The registration procedure of an offshore company is fast and we will deliver to your door all necessary documents. Once the Certificate of Incorporation is issued then the company can start trading. We can be responsible for the provision of banking facilities (to open the local disbursement current account of the offshore and the local account of the employees).Additionally with appropriate documentation we can assist in the provision of very advantageous banking facilities of which we are happy to provide further details. We are well aware of the banking system here in Cyprus and we will assist you to open all necessary banking accounts of your company.

The name of the company should not be similar or identical to any other name already registered and sensitive words such as royal, prerogative, council should be avoided. For the client’s convenience, we have already chosen some pre-approved names and this may facilitate the registration of the company. The names are:

• Authentic Gym Ltd.
• Perfecto Tours Ltd.

We can also keep a number of shelf companies. All of them are general trading, import-export companies. It can also be a doorman company and the arrangement for the sale of these shares to you can be made as quickly as possible, such as Oxter Trading Ltd.

The issued and paid up capital should be at least CYP£1000. A minimum of CYP£10.000 is required where the company will have an office in Cyprus (fully fledged office).

Each company must have at least one Director and one Secretary.

The shareholders of an offshore company are the legal owners of the company and may be either individuals or trustees. A company can be formed by only one person. Anonymity can be achieved by using nominee shareholders or trustee companies. Applications will no longer be examined by Central Bank of Cyprus and it is not a requirement that the beneficial owners of the shares in an offshore entity be disclosed to them. This information was treated with the utmost secrecy by the Central Bank, which was bound by statute not to disclose it to outsiders.

Offshore Banks may render services to other offshore companies whereas offshore companies are not allowed to offer services to other offshore companies in Cyprus.

Examples of offshore companies and financial institutions that establishes presences in Cyprus: