Set up a limited company: step by step

How to set up a limited company, appoint directors, secretary and shareholders, and register for tax.

What other options do you have

The incorporation and structure of your investment defines the early stages of your business endeavor and impacts your future success.

How you set up your business depends on what sort of work you do. It can also affect the way you pay tax and subsequently the profitability of your business.

Consider if one of the following options is more suitable to you instead:

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.

The memorandum and articles of association

Check what records you'll need to keep

Check the company and accounting records you must keep

Register your company

You'll need to register an official address for your company.

Specify the registered address of 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