FAQ
Does a Cyprus company needs to prepare Audited Financial Statements?
Companies incorporated in Cyprus are required to keep proper books of account (accounting records). They also have the obligation to prepare and submit annually Audited Financial Statements to the Inland Revenue and to the Cyprus Registrar Office. Our team of experienced and qualified accountants can provide Accounting, Bookkeeping, Payroll, Tax and Audit services as required by the law.
Can we open a bank account in Cyprus or abroad?
A Cyprus company can open a bank account anywhere in the world. Our office is official introducer to a number of banking institutions, therefore we can open any type of account the customer wishes. We can arrange everything on behalf of the customer without the need to visit the bank in person. Our office can also assist you with the day to day operation and maintenance of your bank accounts.
Can ICC provide a Registered Office?
Yes, our office can provide you with a registered office address.
Can ICC provide a nominee company secretary?
The nominee company secretary service is ideal for companies that do not wish to be burdened with administrative responsibilities and can either be a corporate or a physical person. Our office can provide both corporate and physical company secretary.
What is the nominee Shareholder? Can ICC provide a nominee Shareholder?
A nominee Shareholder is a company or person who appears as the registered shareholder in a company but who holds the shares on behalf of another person, the beneficial owner. Our office provides both corporate and physical nominee shareholders that hold the shares under a Trust Deed on your behalf.
What is the nominee Director? Can ICC provide a nominee Director?
A nominee Director is a Director of a company which does not wish to disclose the identity of its actual Director and can either be a corporate or a physical person. Our office can provide both corporate and physical nominee director.
How do you ensure privacy and confidentiality?
This can be ensured through the use of nominee directors, shareholders and company secretary. Due to the fact that the company’s’ file at the Registrar Office should contain all information about the company i.e. directors, shareholders, company secretary and registered office, and this information is open for inspection to the public, we recommend the use of nominees if the customer whishes his/hers anonymity.
Is the transfer of domicile allowed?
Yes. Cyprus Companies law permits inbound and outbound re-domiciliation of companies.
Is the use of Bearer Shares allowed?
Bearer shares are not allowed.
Registered Office
All companies registered in Cyprus must have a registered office in Cyprus.
Are Corporate shareholders permitted?
Corporate shareholders are permitted.
Is a Corporate secretary permitted?
A Corporate secretary is permitted.
Are Corporate Directors permitted?
Corporate Directors are permitted.
Does a Cyprus company needs to have a company secretary?
All Cyprus companies are obliged to have a company secretary.
What is the maximum number of Shareholders?
The maximum number for private companies is fifty.
What is the minimum number of Shareholders?
The minimum number of Shareholders is one.
What is the maximum number of Directors?
There are no restrictions. The number of Directors is determined by the Articles of Association.
What is the minimum number of Directors?
The minimum number of Directors is one.
Are shelf companies available?
Shelf companies are already registered companies with no activity whatsoever. We always have available shelf companies and we may provide you a list upon request. The company may be renamed after application for name approval to the Company Registrar.
What is the permitted suffix for a Cyprus company?
What is the minimum number of Directors?
he minimum number of Directors is one.
Are shelf companies available?
Shelf companies are already registered companies with no activity whatsoever. We always have available shelf companies and we may provide you a list upon request. The company may be renamed after application for name approval to the Company Registrar.
What is the permitted suffix for a Cyprus company?
The permitted suffix is Limited or Ltd and is obligatory.
