Cyprus is one of the most popular destination in Europe for registering companies. A combination of factors, such as the the straightforward corporate legislation, the favorable tax legislation, and the country’s stable tax policy has led Cyprus into becoming an attractive jurisdiction, in which thousands of new companies set up with the Registrar of Companies every year, making the country a significant international financial center.
The number of applications for the registration of new companies in Cyprus increased for the fourth consecutive year in 2017, according to the Department of the Registrar of Companies and Official Receiver.
Specifically, applications rose by 0.93% in 2017, reaching 13,743 compared to 13,616 in 2016. In 2015, the number of applications reached 11,306, in 2014 they were 11,253 and in 2013 they were 10,927.
Cyprus as a destination has lately been offering a one stop shop services for Forex Firms as well. The Cyprus Investment Firms Law 144 (I)/2007 provides the legal framework for the provision of investment services, registration, regulation of undertakings and supervision of Cyprus Investment Firms.
Our office provides high level legal services regarding the registration of companies and the registration of Cyprus Investment Firms (CIF)