Cyprus Company Incorporation, Maintenance & Liquidation

Eltoma Training Academy hosts regular free webinars on topics related to the maintenance of companies, incorporation, banking and tax systems in various jurisdictions.

Eltoma training webinars will be useful and of interest to:

• Managers, Economists, Lawyers & international tax advisors.
• Business owners that are interested in international business.
• Consulting, legal and auditing companies.
• Start-up project managers and entrepreneurs.

Agenda:

Legislation which regulates Cyprus company formation, maintenance and liquidation.

Cyprus Company Structure:

1. Memorandum of Association.
2. Articles of Association.
3. First Shareholders: their role & responsibilities.
4. First Directors: their role & responsibilities.
5. Secretary: role & responsibilities.
6. Registered address.
7. Share Capital: why is it significant?

Know Your Client (KYC) – what is it?

What is a nominee service and why people are using it?

Steps of a Cyprus company incorporation:

1. Signing Memorandum of Association and certification of signatures of first Directors at the Cyprus Court.
2. Filling in forms and filing them with the Registrar of Companies.
3. Name approval.
4. Receiving certificates of Cyprus companies from the Registrar of Companies.

What documents could be requested from the Cyprus Registrar of Companies?

Cyprus company legal documents legalisation.

Maintenance of Cyprus companies:

1. Bookkeeping.
2. Annual Return.
3. Annual audit.
4. Cyprus company levy.
5. Annual shareholder meeting.

How to make changes in a Cyprus company structure?

Penalties and fines for non-compliant Cyprus companies.

Liquidation of Cyprus companies:

1. Strike off procedure.
2. The full liquidation process.