How to Open a Bar in Cyprus

Cyprus is well known for its developed tourism.  A business which can benefit from the direct effects of this field is the catering industry. One way to enter into this field is by opening a bar in Cyprus, a type of business which can offer many economic perspectives, but which also requires to obtain a set of documents in order to function properly. Businessmen who are interested to open a company in Cyprus in this sector will need to obtain special permits and licenses, which are issued in this case for the right to sell alcoholic beverages, to hire a band or to organise special events. Our team experts in company formation in Cyprus can offer more details on this matter. 

Register a bar in Cyprus

In order to start the procedure of company formation in Cyprus, the investors should first decide on the legal entity under which they will carry their operations. Most of the businessmen in Cyprus register their companies as limited liability companies, but we mention that Cyprus provides several options in this sense and investors should choose in accordance with their investment plans and budgets. 

All companies in Cyprus are required to register with the Registrar of Companies, which will issue the approval on the company's trading name. 

With the assistance of a specialist, the investors should then draw the company's statutory documents. Later on, the company's documents mut be registered with the Companies Section of the Department of Registrar of Companies and Official Receiver. The institution will issue the Certificate of Incorporation, thus allowing the company to register with other relevant local authorities for taxation purposes. 

Who can receive a license in Cyprus?