Below you will find some of the most frequently questions our clients ask. If you have any further questions regarding any of the questions and answers provided below or any other questions not covered in here, please do not hesitate to Contact Us:
Alexandrou Corporate Services has a vast experience in both the local and international markets. For this reason we are able to provide you with the most efficient, knowledgeable and professional service possible. Our professional staff will accommodate your every need to suit your company's requirements and make sure you company is presented in the best possible way.
Alexandrou Corporate Services will: Provide assistance and advice related to the tax structure of your business. Register your company in Cyprus or any other offshore destination and obtain all the documents for your company (Certificate of incorporation, Certificate of directors and secretary, Certificate of registered office address, Memorandum and Articles of Association). Prepare the minutes of board meetings and annual general meetings on your behalf. Provide you with an expert auditor who will provide all the financial statements, tax reports and internal audit reports as required. Supply an accountant for maintaining your books, invoices, payroll services and preparing your management accounts. Advise and register your company for VAT in Cyprus; prepare all the necessary documents and submit your VAT reports to the authorities. Provide you with a lawyer to deal with all your legal affairs related to your company's operation. Offer you a registered office address as well as secretarial services for your company. Provide you with a virtual office in Cyprus. This includes a dedicated telephone line, fax line and office address for your company. These services will be handled by our trained and professional secretarial staff and any communication will be forwarded to you on a pre-arranged destination. Provide you with a serviced office space to serve your needs. That will include, a fully furnished office, a secretary, a private telephone line, cleaning, and a high tech fully equipped conference room upon request.
We provide you with a short or long term fully furnished office space for members of your company upon request. Open, administrate and maintain corporate and/or personal bank accounts in Cyprus. Carry out all the communication between your company and third parties (Governmental services, Tax authorities, Banks). Conduct any form of communication required from your company to any other legal entities in Cyprus or abroad. Design and perform a PR plan for your company targeting the Cyprus market if requested. Handle the media presence (advertisements, press releases and announcements) of your company upon demand. Organise conferences, meetings or any other event on behalf of your company.
There are various individuals and companies who might benefit by using offshore structures and companies. In general a businessman will create an offshore company in order to start working without having to deal with all the administration and paper work necessary by some onshore jurisdictions. Offshore companies are much easier to manage and will reduce or even completely cancel paying taxes depending on the jurisdiction you are operating from.
A lot of our clients require offshore companies when dealing with international trading, are acting as consultants, trading in e-commerce or use offshore companies as holding companies in order to hold several of their assets (yachts, planes, houses etc.) or even to register their trade marks, domain names and patents.
Additionally, an offshore company may be used as a means of avoiding inheritance tax laws. In order to optimize inheritance tax liability, the offshore structure may also combine a trust or foundation.
This will depend on the jurisdiction you choose. We normally prepare and finalise all documents necessary within one week from the time we receive all information required to form your new company. Once the final documents have been prepared and signed and your company has been incorporated, it will take about 2-6 days for the documents to reach you.
In case you choose a Cypriot company, you will be able to purchase an "off the shelf" company which we hold in our offices. This will minimise the waiting time and in most case documents can be sent to you within 1-2 working day.
A "Shelf Company" is a company that has already been formed and that has been put on a "shelf" until someone agrees to purchase it. The reasons we do that is because a lot of times our clients require a company immediately and are not able to wait for a week until all documents are prepared, approved and the company is incorporated.
Additionally, some of our clients prefer to buy a company that has been incorporated a while ago, as it gives a track record and sometimes more credibility to the company.
"Shelf companies" are more expensive as they are older and in most cases the annual maintenance fees from the time of incorporation might need to be paid.
You should firstly have a clear mind of what you need the offshore company for. You should then make sure that the country you choose has a great banking system, good communication means, a good political and economical stability, a good reputation and a stable legal system.
All jurisdictions mentioned in our website and with which we are dealing with enjoy these benefits. Additionally, depending on your country of residency, the type of business you will be contacting and the location of where your business will be contacted, you should choose the jurisdiction that suits your needs best.
Should you have any further doubts or need any further advice, please ask to discuss this with one of our tax lawyers/advisors.
Yes, this is one of the fields you need to fill on our order form. We normally ask our clients to provide up to three names in order of preference. We will then check these names with the local "Company Registration Office" of the jurisdiction of your choice and if those names are available for incorporation we will use one of them. If not, we will send you alternative names for you to choose from. We also have lists of shelf companies or pre-approved names which we will be able to provide you with upon request.
No. All of the documents which need to be signed by you will be sent to you by post, or courier. Everything can be finalized by post and your final original documents will be sent to you by courier.
This will depend on the jurisdiction you will choose. Most offshore destination we deal with do not require the filling of account or tax returns.
