Foreign 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 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.
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.