Frequently Asked Questions on Cyprus Companies

Article Index

• Frequently Asked Questions on Cyprus Companies
• What are the consequences of a limited liability company?
• What are the benefits of incorporating a company in Cyprus?
• What is the procedure which has to be followed in incorporating a company in Cyprus?
• How long does it take for a new company to be registered?
• Do I have to be present in order for my company to be registered?
• What is the difference between a Shareholder and a Director?
• Who can be a Shareholder and a Director?
• What is the difference between Authorised Share Capital and Issued Share Capital?
• Are there any minimum Share Capital requirements for a Cyprus company?
• Does the Share Capital have to be paid at the Companies Registrar upon incorporation?
• Are company documents in the Registrar open for public inspection?
• What information may be disclosed about a company?
• What is a ‘nominee Director’?
• What is a ‘nominee Shareholder’?
• What certified copies may be requested from the Registrar of Companies?
• What is a registered office?
• What is a Certificate of good standing?
• What is the difference between notarisation and apostille?
• What is a Double Taxation Agreement and how does this affect a company?
• Are financial statements mandatory under Cypriot legislation?
• What are the VAT requirements for Cyprus resident and Cyprus non-resident companies?
• Can a bank account be opened for a Cyprus company outside Cyprus?
• Can a bank account be opened in Cyprus?
• How can a Director be removed?
• What is the purpose of General Meetings?
• What should happen if there is a conflict of interest between the Director and the company?
• When is a Director restricted from selling or purchasing company shares?
• Does the company need to hold an Annual General (Shareholders’) Meeting (AGM)?
• How can minority Shareholders be protected?
• How is a Cypriot company dissolved?
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