What Are the Steps to Form a Company in Cyprus?

 

If you intend to expand your business across borders, you might want to start searching for potential jurisdictions where you can easily establish a company. If you haven’t put Cyprus on your list of potential countries, you might want to do that since Cyprus is among the European favorable taxation jurisdictions.

Cyprus is one of the most popular new business destinations attracting entrepreneurs and investors from Asia, Europe, and Africa; therefore, this European country has a robustpotential market with several new customers for businesses.

The biggest question, however, that most businesses face is how to form company in Cyprus?

Six simple steps that you should know if you want to form a company in Cyprus:

● Apply to the Registrar of Companies for approval of your company’s name.

● Hire a corporate lawyer who can assist you in creating a Memorandum and Articles of Association.

● Submit thememorandum to the Department of Registrar of Companies and Official Receiver. Along with this, submit a registered address, names of all directors& secretaries, and pay therequired fees.

● Receive the Certification of Incorporation in a few working days (usually 5 – 7 working days).

● Get your Tax ID by applying to the Tax Department.

● If your company in Cyprus wants to employ staff members, don’t forget to register them with the Ministry of Labour, Welfare, and Social Insurance.

You only need these six simple steps to form a company in Cyprus. For the process to be completed efficiently, you will need the assistance of acorporate lawyer.

Chambersfield Economides Kranoswill provide youefficient corporate and business law services. The Law Firm’s team of experts will advise and guide you through every step and assist you in forming a company as soon as possible.

Chambersfield Economides Kranos is amongst the leading Cyprus law firms cknowledged by various international associations offeringcorporate, commercial, business, and consulting services. The company has been operating in nine countries around the world. They have been offering legal advice to businesses for several years and have always assisted clients in achieving their targets.

The law firm has always believed in offering an unbiased consulting perspective along with professional legal advice.

So, if you want to get experienced legal advice and a professional team of lawyers by your side, contact Chambersfield Economides Kranos now.

About Chambersfield Economides Kranos:

Chambersfield Economides Kranos is a leading law firm that works with professional Cyprus lawyers offering excellentlegal and consulting advice.

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




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