 |
FORMATION PROCEDURE
According to Cyprus Law an application for
the formation and registration of a company must be carried out through a Cyprus law
office.
The formation procedure of a company is, in
general lines, as follows:
approval of the name of the company
application to the Central Bank for
Exchange Control approval
preparation and printing of the
Memorandum and Articles of Association of the company in Greek and English languages
filing with the registrar of companies
the Memorandum and Articles of Association of the company in Greek language together with
the forms HE 1, HE 2, HE 3, copy of the approval of the Central Bank and the receipt for
the payment of the registration duty.
As soon as registration of the company is
effected the registrar of companies furnishes the secretary with the Certificate of
Registration in Greek and copy in English, together with certified copies of the list of
directors and secretary, shareholders, registered address, Memorandum and Articles of
Association, and a Certificate of Good Standing of the company. As soon as the Certificate
of the Registration of the company is issued the company can arrange for the first meeting
of the directors for statutory matters such as appointment of auditors, appointment of
legal adviser, opening Bank accounts, approval of the seal of the company and of the
Memorandum and Articles of Association, appointment of the secretary etc.
The whole application, formation and
registration procedure can be completed within seven to ten days
There are certain registration fees which
must be paid upon the application for the registration of any company.
The Central Bank of Cyprus need Bank
references for the proposed beneficial shareholders of the company. The reference would
come from a Bank in the proposed shareholder’s country of residence.
The names, addresses, occupations and
nationality of the proposed beneficial shareholders as well as the proportion in which
they will hold the shares of the company are required.
The names, addresses, occupations and
nationality of the proposed directors and secretary of the company are required.
The proposed address of the registered
office of the company.
Our firm can provide the nominee
shareholders, directors, secretary and registered office, if so requested.
|
.
