Our team of experts will assist and help you navigate the requirements to form your Cyprus business and also ensure you comply with all local regulations that are vital to running your business.
We provide comprehensive Company Registration, Banking and Corporate Administration services. Our experienced, hands-on team of Corporate Lawyers, Chartered Accountants and Company Administrators ensure that the services are at utmost standards.
• Name application
The time of approval will take about 1-2 working days. Alternatively, to save time you can request our list of Approved company names.
• Incorporation -Time frame
Once the name has been approved and the relevant incorporation documents have been submitted to the Registrar of Companies, the company will be incorporated within 5-7 working days.
• Bank Account
The consulting team of Avant Management Services are able to provide valuable, confidential and comprehensive consultancy to clients for the establishment of Corporate or Personal Bank Accounts in Cyprus and abroad.
• Memorandum and articles of Association
Cypriot companies must possess a memorandum and article of association that will determine the activities of the company and how the establishment will regulate its internal affairs.
• Share Capital
There is no legal regulation restriction on the minimum or maximum share capital of the company. It’s customary for private companies to have authorised and issued share capital of €1,000
In accordance with Cyprus law, limited liability companies must have at least one shareholder. If you wish to preserve the anonymity of shareholders, the shares may be held by a company which acts as a trustee of the shares of the owners, without revealing their real identity.
• Board of Directors
Although the appointment of local board members is not required by law, however, for tax purposes, it is considered desirable. It should be noted that, from a tax point of view, is essential that the company is managed and controlled in Cyprus, which is why it is recommended that the majority of directors are local residents. Nominee Directors services can be offered by our firm
A lease one Secretary must be appointed, corporate or individual, to ensure compliance with statutory and regulatory requirements
• Registered address
A registered physical office address located in Cyprus is required, where the company must keep all statutory records.
• Preparation of all statutory documents
• Provision of registered address
• Provision of the Company Director and Secretary
• Provision of nominee shareholders to safeguard anonymity of beneficial owners
• Obtaining the Tax Identification Code (TIC)
• Obtaining the VAT number
• Assistance with corporate bank account opening
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