• INTRODUCTION
• DEFINIION
• ADVANTAGES OF OFFSHORE COMPANIES
• PRE-INCORPORATION ENQUIRIES
• SPECIMEN OF BANK REFERENCE
• INFORMATION NEEDED FOR REGISTRATION
• FORMATION PROCEDURE
• EXCHANGE CONTROL
• PARTNERSHIP AND BUSINESS NAMES
• SPECIFIC TYPES OF COMPANIES
  CAPTIVE INSURANCE COMPANIES
  OFFSHORE BANKING UNITS (OBUS)

PRE-INCORPORATION ENQUIRIES

1. Are ready-made companies available?
   YES

2. Time required to obtain name approval from government from custom-made company?
   YES

3. Time required to incorporate custom-made company after receipt of name approval?
   2-3 WORKING DAYS

4. Time required to receive documentation after incorporation by the government?
   IMMEDIATELY UPON INCORPORATION

5. Are consents required prior to incorporation?
   NO

6. Are licenses required?
   CENTRAL BANK OF CYPRUS LICENCE FOR NON-RECIDENTS TO BE THE ULTIMATE BENEFICIAL OWNERS OF CYPRUS OFFSHORE COMPANIES

7. Is there disclosure of beneficiary owner to the regulatory authorities?
   ONLY THE CENTRAL BANK OF CYPRUS

8. Confidentiality:

   1. What is the juridiction's reputation?
      EXCELLENT REPUTATION

   2. Is it provided by law?
      BY LAW THE CENTRAL BANK IS NOT PERMITTED TO GIVE INFORMATION ABOUT THE IDENTITY OF THE BENEFICIARIES OF CYPRUS OFFSHORE COMPANIES

9. Central Bank requirements
   BANK REFERENCE, NAME AND ADDRESS OF THE ULTIMATE BENEFICIAL OWNER