Main Characteristics

Kind of companyPrivate joint-stock company
Legislation and authorityCyprian companies are regulated by the Cyprus Companies Law, cap 113, and the reference authority is the Cyprian Bar Association
Information about company directorsDirectors’ names must be indicated in the register of companies, but it’s also possible to make use of a nominee
PrivacyFully guaranteed
Accouting dutiesYes
TaxactionThe lowest European taxes (rate of 10%).
standard currencyUS $.
Time of constitutionEfficient registry office
StabilityStable and well-known jurisdiction
ComunicationsGood means of communication
Time zoneGMT+2.
Secretary obligationsYes
Legal system of referenceCommon Law.
Capital to payNo obligation of capital
Minimum number of Directors/shareholdersAt least 1 director/shareholder
Share to the bearerAllowed
Costs€3400,00 for company constitution – €1900,00/ per year for its maintenance