Compliance Review- Cyprus Investment Firms Compliance Review- Cyprus Investment Firms Kyriakos Tramountanellis x / Friday, August 12, 2022 0 111 Article rating: No rating Our observations/comments during the review of some of our clients Compliance Reviews taken place in 2022 Read more
New Audit Requirements New Audit Requirements Kyriakos Tramountanellis x / Wednesday, August 10, 2022 0 177 Article rating: No rating Read more
Διευρυνσή πλαισίου για την προσέλκυση εταιρειών στην Κύπρο. Διευρυνσή πλαισίου για την προσέλκυση εταιρειών στην Κύπρο. Kyriakos Tramountanellis x / Friday, August 5, 2022 0 95 Article rating: No rating Με 50 ψήφους ψηφίστικαν τα νέα μέτρα που έχουν ως σκοπό τη προσέλκυση εταιρειών στη Κύπρο. Read more
Introducing ICARA - New Cysec Requirement for Cyprus Investment Firms Introducing ICARA - New Cysec Requirement for Cyprus Investment Firms Kyriakos Tramountanellis x / Friday, August 5, 2022 0 206 Article rating: No rating The Article is written for the Cyprus Invesment Firms, is the Cysec Requirement for the Internal Capital Adequancy Review assesment. Read more
Director Responsibilities & Misconceptions Director Responsibilities & Misconceptions Kyriakos Tramountanellis x / Thursday, August 4, 2022 0 99 Article rating: No rating The article intends to provide knowledge to the average reader in a summarised and simplified manner regarding the Company's Director's responsibilities. Read more
Simple steps for the creation of a Cyprus Company Share Written By Kyriakos Tramountanellis Tags bankbankingcompanycompany ownercompany set upcreate companycreationcypriusdirectorsdirectory of shareholdershow tohow to create a cyprus companyincorporationlimassollimitedlimited companiesnicosiashareholderstips to open bank accountwhat do bank want 2022-01-04 Creating a Cyprus Company couldn't have been easier! In this short article we will show you how to simple it is to create a Cyprus company in few steps. Trust us we do this on a weekly basis! 1. Cyprus Company Structure All Cyprus companies must have the below set up: Director - at least 1 person Company Secretary - 1 person Shareholders - at least 1 and less than 50 persons Registered office - in the republic of Cyprus Want to know more - see explanatory video here. 2. Timeframes Company name approval - 5 working days (1 week) Company creation - 15 working days (3 weeks) Issuance of certificates - <5 working days after the company formation (< 1 week) As you can see setting up a company from scratch usually takes 3 - 4 weeks. Tip - If you urgently need a Cyprus company: a) you can obtain one by buying a company off the shelf (see explanatory video here) b) apply for any available name advised by your service provider and you can rename the company later on 3. The Process 1. Decide on the composition and set up 2. Agree on the fees 3. Sign relevant engagement letters 4. Transfer the fees to the service provider (who will use the majority of them to pay government disbursements) 5. Service provider will proceed with the incorporation of the company (more information here) 6. Service provider will send you the incorporation documents 7. Auditors and accountants will proceed with the registration of the company with the local authorities (VAT, TAX, etc) 8. Proceed with opening of the bank account (more information here) 9. Once the bank account is ready you can commence trading! 4. Need a Cyprus company Contact us and we will commence the incorporation as soon as possible. 5. Relevant Literature Complete guide on Cyprus company creation Cyprus Company Taxation Relocating to Cyprus - YouTube Explanatory Videos Maintenance of a Cyprus company