Download the application in
MS WORD format,
complete it and send it to us.
Before
filling and submitting the Online Application Form please read
carefully the following guidelines. We would like to inform you that
we will ignore any applications that
are not properly filled. However our firm will not have any
responsibility on any information mistakenly filled in brackets
provided by the client.
This application
may be send to us by Fax or Post as well.
Proposed
Company Name: The company's name
should not be similar to any other name already existed registered
with the Registrar of Companies. When someone is applying for a name
he should forward more than one name for approval in
order to allow some flexibility to the Registrar.
Company Business
Activities:
The main objectives of the company should be given in order to be
included in the Memorandum & Article of Association of the company.
Bank
References: To
register an IBC in Cyprus it is necessary to obtain the
permission of the Central Bank of Cyprus therefore the beneficial
owners are obliged to submit to the Central Bank their
Bank References for this purpose.
Each shareholder is obliged to obtain from his bank a confidential
Bank Reference regarding his trustworthiness.
Share Capital:
There is no legal requirement as to the level of authorized
or issued share capital of the company but we always recommend that the
issued share capital, be at least CYPŁ1,000. The IBCs that intend to
have an administrative office (maintain fully fledged office)
in Cyprus must have at least issued share capital CYPŁ10,000.
Beneficial
Shareholders:
It is a requirement that every IBC must have at least two shareholders.
These shareholders can be either individuals or legal entities
(companies) However, if the
shareholders wish to remain anonymous then
nominee shareholders may be appointed and in such a case only the
Central Bank of Cyprus will know the true identity of the shareholders.
Directors:
It is required that each IBC must have a
minimum of one director who thus take office from the date of
incorporation. It is
not necessary to have local director(s) but in most of the cases it is
advisable, so as to show that management and control is made
Secretary:
Every company must have a secretary. The company secretary should
preferably have legal knowledge. Our Law Firm usually acts as the
Company Secretary to handle all the secretarial work (the statutory
book, the minute book, keep the Seal under safe custody, etc) of the
company.
Register office:
Under the law the company is required to have a register office to
handle all its legal correspondence with the government’s authorities.
Our Law Firm usually acts as the registered office of an International
Business Company.
Formation Period:
Usually to
incorporate an IBC takes between 4-7 working
days from the receipt of the required information by the client.
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