About us
We’ve been helping businesses and their advisers form companies and provided expert advice on the establishment and implementation of complex cross-border tax planning arrangements for more than a decade.
Many corporate law firms, business consultants, financial advisers and other intermediaries from all over the world entrust us to hold assets on their behalf knowing that those assets are being managed solely for the benefit of their clients
Frequently Asked Questions
Yes. Work permits and residence permits are required though for non-EU nationals who may wish to live in Cyprus and work at the company’s office.
No and there’s no need to deposit the company’s paid up share capital in the company’s bank account either. Because the registration fees and company set-up fees usually exceed the share capital amount, the share capital is deemed to have been paid.
Using nominee shareholders is advisable if you require confidentiality and anonymity. If you take up this option, you will be provided with a trust deed, showing you to be the owner of the shares which are held in trust for you by the nominee shareholders. You will also be given a signed and undated instrument of share transfer, which enables you to transfer the shares at any time in your name or in the name of anyone you choose. Appointing Nominee directors is also advisable for tax residency purposes. A Cyprus IBC must be able to prove at all times, that it is managed and controlled from within Cyprus in order to be considered resident in Cyprus and thus benefit from the country’s favourable tax regime.
In a word, no. Once we have your instructions, we will proceed with the registration of your company, irrespective of whether nominee services are required or not. Alternatively, if you choose to set up a fully fledged office on the island, you can move to Cyprus with your family, as director of a Cyprus registered IBC (subject to certain conditions). Or you can set up a ‘virtual’ office and have all the advantages of maintaining an office in Cyprus but at minimum cost.
- all company registrar expenses
- registration of the company
- a full set of company certificates (Certificate of Incorporation, Certificate of Directors and Secretary, Certificate of shareholders, Certificate of the Company’s Registered Office, the Company’s Memorandum and Articles of Association)
- company first minutes and company rubber stamp
- Nominee services
- Trust Deed and Instrument of Share Transfer
The company’s registered office and secretary costs are included in the company’s first year of operation of the company.
Option A: A ready-made company?
This is the easiest, quickest and most inexpensive option. All you do is choose a name you like from our list of ready-made IBCs and leave it to us to get on with it. Knowing the entities name and structure has been pre-approved removes doubt and allows you to start trading within 24 – 48 hours. Directors and shareholders are Dignitus Management Services Ltd nominees.
Turning around a reactive pharma supply chain
This option is a more flexible than option A. It allows you to create a name of your choosing for your company in Cyprus and to appoint your own directors and shareholders as distinct to nominees. You will have to wait (3 working days) for your IBC name to be approved by the Registrar of Companies but subject to that proviso, you will have the benefit of applying your own identity or branding to your IBC.
If you choose one of our ready made companies, you can be in business within 24 hours: if you prefer to set up a new, made to measure company, the process can takes as little as 6-7 days.