Mediation and Arbitration clauses in Agreements
Mediation and Arbitration clauses in Agreements Demetris Ch. Demetriades LLC has adopted since July 2020…
Cyprus is a favoured jurisdiction for many international companies and wealthy individuals who are looking to optimise their corporate structure in a tax efficient way while conducting international business.
4. A Cyprus company does not require a resident shareholder as a result a 100% foreign ownership is allowed, with no visit requirements. However, there are situations where local ownership is required such as for registration of a vessel under the Cyprus flag or aircraft (subject to exemptions).
5. The legal system in Cyprus is a common law system which is ideal for international business.
For an in depth read in companies law please follow the link to CAP 113
The company must have a minimum of one director which can also be a legal entity. Although there are no requirements that the directors are local, we strongly advise that for various reasons.
The company must have at least one shareholder the records of which will be held in the Registrar of Companies as public records. In the event that a shareholder does not wish to be shown in the register of members, nominee shareholders may be appointed that will act as trustees on behalf of the ultimate beneficial own.
We will require the intended activities of the company to make confirm the legality of the said activities within the requested jurisdiction as well as due diligence purposes.
The Secretary is an appointed officer of the company which can take the form of a legal entity. The Secretary is responsible to maintain the minutes of the company and keep updated the company’s registry in the Registrar of Companies.
Our companies are usually incorporated with a standard authorized and issued share capital of €1.200 of 1.200 shares of €1,00 each and is considered as fully paid up. It the event that the company will have multiple shareholders and a higher level of safeguarding is needed we offer classification of shares according to your needs.
Once the name has been approved and the relevant incorporation documents have been submitted to the Registrar of Companies, the company under the fast track method will typically be incorporated within 5-7 working days.
Local and independent auditors need to be appointed that shall prepare the company’s books and prepare audited accounts.
The company certificates are issued one day after the incorporation date by the Registrar of Companies.
Upon completion, you will receive the following set:
Upon request, we shall provide the following:
Mediation and Arbitration clauses in Agreements Demetris Ch. Demetriades LLC has adopted since July 2020…
Beneficial Ownership Report As of the 1st of August 2022 it is possible to file…
CYPRUS STUDENT VISA Non-EU Students looking to travel and study in Cyprus need to apply…
Corporate & Commercial We handle all types of commercial transactions from company acquisitions, creation and
Fiduciary Services Our Administration department provides services such as reviewing & execution of documents, alterations
Offshore Company Registration An offshore company is a company which is formed, registered, established or