Unlocking the Cyprus Citizenship Through the Incorporation of Cyprus International Business Company (IBC)
Cyprus now offers a pathway to residency and citizenship through strategic corporate structuring. The Cyprus International Business Company (IBC) serves as a gateway for entrepreneurs and investors to access immigration benefits, including residency permits and citizenship.
In the course of our preparations, we have considered various factors, including the ideal pathway to the Cyprus Citizenship and therefore we wanted to share some important information with you.
A Cyprus IBC is designed to accommodate a wide range of international business activities, and it is particularly beneficial when employing non-EU nationals. This structure allows for greater flexibility in terms of hiring employees from non-EU countries, making it a suitable choice to meet your staffing needs if they extend beyond EU nationals.
We have provided below, a comprehensive report for the IBC type of company structure.
Should you choose a Cyprus International Business Company
- Personal information:
Full name, date of birth, nationality and residential address of all shareholders and directors involved in the company.
Passport/ID copies of each shareholder and director.
Further we will also need the Utility Bill and CV from each shareholder.
- Company details
Proposed company name (please provide alternative names in case the first option is not available).
Description of the business activities in which your company will be engaged.
Amount of share capital and distribution of shares among shareholders (*minimum requirement of Share Capital).
The position of each shareholder in the company (director, secretary, etc.)
- Address of Registered Office:
You must provide a registered office address in Cyprus where official documents can be sent. We can assist and guide you, in choosing the best option of lease by providing a list of available options which meets the needs and support through the registration of the tenancy contract.
- 4. Deposit of €200,000 as Share Capital:
As of October 15th 2021, the Cyprus Council of Ministers has approved a strategy that has actively worked to simplify regulations, reduce bureaucracy, and encourage foreign citizens and foreign businesses to relocate to Cyprus. A Deposit of minimum €200,000 must be done by the ultimate beneficial owner/s (UBO) in an account held by the company in a credit institution licensed by the Central Bank, incorporating a Cyprus International Business Company can take between an estimated 7 to 10 business days.
To establish your company in Cyprus and considering that the primary shareholder will be a Holding company, we require the following documents from the Holding Company:
- Certificate of incorporation
- Certificate of incumbency or equivalent
- Memorandum of association
- Board resolution
Our goal is to provide you with the best guidance and solutions to ensure the success and legality of your business venture in Cyprus. Please feel free to reach out to us with any questions or concerns you may have.
Thank you for entrusting us with your company incorporation. We look forward to continuing our collaboration and supporting your business objectives.