CORPORATE SERVICES

Company Formation & Administration

Over the past years, Cyprus has developed into one of the most favourable destinations for international business, turning into a sophisticated low tax jurisdiction that rapidly became the jurisdiction of choice for international investors and the premier financial centre for the set-up and operation of Cyprus companies.

Why Cyprus?

Among the benefits which accrue in using Cyprus as a corporate vehicle are:

  • EU member state
  • Low corporate taxation of 12.5% on net profits
  • Income from the sale of securities (shares, bonds, etc.) is tax free 
  • Extensive Double Tax Treaty network both with capital exporting countries and emerging markets
  • Favourable tax provisions which render Cyprus a premier holding company jurisdiction
  • Furthermore, 100% foreign participation is permitted, and nominee services are provided

Administrative & Secretarial Services

Our Corporate Department personnel is here for our clients to support them at the post-registration stage and provide with a number of on-demand services, including but not limited to:

  • Corporate management & administration

  • Appointment of Nominee Directors, Trustee Shareholders & Secretaries

  • Virtual Offices & Business Address services

  • Maintenance of statutory books and records

  • Organization of Annual General Meetings and Extraordinary General Meetings

  • Preparation of Minutes for Board of Directors and Shareholders meetings

  • Drafting of Resolutions

  • Translation, notarization and apostilling of documents

  • Issuing of all types of corporate certificates (such as Certificates of Incumbency, Corporate Certificates, Certificates of Good Standing etc.)

  • Other secretarial services 

Cyprus Limited Liability Company

When opting for the formation of a limited liability company in Cyprus, our clients will be provided with the complete turn-key package inclusive of: 

  • Name approval and registration
  • Preparation and submission of the company registration pack to the Registrar of Companies

  • Registration with Cyprus Tax Department/obtaining a TIC number 
  • Memorandum and Articles of Association in Greek and English

  • Certificate of Incorporation

  • Certificate of Director(s) and Secretary

  • Certificate of Shareholder(s)

  • Certificate of Registered Address

  • Appointment of First Directors

  • Share Certificate(s) 
  • Corporate Seal 

Cyprus Shelf Companies

As an alternative, you may wish to consider purchasing a readily available (shelf) company, saving yourself the time otherwise needed for name approval, incorporation, and preparation of documents. Cyprus Shelf Companies, especially if they are two or three or even more years old, can give your business more value and more credibility in eyes of bankers, business associates, clients, lawyers etc., as the more years a company appears to be on the market the more credibility it bears.

Why a Shelf Company? 
Ready-made or ‘shelf’ (or ‘off-the shelf’) companies are companies which have already been registered by us. The lists of these companies which are available upon request, as well as the available jurisdictions for incorporation, may change on a daily basis as new companies are constantly registered and existing companies sold. Most of these companies have never undertaken any transactions or trading, and all of them have no outstanding obligations or liabilities. All incorporation documents of these companies have been kept "on shelf" under our custody, since their day of incorporation. The company names reflect all types of business such as Holding, Trading, Consulting etc. 

Other Jurisdictions

While primarily focused on Cyprus and provision of Cyprus-based services, our specialists can also assist the clients with the company formation in other jurisdictions, including the UAE.

Setting up a non-resident company can provide major opportunities for added protection to various assets and investments of a company, and our client may benefit from expert advice on taxation laws and regulations for each jurisdiction thanks to our partner network.

AML and Compliance

The implementation of the latest AML Directive as well as the FATF recommendations have essentially increased the KYC and Due Diligence requirements for all financial and administrative service providers in Cyprus, having made it a necessity to continuously adjust and enhance their internal procedures to keep up with regulatory changes.

We, at Simonus Consulting Ltd, are in position to offer our clients Compliance and Anti-Money Laundering consultancy services and comprehensive support 



Nominee Services

As part of the legal requirements for registering a company in Cyprus, each company must have at a minimum one Director, one Secretary, one Shareholder and a Registered Address in Cyprus. All company’s officers, including Directors, Secretary and Shareholders may be represented either by legal entities or individuals.