local directors required:

No

Local meeting required?

No

Company secretary required?

Yes

Meetings:

At least one General Meeting each year, in addition to any other company meetings.

Local Registered office required:

Yes. We offer registered office services.

Cyprus Tax residence to benefit from Tax Treaty network:

Based on incorporation in Cyprus.

Exchange Control:

No exchange control regulations - may conduct business in any currency

Average timeframe to set up a new company

2 days (depending on availability and adequacy of documentation/information provided)

Disclosure of beneficial owner to Company Registrar

No (when using nominees)

Government register of directors

Yes (nominees possible)

Government register of shareholders

Yes (nominees possible)

Annual return

Yes

Submission of accounts

Yes

Audit

Yes