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Cyprus

Branches

Updated 11/2012

Legal requirements

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.

Administrative procedures

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.

Help & advice

Help & advice

The PSC Cyprus internet portal assists businesses and entrepreneurs, whether based in Cyprus or other EU Member States, who are interested in implementing their business plans in the service sector in Cyprus either by setting up a business or through cross-border service provision. The portal provides comprehensive information about the procedures and formalities necessary to access and exercise service provision activities in the Republic of Cyprus, and it allows online submission of application forms, monitoring of the progress of applications which have been submitted, and receipt of decisions.

The Authority for the Supervision and Development of Cooperative Societies of the Ministry of Commerce, Industry and Tourism is responsible for the operation and development of cooperative societies and their services. It also dispenses advice to all interested parties.

SOLVIT helps businesses deal with problems that arise when national authorities wrongly apply EU market rules.

If you wish to establish a business or perform temporary cross-border services in the EU/EEA area (the 27 EU member states, plus Iceland, Liechtenstein and Norway), turn to the ‘Points of Single Contact (PSC)’ - Members of the EUGO network - that will help you to complete all necessary administrative procedures on-line! Get the information you need and submit your applications to the responsible authorities online. You no longer have to worry about contacting several different authorities one by one - the PSC will do it for you!

E-mail a business organisation near you

The EU runs a network (Enterprise Europe Network) of local business organisations in most European countries that may be able to help you.

Choose your country and town and enter your enquiry below.

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