This will depend on the jurisdiction you will choose. Most offshore destination we deal with do not require any tax payments on profits made by companies incorporated within that jurisdiction.
You will need to settle the yearly fees at each anniversary of your company (not end of each calendar year). To avoid delays which will lead to striking of your company from the company registry we will send you an invoice as early as two months before the anniversary of your company.
Within our prices we have included the first year's fees.
We accept payments by bank transfer, cheque or banker's draft. Following receipt of your order form, one of our staff will contact you to discuss your requirements, confirm your details and arrange payment.
Our fees should be paid before the company formation is completed. This is due to the fact that we are unable to hold your company in case you change your mind.
No. We will proceed to open a bank account for your company only if you request us to do so. As soon as you request that and choose the bank you wish to work with, we will send you all relevant forms in order to open an account for you. However, it is at the bank's discretion to accept or refuse your application depending on how comfortable they are with your personal detail and the nature of your business.
We can open a bank account in Cyprus, Switzerland, Seychelles, Panama, Belize and Hong Kong.
You will be able to open your account in any currency you wish. The currencies which are most commonly used are USD ($), UK Pounds (£) and Euro (€).
In some cases you might be able to open a multi currency account in order to save on exchange rates.
Yes. Banks normally charge an annual fee for maintaining a corporate account. These fees vary from bank to bank but a rough estimate will be around €200/Year. The fees payable to the bank will also depend on the number of transactions going through the account.
Our company though, will not be charging you any additional fees to maintain your account. The only fees we will be charging are the fees related to opening the bank account.
Like for any other bank account. We can organise for your bank to issue you with a credit and debit cards, a cheque book, internet banking access codes or by visiting the bank.
No, you will not be required to visit a bank in order to open a bank account. We will manage the whole procedure and send you all relevant information by post. However, if you wish to come, we can organise a meeting with your bank manager in order to discuss any issues that might concern you or different ways to work with the bank.
The shareholder is the person who owns the company, the person who holds the shares issued by the company under his/her name. A company can be owned by one or more shareholders who can either be an individual or companies.
The director is the person responsible for determining the policy of the company. He is the person who will need to sign any business contracts, bank account opening forms and other official documents. The Director is normally appointed by the shareholder following the first official company meeting, but sometimes this can be done by a resolution. A company can have one or more directors who can either be an individual or a company.
"Nominee Director" is the person/company appointed by the beneficial owner of the company to act as a company Director. A nominee director will normally be appointed for confidentiality reasons. His name will appear in all contracts between your company and other companies, employees, bank documents and Companies house registration documents. A nominee director will only be appointed following your request.
Upon appointment of "Nominee Director", a nominee service agreement, as well as, an indemnity form will be signed between the client and the nominee. These will guarantee to the client that the nominee will only act or sign documents upon the client's requests. It also guarantees to the nominee that he/she has no responsibility.
"Nominee Shareholder" is the person/company appointed in order to provide more confidentiality for the company's beneficial owner. A nominee shareholder will be appointed upon your request.
Upon appointment of "Nominee Shareholder", a nominee service agreement, as well as, an indemnity form will be signed between the client and the nominee. These will guarantee to the client that the nominee will only act or sign documents upon the client's requests. It also guarantees to the nominee that he/she has no responsibility.
"Nominee Secretary" is the person/company appointed in order to provide the basic secretarial services to the company. A "Nominee Secretary" will prepare and sign all resolutions, as well as, minutes of the meeting necessary for the appointment of the company's officials, opening of the company's bank account and in many cases can act as a signatory to the bank account is this is required by the beneficial owner.
Upon appointment of "Nominee Secretary", a nominee service agreement, as well as, an indemnity form will be signed between the client and the nominee. These will guarantee to the client that the nominee will only act or sign documents upon the client's requests. It also guarantees to the nominee that he/she has no responsibility.
By "Virtual Office" we mean having an address without any physical presents of your own. Choosing to have a virtual office will provide you with a company address, in our offices in Cyprus, at which all correspondence related to your company, will be sent. Following receipt of your correspondence we will then agree the way we will be using to forward it to you (fax, e-mail, post or courier).
Whether you choose or not the "Virtual Office" option, your company will still need to have its registered office address in the country of incorporation.
"Notarisation" means that a notary will need to check all the documents that we issue for your company and confirm their legal status.
"Apostil" is a certification and legalization of the corporate documents, by the government where your company has been incorporated.
Please note that the notarisation and apostil options will be necessary if you require a bank account to be opened.
By having created a great network of offices and affiliates in several countries and due to the high volume of new companies we form, we are able to offer excellent and efficient service to our clients without having to charge them excessive amounts on money. Our fees are clear without any hidden charges.