Setting up a Cyprus Limited: process, costs and pitfalls

The process in brief

After consultation and choosing the structure come name reservation, drafting the founding documents, appointing director, secretary and registered office, and the registration in the commercial register. Building substance runs in parallel.

The most common pitfalls

First: lack of substance. A mere address is not enough – the company must actually be run from Cyprus. Second: underestimated ongoing obligations such as bookkeeping and an audited annual statement. Third: overly optimistic timelines – registrations and substance need lead time.

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