Cyprus is slowly becoming one of the fastest-growing companies in the European Union. This is a remarkable fate for a country that suffered one of the worst financial crisis in modern times a few years ago. The country had to be bailed out by the European Union and the International Monetary Fund (IMF). There are many reasons why Cyprus has seen unprecedented growth. One reason is that the country has improved how it welcomes international companies. In this article, we will look at some tips of registering a company in Cyprus.
Buy a Shelf Company
The fastest method of registering a company in Cyprus is to buy a shelf company from companies like Pagecorp Group. A shelf company is an organization that has been registered but one that has not been in operation. As such, the company does not have any asset and liabilities. They are mostly registered for the sole purpose of being sold to people who want to register their company in Cyprus.
Get a Good Company Registration Proxy
It is possible to register a company in Cyprus yourself. It is much easier to do this if you are a Cyprus citizen. However, we advise that you use the services of a company that helps people register their companies. There are many companies that offer these services. Therefore, we recommend that you do your research to ensure that you are using a good quality company. You can do this research by looking at the online ratings and reviews. You can also search the company’s or person’s name in the media.
Have Your Documents Ready
As with all countries, there are several documents that are needed to register a company. Some of the documents that are required to register a company in Cyprus are the identification card of all directors, the right travel document, and a police report among others. It is important for you to ensure that you have these documents when you are registering a company in the country. Lacking a document can lead to delays.
One Stop Shop
As mentioned above, it is easier to use a company that helps people register their companies. Another thing that will make the process faster is when you use a company that provides a combination of products. Using one company will make it easier for you. These services are tax services, legal services, tax services, and serviced offices among others.
Legal Consultation
It is recommended that you take time to consult with a lawyer about the company you want to register. The lawyer will advise you on the type of company you want to register. For example, if you are registering a finance company, they will advise you on the latest laws. Some of the most serious laws in the European Union is the MIFID laws. A good attorney can help you understand these laws in advance.
Summary
Registering a company in Cyprus is something that is becoming very popular. International companies are taking advantage of the country’s tax leniency and the steps taken to improve the business environment. Following these tips will make it easier for you to have the business registered.
