Procedure of company registration
The process involved in establishing a company is simple and inexpensive. This is summarized as below:
- Reservation of the company name – once the name is reserved the incorporation process must be completed within 20 days otherwise the reservation will lapse.
- Information to be provided to the Registrar of Companies including the names and addresses of directors and shareholders, the registered office address and the place of business.
- A company can be incorporated within 24 hours.
Have High Recent GDP Rates Lulled Cyprus Into a False Sense of Security?
The Cyprus government, for the last few years have been harping tales of steady growth and booming tourism levels; referring to the relatively high rate of growth of real GDP can be attributed to a number of factors: Declining official unemployment rates; excesses in the government accounts and the raising of large fund backing in international financial markets.