First of all, you need to choose a company name as well as have your submission firm confirmed by the Business Registrar - the national company that registers and monitors firms.
In Cyprus, 2 business may not have the very same name. A particular post, a business kind indication (Pte Ltd, Limited, and so on) or a common word such as "corporation" will not identify your business name from the existing one if the main nouns match. Search for a unique word or mix of words.
The lawful name of your firm may be different from its trade name. Simply make certain that the trade name you choose does not have any copyright or trademark problems - a quick Google search should suffice.
Suggestion: If you intend to get a name swiftly, do not utilize words like "finance", "bank", "college", "media" or "education and learning". They describe the kinds of services that are regulated by authorities besides the Registrar of Companies, so your application will certainly be sent there for evaluation. The firm name can still be authorized - yet it will take a few weeks longer.
If you wish to start a business, you may already understand what you'll be doing. The Firm Registrar would like to know, as well, so it'll ask you to select and submit a Memorandum of Organization. It indicates what your business does as well as in what area.
Idea: Unless your business will remain in a regulated field, you can likewise submit a common Memorandum of Association.
Investors. Both individuals and firms can come to be investors. Foreign residents and also business can additionally hold shares.
Several supervisors might be assigned, however only ones who can be legitimately employed in Cyprus. It is a typical technique in Cyprus to utilize the services of the nominee Secretary. Every company is needed to have this placement - he or she will certainly keep an eye on changes in your company, compile records and also reports to the Government.
Every Cypriot business has to have a business address. It must have an actual workplace mailbox which you inspect regularly.
In Cyprus, 2 companies might not have the same name. A detailed post, an organization kind indication (Pte Ltd, Limited, and so on) or a generic word such as "firm" will certainly not distinguish your business name from the existing one if the major nouns match. They refer to the kinds of companies that are controlled by authorities other than the Registrar of Business, so your application will be submitted there for evaluation. The company name can still be authorized - however, it will take a couple of weeks longer.
Every company is called for to have this position - he or she will certainly keep an eye on modifications in your company, put together documents as well as reports to the Government.