COMPANY INCORPORATION IN CYPRUS

CORPORATE LAWYERS CYPRUS

We handle every stage of your business setup in Cyprus and other jurisdictions. From incorporation and tax to banking, accounting, and legal compliance.

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Our Company Incorporation Services

Michael Chambers & Co LLC is a leading law firm based in Cyprus that specialises in providing company formation services to both domestic and international clients. Our firm has a team of experienced lawyers, accountants, and business consultants who can guide you through the process of setting up your business in Cyprus, from the initial stages of incorporation to ongoing compliance and taxation issues

  • Business Structuring: We can advise you on the most appropriate legal structure for your business, taking into account your specific needs and objectives. Whether you require a private limited company, public limited company, partnership, or sole trader, we can help you choose the most suitable structure.
  • Company Incorporation: We undertake the incorporation of your company with the Registrar of Companies and Official Receiver of Cyprus.
  • Tax Planning: Cyprus offers several tax benefits to companies, including a low corporate tax rate of 12.5%, a wide range of double taxation treaties, and exemptions on certain types of income. Our firm can advise you on the most tax-efficient way to structure your business, and can help you understand and comply with tax laws and regulations in Cyprus.
  • Banking and Finance: We can assist you with opening a bank account in Cyprus. We can also advise you on the various banking and finance options available to you.
  • Ongoing Compliance: Our team can help you ensure that your business complies with all the legal and regulatory requirements in Cyprus, including annual reporting, tax filings, and other statutory obligations. We can also advise you on employment law, data protection, and other areas of corporate governance.

At Michael Chambers & Co LLC, we are committed to providing our clients with high-quality, personalised service that is tailored to their specific needs. Our team has a deep understanding of the Cyprus legal and regulatory environment, and can help you navigate the complexities of setting up and running a business in Cyprus.

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Why Incorporate a Company in Cyprus

There are several reasons why you may want to consider registering a company in Cyprus, including:

  • Favorable Taxation: Cyprus has one of the lowest corporate tax rates in Europe at 12.5%, making it an attractive destination for international businesses looking to establish a presence in the EU. Additionally, Cyprus has signed double taxation treaties with over 60 countries, which can help to reduce the tax burden on businesses.
  • Strategic Location: Cyprus is located at the crossroads of Europe, Asia, and Africa, making it an ideal hub for businesses looking to expand into these regions. The country also has excellent transport links, including two international airports and two major ports.
  • Business-Friendly Environment: Cyprus has a business-friendly environment, with a stable economy, a skilled workforce, and a robust legal system. The country is also a member of the EU and the Commonwealth, which can provide businesses with access to a wide range of markets.
  • Easy Company Formation: The process of registering a company in Cyprus is relatively straightforward, with low registration fees and minimal bureaucracy. It typically takes around 7-10 working days to register a company in Cyprus.
  • Access to EU Markets: As a member of the EU, Cyprus provides businesses with access to the EU market of over 500 million consumers. This can be particularly beneficial for companies looking to expand their operations within the EU.

Overall, Cyprus offers a range of benefits for businesses looking to establish a presence in the region. From its favorable tax regime to its strategic location and business-friendly environment, there are many reasons why you may want to consider registering a company in Cyprus.

Company Incorporation Process in Cyprus

The process of registering a company in Cyprus involves several steps, including:

  • Business Structure: The first step is to decide on the legal structure of your business. Cyprus offers several options, including a private limited company (Ltd), a public limited company (PLC), a partnership, and a sole trader.
  • Reserve a Company Name: Once you have decided on the legal structure of your business, you will need to choose a name for your company.
  • Draft and Sign the Memorandum and Articles of Association: The next step is the drafting of the Memorandum and Articles of Association, which outline the objectives, rules, and regulations of your company. Once this is done, the documents must be signed by the shareholders and the directors of the company.
  • Register with the Registrar of Companies: Once the Memorandum and Articles of Association have been signed, we proceed with registering your company with the Registrar of Companies of Cyprus.
  • Obtain a Tax Identification Number: After registering with the Registrar of Companies, we proceed with obtaining a Tax Identification Number (TIN) from the Cyprus Tax Department. This number is required for all tax-related transactions in Cyprus.

Additional Services

To complement our company incorporation and corporate services, we provide key business support services to help you manage operations more efficiently:

  • Banking Services: Guidance with corporate bank account setup, regulatory compliance, and international financial transactions.
  • Accounting Services: Full support with bookkeeping, financial reporting, tax returns, VAT registration, and payroll processing.
  • iGaming Licensing: Assistance with applying for and securing gaming licences across various jurisdictions, with a focus on legal compliance.
  • Fiduciary Services: Provision of nominee directors, shareholders, and trustee services to support your business structure and protect confidentiality.
  • International Incorporation: We also offer company formation services in other jurisdictions such as Curaçao, Belize, Costa Rica, Marshall Islands, St. Kitts and Nevis, Anjouan and more.

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Ready to Establish Your Business in Cyprus? Let our experts guide you through the process of setting up and running a business in Cyprus.