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Company Formation in Larnaca

Updated on Tuesday 21st June 2016

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Company-Formation-in-Larnaca.jpgForeign investors who are interested in opening a company in Larnaca, Cyprus, should get familiar with the process of registration applicable here. It is advisable to open a company in this city, as the country provides a very stable financial market. Cyprus has recently become a member state of the European Union and it had already incorporated into its local economy the single European currency, which is a solid sign of the fact that the local environment is very competitive. 
 
Foreign businessmen who want to establish a business presence on the local market can receive assistance from our team of Cypriot company incorporation representatives for matters such as the drafting of the statutory documents of the company or choosing a legal entity suitable for the business plans of the entrepreneur.
 

Choose a legal entity in Larnaca, Cyprus 

 
Those who want to open a company in Larnaca can choose from several legal entities prescribed by the local legislation. All companies operating in Cyprus are regulated by the rules of the Companies Act. Article 29 of the Companies Act stipulates that the main difference between the companies set up here refers to their destination: public or private companies. 
 
The main characteristics of the private companies refer to the following: 
 
the right to transfer shares is prohibited;
the number members who own shares in that particular company is limited to a maximum of 50;
the public is not allowed to own or purchase company’s shares.
 
Our team of Cypriot company formation agents can provide assistance on the main legal entities available in Cyprus

 

Company incorporation in Cyprus – key aspects   

 
When opening a business in Cyprus, foreign businessmen should know that the taxation system is very attractive. The corporate tax rate is established at 12,5%, being one of the lowest in the European Union. 
 
At the same time, it is important to know that the Cypriot legislation prescribes that the companies established here can have 100% foreign ownership. Our specialists can provide assistance for the registration with the local authorities for tax purposes or social security. 
 
Businessmen who are interested in receiving more details on the company formation services available in Larnaca, Cyprus, can address to our team of Cypriot company formation consultants, who can offer assistance necessary for each individual case. 
 

Comments

  • Victor 2016-06-21

    hello. I'd like to establish a company in Cyprus, but I am not sure which city I should choose.

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