Large business setup in Cyprus
Starting a large company requires thorough preparation and effort, and there are specific challenges and considerations to keep in mind when establishing a corporation. Let’s explore the benefits of launching a large company in Cyprus and how our specialized solutions can help you achieve success.
The process of setting up a large business
Setting up a large enterprise in Cyprus mirrors the process of launching a small or medium-sized business. Nevertheless, because of its size and intricacy, establishing a large business usually demands more time and resources. The procedure is outlined as follows:
Choose a business name
The name of the business must be original and cannot already be in use. To verify if a name is available, you can visit the website of the Cyprus Trade Registry.
Select legal entity type
Choosing the right legal structure is crucial for the success of your large business. To assist you in making an informed decision that fits your specific needs and future goals, our experts offer guidance on various options including Public Limited Liability Company (PLC), Private Limited Liability Company (Ltd), Limited liability company by guarantee without share capital (Ltd), Limited Liability Company by guarantee with share capital (Ltd), Branch Office, Holding Company.
Set up legal address
It is imperative to have a valid address when launching a business, as it acts as the primary point of contact for government agencies, legal authorities, and crucial business communication. Selecting a legal address that complies with local regulations and aligns with your business needs is crucial.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed documentation tailored to your company’s structure and objectives. We ensure compliance with all legal requirements and will handle the filing process on your behalf.
Open a bank account
We will support you during the process of opening a bank account, making sure that the company follows the regulations and selecting a trustworthy financial institution for your account in Cyprus.
Company registration
We take care of registering your business with official entities such as the Trade and Companies Register and tax authorities, removing the administrative responsibilities from you. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big business, it is crucial to keep precise financial accounts. Our group of professional accountants can assist in setting up efficient accounting and bookkeeping procedures that adhere to the regulations in Cyprus.
Large business examples
Here are a few examples of large-sized businesses that operate in various industries and sectors, each with their own particular requirements.
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Cyprus
Cyprus is an attractive location for setting up large businesses, providing numerous benefits.
Strategic location
Cyprus offers a welcoming business environment for industries such as finance, shipping, and real estate. Its advantageous position at the intersection of Europe, Asia, and Africa, along with its attractive tax system and proficient labor force, make Cyprus a perfect choice for businesses seeking to grow globally.
Favorable tax regime
Cyprus offers a low corporate income tax rate of 12.5% and is recognized for its advantageous tax system. Various exemptions and deductions are accessible in Cyprus, making it a sought-after location for international business operations and holding companies.
Banking
Cyprus has a convenient position for global business and a tightly controlled banking sector, drawing in investors interested in offshore banking, investing, and financial services in a safe and favorable setting.
Our Large business setup solutions
We acknowledge the significance of your time and resources. For this reason, we offer two convenient choices to streamline the company formation process.
Business formation online
With the online platform offered by Cyprus, individuals can start and finish the process of setting up a business from any location globally. The option to track progress, upload necessary paperwork, and access our services via secure digital channels guarantees a seamless and convenient process.
Business formation remotely
If you would rather not be involved in the paperwork, we are able to take care of everything for you. Our experienced team will handle all the necessary procedures, fulfill the required documentation, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Contact us now to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.