What Are the Steps To Form A Company In Cyprus?

In the past few years, many entrepreneurs have come to Cyprus to form a company.

And why wouldn't they come?

After all, the corporate tax rate in this country is just 12.5%. Cyprus has one of the lowest corporate tax rates in the whole of Europe.

Once you have formed your company in Cyprus, you can enjoy the benefits of more than 65 double taxation treaties.

In simple words, the double taxation treaties ensure that natural persons or corporate entities will not compensate on their business taxes in the two countries simultaneously.

Lastly, the process of registering a company in Cyprus is straightforward and fast.

So, if you are interested in forming a company in a beautiful country island like Cyprus, start looking for one of the best Cyprus law firms. By having a lawyer by your side, you would be able to handle any difficulties. That's why you should hire a lawyer.

Now, let's check the steps that are involved in forming a company in Cyprus.

● Company name: To form a Cyprus company, the first thing you should do is choose your firm's name. When you choose a name, it is prefer able to submit three different name options. The reason behind this suggestion is to avoid any synonymity with another company's name.

● Memorandum of articles of association: Once the name is approved, you should submit an application describing your firm's activities.

● Shareholders and board members: You need at least one shareholder, a director, and a minimum capital of 1000 euro.

● Registered office: You should register a local office.

When forming a company, it is wise to get in touch with Chambersfield Economides Kranos. It is a reputed law firm that works with a team of incredibly talented and experienced lawyers. Chambersfield Economides Kranos has a physical presence in more than nine countries.

The Cyprus lawyers of this law firm always support their clients and provide services that deliver results. If you are interested in cooperating with Chambersfield Economides Kranos, visit its website today.

About Chambersfield Economides Kranos:

Chambersfield Economides Kranos is a trusted, multi-awarded law firm that you can cooperate with to form company in Cyprus.

For more information, visit https://www.eklawyers.com/

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