Cyprus Incorporationsx


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Our Cyprus onshore incorporation information pack

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Cyprus Incorporationsx

  1. 1. Cyprus IncorporationsA robust financial environment, with strong World Class products and services and acourteous and professional workforce, Cyprus is a jurisdiction with which we have strong tiesand an excellent professional relationship with many within the financial and bankingsectors, which enables us to be able to offer Guaranteed Bank Accounts, without referencesor credit checks.Today Cyprus is one of Europe’s fastest growing countries, having transformed itself intoone the Mediterranean’s most dynamic business and financial centres. Cyprus can now beconsidered part of a new world order, straddling the gateway of Asia, Africa and Europe.With strong ties to the Middle East, the Balkans and Eastern Europe as well as the EU,Cyprus is realising its potential as a ‘business bridge’ between these vastly differentcontinents.Benefits of our Cyprus package • Nominee Director • Nominee Shareholder • Guaranteed Corporate Bank account with Bank of Cyprus • No Credit score required • No bank reference required • Three currency account with GBP, EURO and USD account numbers • Internet Banking • Telephone Banking • Total Confidentiality • VISA Debit Cards available (subject to a $5000 holding deposit) • Minimum opening balance £200.00 GBP or currency equivalent • Company formed to client’s choice of name • Virtual Office Facility Available with telephone and postal service (contact us for more information) • Company residency status • Fee inclusive of all the above services £2750.00 GBPAll first year fees are inclusive. Yearly fees from year two onwards £1500.00 inclusive ofnominee director fee, company fees and certificate of good standing.Uniqueness of Cyprus • Lowest Tax rate in Europe at 10% • VAT 15% • Cyprus became a full member of the EU on 1st May 2004 • Extensive network of double taxation treaties covering over 40 countries worldwide
  2. 2. Double Taxations Avoidance AgreementsCyprus holds double taxation avoidance agreements with Armenia*, Austria, Belgium, Bulgaria,Canada, China, CIS (ex-USSR), Czech Republic, Denmark, Egypt, Federal Rep. of Germany,Finland*, France, Greece, Hungary, India, Ireland, Italy, Japan*, Kuwait, Mauritius, Norway,Poland, Romania, Russia, Singapore*, Slovakia, South Africa, Sweden, Syria, Thailand, Ukraine*,United Kingdom, United States, Yugoslavia (Serbia and Montenegro)*These are awaiting completion.Features of CyprusLocation Europe MediterraneanTime Zone GMT+2 Cyprus is 2 hours ahead of UKInternational Business YesCompanies (IBCs)Trusts Yes Please apply for further informationBanking Yes Authorised to open bank accountsStatutory description of Private Limited Resident CompanyCompanyGoverning Corporate Legislation Cyprus Companies Law, based on the English 1948 Companies Act. Single member companies introduced by the Companies (Amendment) Act 2000. Other amending legislation passed in 2000 and 2001Time-scale for incorporation 2-4 working daysAvailability of ready-made companies YesRegulations governing names of IBCs Limited or LtdMinimum & Maximum numbers of Minimum of one shareholder toshareholders incorporate, there is no maximum number of shareholdersStatutory minimum paid-up capital Minimum share capital is 1000 EURrequirementsClasses of shares Registered shares of par value, preference shares, redeemable preference shares and shares with no voting rights.Annual Renewal costs £1500.00 GBResidency requirement of shareholders There is no requirement for theor shareholders meetings shareholder to be a Cypriot citizen.Minimum and maximum number of Minimum of one Director to incorporate.DirectorsNationality and residency requirements The Director does not need to be aof directors Cyprus citizen, although this is
  3. 3. recommended for purpose of tax residency.Requirement to file accounts YesRequirement to keep a registered office The company must keep a registeredin Belize office in CyprusHow do I apply?In order to proceed we will need the following things from you:1. Your choice of company name (your own choice of company name will be put to the relevant registry – alternatively you may request an up to date list of pre-approved names or view these on our website on the relevant product page).2. Confirmation of the business activities of the proposed Company.3. Your fee payment. Fees can be paid by credit card, Western Union Transfer or Bank Transfer (payment details below)Payment Options:Credit/Debit Card: by email to or telephone us on +44 (0) 1305 853310 or youmay order via our secure on-line facility at www.molybank.comCash or Bank Transfer to our account at:Our Bank Account details are available on request.We also accept payment by Western Union (call us for details)Once your application has been accepted we will pass your file to our administration team, wherewe will send you a short application for and will require two forms of identification for each personsigning on the Company Bank account: 1. Passport photocopy 2. A home utility bill (council tax, electric, water or gas) showing your residential address, dated within the last 3 months and in English or officially translated into English (other forms of I.D. can be accepted if you are unable to provide a home utility bill. Kindly consult us).We hope that you have found this information of help.If you have any questions please do not hesitate to contact us.We look forward to being of assistance.
  4. 4. Amanda J Molyneux & Company LimitedBolan House, Chalky Road, Broadmayne, Dorset DT2 8PJ+44 (0) 1305 853310 / +44 (0) 7719