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McMillan Cyprus > Our Services > Company Formation

Company Formation

McMillan Woods Cyprus, with the assistance of its associates, can help clients set up businesses and Cyprus International Business Companies in Cyprus.

McMillan Woods Cyprus, with the assistance of its associates, can help clients set up businesses and Cyprus International Business Companies in Cyprus.

There are a number of reasons why so many private individuals and businesses decide to incorporate a Cyprus company.

Some of the major advantages are:

  • Tax saving
  • Simpler business administration
  • Asset protection
  • Privacy and anonymity
  • Global investment

At McMillan Woods Cyprus, our professional services are designed and tailored for entrepreneurs to operate their business and/or personal financial matters in complete confidentiality and privacy. Through our associates, we can arrange for all the necessary administrative services, banking etc., all within the confinement of the law. As a result of our understanding of a client’s goals and requirements, we will make the necessary recommendations.

 Our services include the following:

  • Company formation
  • Registered office and registered agent services (where appropriate)
  • Full nominee services (Directors / Secretary / Shareholders) to ensure total anonymity
  • Opening of bank accounts
  • Legalisation /Apostille of company documents and
  • Formation of international trusts

We are happy to discuss each, and every individual client’s requirements and we are equally happy to tailor our services to suit different clients with different requirements.

Company registration Cyprus FAQs

Is it mandatory for the beneficial owner to visit Cyprus to register a Cypriot company?

It's not mandatory for the beneficial owner to be in Cyprus during any stage of the Company incorporation unless they willingly want to.

What about bank account opening for a local bank?

Again it’s not mandatory but a skype call before opening the bank account will take place.

What documents are needed for opening a bank account?

From all beneficial owners: Passport apostille or notarized by any EU embassy, Utility bill dated within 3 months, Curriculum Vitae and Bank Reference Letter

What do I need to consider after the company incorporation?

Get a Tax Number from the Cyprus Tax Authorities within 60 days to avoid any penalties, Confirm if there is a need to register for a V.A.T. number and Inquire if it's necessary to register with the Social Insurance authorities in Cyprus

Is it mandatory to have an actual office in Cyprus?

According to the Cyprus law, it’s compulsory to have a local registered office in Cyprus. The incorporation documents must be kept at this address. At McMillan Woods, we offer special virtual office packages which include a local address to organizations that cannot open a physical office in Cyprus.

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