DenAdvers

Company formation in Cyprus is a popular option for businesses due to its favorable tax regime, simple registration procedure and access to EU markets. The most common form of incorporation is the Private Limited Company (Ltd), which limits the liability of the owners and is suitable for international business. First, a unique company name is chosen and a request is submitted to the Registrar of Companies, after which the necessary documents are prepared, including the company's articles of association and details of the founders and directors, as well as a legal address in Cyprus. After that, the company is registered with state authorities, receives a tax number and, if necessary, is registered with the social security system if it is planned to hire employees. To conduct business, it is mandatory to open a corporate bank account in Cyprus, where the authorized capital is deposited.