No. The registration of a Cyprus company itself is a fairly standardized process. On the contrary, opening of a bank account, even for the same newly registered company, is not automatic. The success of the bank account opening does not depend on us. It primarily depends on the owner of the company. The corporate status and structure of the company bears a secondary importance when opening the bank account. The personal and business background of the beneficial owner are most important variables. The main pre-requisite for a successful corporate bank account opening is to provide a clear and logical information to the bank as regards the intended business of the company and the personal background of the beneficial owners of the company, including the legitimate source of his funds. This is something that we can not prepare for the client, only the client himself can come up with this information.
- What information do you require to register my Cyprus company?
- How much do you need to know about my intended business?
- Are there any types of business that are not acceptable?
- Can I buy the Cyprus company anonymously, without telling my name?
- Is it a requirement for a Cyprus company to set up a fully operational office in Cyprus?
- Why are certain words not permitted in the name of a Cyprus company?
- Does the Cyprus company need to have an initial paid-up capital?
- Do I have to visit Cyprus to register the company?
- Why do you require a copy of my passport and other documents?
- What is a proof of address?
- What is a bank reference?
- What is a professional reference?
- May I be the only shareholder of my Cyprus company?
- May I have another company holding shares in my Cyprus company?
- Can I have bearer-shares?
- What are “ready-made” companies?
- Can I buy a shelf company and change its name?
- What is the beneficial owner?
- What is a nominee shareholder?
- What is the difference between a shareholder and the beneficial owner?
- Do the owners of the Cyprus company have to sign the incorporation documents?
- What documents will I get to ensure my full control over the company and to enable me to remove any officers or functionaries, if I want to?
- How can I prove my ownership of the company?
- What is a declaration of trust?
- How can I be certain that you are not going to steal my money and blackmail me?
- I am not resident in Cyprus - may I be the only director of my Cyprus company?
- What is a directorship service?
- Do the beneficial owners of the Cyprus company have signatory rights?
- Can I change the directors of my Cyprus company?
- Can I bring over my Cyprus company to You from another agent?
- Can I change my Cyprus company from You to another agent?
- I have a company registered in another country – can I transfer it to Cyprus?
- If somebody investigates my Cyprus company, what data will be revealed?
- Does a Cyprus company come with its bank account?
- Can You guarantee that the bank account will be opened for my new company?
- Why do you charge a fee for the assistance with the account opening?
- Do I get a refund if I paid for the bank introduction, but the bank turned me down?
- Do I have to visit the bank for opening the bank account for my new offshore company?
- What is the timeframe for the company bank account opening in Cyprus?
- What is an “account signatory”?
- Will the director act as bank signatory?
- Can I open an account for my Cyprus company without Your help?
- Can I open a personal bank account in Cyprus?
- Does Cyprus share the bank account information with my tax authority?