In Cyprus, the procedure for registering a foreign company is, in accordance with the Cyprus Company Act, done through submitting the foreign company's articles of association to the Registrar of Companies or to the One-Stop Shop.
Many of the requirements and procedures for opening a secondary establishment are the same as for starting up a business.
Branch offices / foreign companies
Businesses registered overseas can establish a workplace in Cyprus by submitting the relevant documents to the Department of the Registrar of Companies and Official Receiver or to the One-Stop Shop of the Ministry of Commerce, Industry and Tourism or electronically. The branch must trade under the same name as the foreign business.
Once a foreign company is registered, its audited financial statements must be submitted to the Registrar of Companies on an annual basis.
The companies section of the Department of the Registrar of Companies and Official Receiver oversees the registration of foreign companies, financial reports and closure of the workplace.