Cyprus Company Formation for Clients Worldwide, Fast and Easy

Aug. 24, 2009 - PRLog -- The process of setting up a business in another country can really put you off due to the tough conditions set in place but not in Cyprus. In Cyprus, you will be equipped with professional advice in the fields of law, accounts, banking, merchandize and insurance. Hence you will not be a lost sheep looking for direction as all the services you require will be at your doorstep.

The first thing you need during your Cyprus Company Formation process is to register your company. Though it is a simple process that takes 7-10 days, a lot of factors need to be thought of wisely. The minimum amount of capital required in setting up a Cyprus Company is CYP 1000, without which it becomes impossible to register the company. Another important aspect in the registration process is a company secretary. A director is another important person who needs to have been identified if you are to register your Cyprus Company. It is not a necessity that these people be citizens of Cyprus but should be related to the company or the owner in a certain way. Stakeholders are another important feature to be put into consideration. The minimum number of required stakeholders is one but there is no limiting number set as the maximum. The shareholders do not have to be citizens of Cyprus as well as don’t have to be related to the company or the owner.

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Also, while registering your Cyprus Company during the Cyprus Company Formation process, it’s a requirement that you have three alternative names. The names are handed in to the registrar of Companies for approval or otherwise. In case any of the names that you submit is used by another company, a letter of consent should be obtained from that company. For you to have the Memorandum and Articles of Association drawn up during the registration process, outline the objectives of your Cyprus Company.

Having a Cyprus company means benefit for you as you will make a lot of sales with reduced prices due to the fact that TAX is 0% for international companies. Thus even if you sold your items at a lower price, you wouldn’t make a loss because the reduction in price is equivalent to the TAX that would have been paid.

During Cyprus Company Formation process, the Cyprus bank account has advanced internet banking, otherwise known as e-banking and being a multi currency account, can be registered as an anonymous company. This is possible through the use of incorporation services where you incorporate your Cyprus company so that it be registered as an International Business Company and will pay 0% TAX.

Another great thing with Cyprus Company Formation process is that there is more privacy since there’s no need of publishing financial statements. Hence you can have your business operations running on as usual and no one needs to know how much profit you make.

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CCLogic.com is operating as a consultancy firm in the fields of Cyprus Company Formation and Registering Offshore Companies, open offshore bank accounts.