Can I register a Cyprus company while living abroad, and what documents need apostille?
Lawyer Answers
Georgios Diogenous & Associates LLC
Pericleous Michail LLC
A. KOULOUNDI & CO. LLC
Thank you for your message. You can incorporate a private company in Cyprus without traveling. The engaged law firm/service provider undertakes the process on your behalf. Documents signed overseas do not authomatically require an apostille; this is necessary if requested for example by an official authority or if they will be used in the UK. There are two main routes for company incorporation: accelerated and standard. Timeframes and costs vary depending on the route chosen and the specific services required. The process begins with the name approval application, followed by the submission of all required incorporation documents to the Cyprus Registrar of Companies by the engaged professional. Using the accelerated route, name approval response is typical given within one week, and the company can be incorporated within 1-2 weeks from the time of submission of all necessary documents. Without acceleration, name approval response usually takes 3 weeks, and incorporation is completed within 3-4 weeks. We will be more than happy to assist you in this matter further. If you so wish, please contact us directly. Thank you.
Antis Triantafyllides & Sons LLC
In brief, in order to establish a Cyprus company (the "Company"), the following information is required:
- Approval by the Registrar of Companies of the proposed name of the Company;
- Brief description of the main objects of the Company;
- Amount of the nominal capital of the Company, how it is going to be divided and in what currency;
- Personal details of the proposed registered shareholders and the proportion in which they will hold the shares of the Company;
- Personal details of the beneficial owners of the Company and the nature and proportion of their beneficial interest;
- Personal details of the proposed directors and secretary of the Company; and
- Proposed address of the registered office of the Company.
Once all the above information is received, the registration of the Company takes approximately 1 week from the date of submission of all the required filings to the Registrar of Companies, provided that the name of the Company has already been approved by the Cyprus Registrar of Companies.
The procedure for the incorporation of the Company can definitely take place without the need to travel to Cyprus, though certain documents shall need to be provided in wet-ink originals. Notarisation/apostille is not required for the actual incorporation of the Company, but it may be the case that the certain documents - which we may request for our KYC ('know your client') exercise - shall need to be apostilled.
Subject to our clients onboarding checks, we would be glad to assist you with this matter. In this respect, please feel free to contact us directly for more information and our relevant fees.
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