SPECIFICS OF COMPANY REGISTRATION IN CYPRUS
Same business registration rules apply to Cypriots, EU residents, and foreign investors. To register a company, it will be necessary to: approve the proposed company name in the Registrar of Companies, then draw up the memorandum of association and articles of association of the company and certify them with a notary, and then transfer the finalized documents to the Registrar of Companies. In most cases, the process of registering a legal entity in Cyprus does not take more than 7 working days.
Opening an account in one of the local banks is obligatory for those who want to start a company. In some cases, founders may be required to be present at the bank in person, as Cyprus, as well as many other European countries, has recently tightened the requirements for opening new accounts.
With the help of COREDO managers, company registration in Cyprus will definitely pass without unnecessary difficulties. We also provide comprehensive business assistance and consulting on various legal issues.