Set up a limited company: step by step
How to set up a limited company, appoint directors, secretary and shareholders, and register for tax.
Name your company
A business name is the name under which your company operates. The company name must not be identical to any other.
Appoint directors and a company secretary
You must appoint at least one Director and a company Secretary. The Director(s) are legally responsible for the management of the company.
Decide who the shareholders are
The Shareholders are the owners of the company. You need at least one shareholder who is also called a member and can be a physical person or a legal entity.
Prepare documents agreeing how to run your company
The objects of the business the Company will carry out, along with the regulations on how it will be managed, must be clearly defined in a document called the Memorandum and Articles of Association. This document must be prepared by a Cypriot Lawyer.
Register your company
You'll need to register an official address for your company.
You'll also need to register with the Tax Authorities immediately after the registration of the Cyprus Company.
Registration with the Tax authorities and Social Insurance Services