ontents | Quality
services to register your own international business company
Registration Procedure
1. Incorporation decisions and Memorandum and Articles of
Association.
The following decisions have to be taken:
1.1. Value of share capital
There is no minimum share capital requirement. However, a suggested
minimum is CYP 1000. If the company will operate fully fledged offices
there are special regulations only for nonEU citizens.
1.2. Shareholders
A minimum of one up to fifty shareholders can
hold the share
capital.
1.3. Directors
A minimum of one director is required.
1.4. Secretary
A secretary of the company must also be appointed.
1.5. Registered office
A registered office address must be decided, where all legal documents
can be served.
After the above (1.1. - 1.5.) the Memorandum and Articles
of Association
must be drafted and printed.
2. Application to the Registrar for company
name.
The Registrar is unlikely to accept a name if:
It is too similar to that of an
existing
company.
It is considered misleading, too
general,
or pompous.
It suggests a royal, national or
international
connection.
It includes certain words such as
"co-operative",
"insurance", "bank", "financial services", unless this
is justified by the company
objects.
It is advisable to submit to the Registrar 2 or 3
different names,
to provide more flexibility.
3. Registration of the company at the Registrar of Companies.
The Memorandum and Articles of Association must be signed by a lawyer
and deposited to the Registrar together with the first directors and registered offiece address declarations.
The Registrar then issues all incorporation documents, in Greek or
English.
