In this article we examine what you need to know and think when applying for a name for your Cyprus Company Incorporation.
Choosing a name is the first step in the Cyprus Company Incorporation process. Without an approved name by the Cyprus Registrar of Companies (‘Registrar’) the Company incorporation cannot proceed.
The process is that a name application needs to be submitted to the Registrar, and they usually take 1-3 days to examine provided that the fee for expedition (€20) is paid.
What the registrar examines during the application process, is whether the applied name is the same or similar to one of their existing approved ones, similar or same to an international brand or whether it is a frequently used word.
In that respect in order for the name to be approved there are certain factors that need to be considered, such as the availability of names, whether general words are used, creativity and use of initials. For example the Registrar encourages the use of initials, therefore if initials are added in front (or at the end) of the name, then it stands higher changes to be approved.
In terms of names you can be as creative as you like, but usually generic names are multiuse and highly versatile, and stand more chances to be approved by the Registrar. On their own, generic business names may not signify much, but a suitable slogan, additional keyword, or a fitting logo can turn your generic business name into something meaningful.
Moreover, if the Cyprus Company will be part of an international group, then we will draft for you a letter which needs to be printed on the Groups Letterhead and which letter will explain to the registrar that that Company will be part of the international group of Companies, therefore the approval of the name is vital to the operations of the Group.
We can make the above process easy for you, by providing you with a free Company name consultation, by which we will discuss with you in regards to the name of the Cyprus Company and perform a preliminary check whether there is a possibility for such a name to pe approved.