A made-to-measure company?
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. Following the Registrar’s approval of your name, the company formation documents will then be submitted for approval . The company will be ready to start business within 15 – 20 days, or if you are in a hurry, within 2 – 3 days, provided a small premium fee of EUR 300 is applied.
What our company lawyers will need to know
- Tell us what the main activities of the company are going to be
- Complete the forms
- If a bank account is required we will need to know:
- which of our five partner banks you wish to open the account with
- the account’s currency and the type of account you require and
- who the signatories will be and what combination of signatures (if any) are required
- Directors and shareholders must provide a copy of the ID page from their passports
- Proof of residence must be provided in the form of a utility bill or bank statement
- Each beneficial owner/ director/shareholder will be required to submit a reference letter (please ask for a template)
- We will then apply to the Registrar of Companies to approve your company name: a process can take between 2 to 3 working days.
- Once the name has been approved, the company formation documents will be submitted and your company will be up and running in as little as 6 – 7 days.
- Alternatively and if you need to start business now , just choose one of our available shelf companies and you will be doing business today.