How to Incorporate a Company in Cyprus: A Step-by-Step Guide

Cyprus has become a leading destination for entrepreneurs and businesses looking to

incorporate in a tax-efficient, business-friendly jurisdiction. The process of company

incorporation in Cyprus is relatively straightforward, but it involves multiple steps that require

precision, attention to detail, and compliance with regulatory standards.

Here’s a concise guide to help you understand the process of incorporating a company in

Cyprus.

Step 1: Deciding the Basics of Your Company

Before you begin the incorporation process, you need to define key aspects of your company:

Company Type: Decide whether you’re establishing a private limited company, public

limited company, or another structure.

Company Name: Choose a unique name that aligns with your business identity. It must

be approved by the Cyprus Registrar of Companies.

Registered Office Address: Establish a registered office in Cyprus for official

correspondence.

Directors and Secretary: Appoint at least one director and a secretary. These roles are

essential for compliance and management.

Members and Share Capital: Determine the number of shareholders and the amount

of share capital.

Memorandum and Articles of Association: Draft these foundational documents,

detailing the company’s objectives, governance structure, and operational rules.

Step 2: Securing Approval for Your Company Name

The first formal step is to secure approval for your chosen company name from the Registrar

of Companies.

To increase the chances of approval:

Conduct a search in the Registrar’s database to ensure the name is not identical or

similar to an existing business.

Avoid names that are misleading, undesirable, or infringe on trademarks.

The approval process typically takes a few business days. If the name is rejected, adjustments

will need to be made, causing potential delays.

Step 3: Submitting the Incorporation Application

Once the name is approved, you can submit the incorporation application. This includes

providing:

The approved name.
Information on directors, secretary, shareholders, and registered office.
The Memorandum and Articles of Association.

Applications can be submitted electronically or in person to the Registrar of Companies.

Step 4: Receiving the Certificate of Incorporation

After reviewing your application, the Registrar will issue a Certificate of Incorporation. This

document is proof of your company’s legal existence and includes your company’s registration

number.

Step 5: Post-Incorporation Compliance

Once your company is incorporated, there are additional steps to ensure full compliance with

Cyprus regulations:

Tax Registration: Register with the Tax Department to obtain a Taxpayer Identification Number (TIN) and, if applicable, VAT registration.
Social Insurance Registration: Register your business as an employer with the Social Insurance Services.
Trademark Registration: Protect your brand by registering your trademark with the Intellectual and Industrial Property Section.
Annual Obligations: Submit an annual return and financial statements to the Registrar of Companies and prepare audited financial reports for the Tax Department.

While the incorporation process in Cyprus is systematic, it involves numerous steps and

interactions with government authorities. Even seemingly small oversights can lead to delays

or the need for revisions. Additionally, the bureaucratic nature of the process and varying

timelines for approvals can make it time-consuming.

At Alexandrou Corporate Services, we specialize in simplifying the company incorporation

process in Cyprus. Our team of experts ensures:

Documentation and application submissions.
Prompt name approval and incorporation.
Efficient handling of post-incorporation registrations and compliance.

With our expertise, you can avoid unnecessary delays and focus on what truly matters—

growing your business. Contact us today to learn more about how we can accelerate your

company incorporation in Cyprus and help you set the foundation for success.

Ready to Start?

Get in touch with us and take the first step toward establishing your business in Cyprus—

your gateway to the European and global markets.