Cyprus represents an attractive business location, due to the fact that the local economy developed at a fast pace. In this sense, investors must know that
Cyprus became a member of the Eurozone soon after the country was accepted as a member of the European Union (EU). Businessmen interested in
company formation in Cyprus can register many types of
business forms here, and one of the ways refers to the
special purpose vehicle (SPV) company, which is set up to perform
securitization transactions and other similar operations.
Our specialists in company formation in Cyprus can offer assistance for the registration of this
special entity, as the procedure varies from the one available for
commercial companies.
Incorporate a SPV company in Cyprus - a procedure explained by our Cypriot company formation agents
In order to
register a SPV company in Cyprus, investors have to follow first the
registration requirements available for
commercial companies. In this sense, they must choose a
trading name for the company, as well as a
legal entity.
There is no specific
legal entity which is recommended in this case, but most of the investors usually choose the
limited liability company, which is the
most common incorporation form throughout
Cyprus, as well as the EU.
Non-regulated investment vehicles in Cyprus
A
SPV company in Cyprus falls under the regulations of
non-regulated investment vehicles (CIV). A
CIV in Cyprus falls under the same legal requirements applicable to a
limited liability company. Thus, the
company will represent a distinctive legal person than the investors and it should function as a regular
company, with a board of directors and bookkeeping accounts, following the applicable legislation.