In order to start an Offshore company in Cyprus,
one needs to obtain a permit from the Central Bank of Cyprus. This is generally speaking
quite straightforward and takes only a couple of days.
You will need a lawyer or accountant
to do the application and if you do not have a company secretary, to appoint one for you.
You need to choose an acceptable name. One that has not already been
taken and one which doesn't tread on anyone else's toes. If you are in a hurry and you
don't really mind what name the company operates under your lawyer or accountant can
choose one that is known to be readily available.
You will need to provide certain information
A short description of the activities of the company
The names of at least 2 shareholders in the company. (These can even be
nominees in the event that you wish to keep the real shareholders anonymous)
References for each of the shareholders from an established bank.
A director (or two, the same applies to directors as to shareholders,
they can also be nominees in order to keep the real directors identity hidden)
A company secretary.
One can normally be appointed by your lawyer or accountant for a small fee per annum
And a registered office. Again if you do not have premises of your own,
your lawyer or accountant will provide one for you. (Normally their own)
The share capital of the company should be a minimum of £1,000
If it is £10,000 you benefit from the duty free and vat allowances on
cars ,office equipment and domestic appliances. You can either import these
or purchase them here both duty and vat free.