We have launched Cyprus Company Essentials, a new series of short, 60-second educational videos explaining how Cyprus companies actually work — one topic at a time. Episode 1, Overview, is live now, with further interesting episodes to follow.
Why Cyprus, in 60 seconds
Episode 1 opens with the case for Cyprus as a holding company jurisdiction: an EU member state with an English common law system, a 15% corporate tax rate, a double tax treaty network of more than 65 countries, and incorporation in as little as 7–10 working days.
Five steps, start to finish
The episode then walks through exactly what happens between choosing Cyprus and holding a certificate of incorporation:
- Due diligence — shareholders and beneficial owners are verified before anything is filed.
- Name approval — the Registrar of Companies confirms the proposed company name.
- Sign & file — the Memorandum and Articles of Association are signed, naming the proposed director, secretary, and registered office.
- Certificate — incorporation completes with the Registrar within 7–10 working days.
- Appointments confirmed — once incorporated, the company formally appoints its director, secretary, and registered office.
Clients who would rather not appoint their own director, secretary, or registered office can have Asterisk provide all three as part of the formation service.
Compliance from day one
A certificate of incorporation is the start, not the finish line. Episode 1 closes with the short list of registrations that keep a new company in good standing:
- Tax registration — registering with the Tax Department for a Tax Identification Code.
- VAT, if required — VAT registration once turnover crosses the applicable threshold.
- UBO register — filing beneficial owners with the Registrar within 90 days.
- Bank account — opening a corporate account so the company can begin operating.
Asterisk also provides accounting, tax, VAT, and audit services under one roof, so the same team that forms the company is the one that keeps it compliant afterward.
More episodes coming
Cyprus Company Essentials will continue with further 60-second episodes on the topics that matter most to founders and investors looking at Cyprus. Subscribe to our channel to catch the next one.
Considering a Cyprus company and want to talk specifics? Get in touch at contact@asterisk.cy — we’re happy to help.
