Cyprus IBC Company - Offshore Company Formation

Home > Offshore Company Formation > Cyprus IBC Company

Cyprus IBC Company - Offshore Company Formation JURISDICTIONS & FEES

• Cyprus IBC Offshore Company Information
• - Type of Company : IBC
• - Type of law : Common
• - Shelf company availability : Yes
• - Our time to establish a new company : 5 days
• - Minimum government fees (excluding taxation) : Not applicable
• - Corporate taxation : 10%
• - Double taxation treaty access : Yes

• Cyprus IBC Company Share capital or equivalent
• - Standard currency : Cyprus pounds
• - Permitted currencies : Any
• - Minimum paid up : CYP 5,000
• - Usual authorised : CYP 5,000

• Cyprus IBC Company Directors or Managers
• - Minimum number : One
• - Local required : No, but advisable for purposes of tax residency
• - Publicly accessible records : Yes
• - Location of meetings : Anywhere, but Cyprus advisable for purposes of tax residency

• Cyprus IBC Company Members
• - Minimum number : One
• - Publicly accessible records : Yes
• - Location of meetings : Anywhere

• Cyprus IBC Company Company Secretary
• - Required : Yes
• - Local or Qualified : No, but Cyprus advisable for residency and compliance

• Cyprus IBC Company Accounts
• - Requirement to prepare : Yes
• - Audit requirements : Yes
• - Requirement to file accounts : Yes
• - Publicly accessible accounts : No

• Cyprus IBC Company Other
• - Requirement to file annual return : Yes
• - Change in domicile permitted : No

Cyprus IBC Company - Setup And Maintenance Costs

• Cyprus IBC Company Incorporation (Setup) Costs - US$3,800
• The fee is all inclusive (company formation, registered office, nominee director, secretary, shareholders, POA for one person and courier delivery). No hidden costs.

• Cyprus IBC Company Annual Maintenance Costs - US$1,700
• The fee is payable after the first year and covers registered office address, nominee secretary, director and shareholders. No hidden costs.
• Our Cyprus corporate kits are delivered with the following documents :
• - Certificate of Incorporation
• - Certificate of Directors and Secretary
• - Certificate of Shareholders
• - Certificate of Registered office address
• - Certified true copy of the Memorandum and Articles of Association
• - Blank instrument of share transfer by the nominee shareholder
• - Declaration of Trust by the nominee shareholder
• - Power of Attorney(s) to the beneficial shareholder
• - Share certificate(s)
• - Company stamp
• - Stationery (Letterheads and Invoices)

• Cyprus IBC Company Information
• Type of Company for International Trade and Investment Companies incorporated under the Companies Law, Cap 113, as amended, who have obtained Exchange Control permission from the Central Bank of Cyprus to acquire IBC company status.

• Cyprus IBC Company Procedure to Incorporate
• By submission of the Memorandum and Articles of Association to the Registrar of Companies, together with an affidavit before a Court and the appropriate registration fee.

• Cyprus IBC Company Restrictions on Trading
• Cannot undertake to the business of banking, insurance or the rendering of financial services to the public unless special permission is granted. Companies cannot trade with resident individuals or companies situated in Cyprus other than in relation to the maintenance of premises, banking and professional services, unless they have special permission from the Central Bank of Cyprus.

• Cyprus IBC Powers of Company
• The powers and objects of a Cyprus company are contained within the Memorandum of Association and have to be specific.

• Cyprus IBC Company Language and Legislation of Corporate Documents
• English and Greek.

• Cyprus IBC Company Registered Office Required
• Yes, must be maintained in Cyprus.

• Cyprus IBC Company Shelf Companies Available
• Yes.

• Cyprus IBC Company Timescale to Incorporate
• Approximately 5 days, subject to name approval.

• Cyprus IBC Company Name Restrictions
• Any word that the Registrar considers undesirable. Any name that is identical or similar to an existing company. Any name that implies illegal activity or implies royal or government patronage, the following words or their derivatives: asset management, asset manager, assurance, bank, banking, broker, brokerage, capital, credit, currency, custodian, custody, dealer, dealing, deposit, derivative, exchange, fiduciary, finance, financial, fund, future, insurance, lending, loan, lender, option, pension, portfolio, reserves, savings, security, stock, trust or trustees.

• Cyprus IBC Company Language of Name
• Names may be expressed in Greek or any language using the Latin alphabet if the Registrar is in receipt of a Greek or English translation and the name is not considered undesirable.

• Cyprus IBC Company Names Requiring Consent or Licence
• The following names or their derivatives: bank, trust, building society, insurance, assurance, reinsurance, their foreign language equivalents or any name that the Registrar considers may have a connection with the aforementioned.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning Cyprus IBC Company Incorporation, please contact our professionals and we will provide you with free advisory.

Offshore Company Listing

• In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .

1. HONG KONG COMPANY 18. NIUE COMPANY 2. BVI COMPANY 19. MARSHALL ISLANDS COMPANY 3. UK PRIVATE LIMITED COMPANY 20. MAURITIUS(GBC1) COMPANY 4. DELAWARE COMPANY 21. MAURITIUS(GBC2) COMPANY 5. NEVADA COMPANY 22. NEVIS COMPANY 6. SINGAPORE COMPANY 23. BELIZE COMPANY 7. GERMANY COMPANY 24. ANGUILLA COMPANY 8. CAYMAN ISLANDS COMPANY 25. ISLE OF MAN COMPANY 9. USA C COMPANY 26. JERSEY COMPANY 10. USA LLC COMPANY 27. LIBERIA COMPANY 11. UK LLP COMPANY 28. TURKS AND CAICOS COMPANY 12. COOK ISLANDS COMPANY 29. VANUATU COMPANY 13. BAHAMAS COMPANY 30. CYPRUS COMPANY 14. PANAMA COMPANY 31. GIBRALTAR COMPANY 15. BERMUDA COMPANY 32. SPAIN COMPANY 16. SAMOA COMPANY 33. RUSSIA COMPANY 17. SEYCHELLES COMPANY 34. SWITZERLAND COMPANY