Reserving a Company Name in CyprusA presentation brought to youby Lawyers-Cyprus.com

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Company Incorporation in Cyprus

• There are three main steps to be completed when registering a company in Cyprus:

selecting a company name and submitting it for approval;

selecting the main business objective of the company;

submitting the application for registration.

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Company Names in Cyprus >>

• Cypriot companies are required to have a business or trading name before starting their commercial activities.

• Business names in Cyprus are registered according to the Partnerships and Business Names Laws.

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>> Company Names in Cyprus

• Both companies and individuals are allowed to register trade names in Cyprus.

• When applying for a business name, the investor will need to fill in an application form at the Registrar Companies’ Office.

• The business name reservation in Cyprus has a six-month validity period.

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Cypriot Trading Names

• After the investor applied for a trading name, he or she will have a six month period to submit other required documents.

• The business name will be kept in the Trade Register’s archives for the entire period in which the company is active.

• The business name will be removed from the archives only when and if the company will be dissolved.

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Characteristics of Cypriot Trading Names >>

• The company’s name registration can be a simple procedure in the situation in which the investor followed all the required steps and if the company name respects all the legal requirements.

• Our team of attorneys in Cyprus can assist on the legal aspects related to this matter.

• The businessman can propose three trading names for the company.

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>> Characteristics of Cypriot Trading Names

• An appropriate company name in Cyprus must be unique otherwise the Trade Register will not consider the application.

• The Companies Registrar can approve names containing the words “national” or “international”.

• The business name reservation can be registered with the Companies Registrar in Cyprus in 10 days.

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• Company names in Cyprus must also not be offensive or deceptive, as prescribed by the Commercial Law.

• The applicant must file the trade name registration form EE1 in person or via e-mail.

• The procedure implies the payment of a registration fee.

• As a general rule, the approval on the name can be provided within one month.

Other aspects Related to Trading Names

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Register for Taxation Purposes in Cyprus

• Later on, the businessman will have to deal with other matters related to the registration of a company.

• He or she will have to register for taxation purposes, as well as for Value Added Tax (VAT).

• If the company will hire employees, the investor will need to register for social security, as prescribed by the employment legislation available in Cyprus.

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Consultancy Services in Cyprus

• Investors can benefit from numerous legal services related to the incorporation of a business.

• Please contact our law firm in Cyprus for any question concerning this topic.

• Our attorneys can assist with legal advice for different areas of the commercial law, as well as for other matters, such as purchasing a property in Cyprus .

Thank you for your attention!

• For more information please contact us at:

(+44)203-287 0408 (for international clients)

office@lawyers-cyprus.com

www.lawyers-cyprus.com 11