Frequently Asked Questions What are the benefits of incorporating a Cyprus company? Incorporation of a company – summary of procedures Opening of corporate and personal bank account with CY Banks KYC procedures and requirements PEPs, what is a PEP, enhanced KYC procedures Management and control Duties and liabilities of directors under Cyprus Law Financing your company through increase of its capital Increase and allotment of capital What are the statutory obligations a Cyprus company must comply with? When is a Cyprus company liable to be registered with the VAT Authority? What is a double tax treaty and how it affects a company? Basic information over Funds What is an investment fund? What is UCITS fund? What is AIF? Is confidentiality of the client’s ensured? What are the requirements for the share capital? To whom share capital should be paid? Basic information over Trusts What is a Trust? Does the trust property belong to the trustee? How trusts in Cyprus are regulated? What are the criteria concerning location for Cyprus Internation Trust? What are the formal requirements to create a Cyprus International Trust? What are Legal benefits of creating a Cyprus International Trust? What are the taxation rules of a Cyprus International Trust? What is the Trust Registries and is confidentiality assured? What information must be provided to the Trust Registry? How long will the information be kept on the Trust Register after the termination of a Cyprus International Trust? Certification and legalization of documents Certification of a document Apostille Authentication What documents can be apostilled in Cyprus? How long does it take to certify documents with apostille? Can a document in a foreign language be certified in Cyprus? Other News Cyprus Incentive Program Extension to the deadline for the payment of 2021 annual levy UBO Register of Trusts and of similar legal arrangements Membership Cyprus- Key developments in the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188(I)2007 UBO Register of Companies and other legal entities Annual Return Update Annual Returns (HE 32) New Position – Head of Larnaca Accounting My Cyprus Tax Calendar Highlights Press Releases CPM in Cyprus South Africa Business Forum goldnews.com.cy - 20 years of success inbusiness.com - 20th anniversary stockwatch.com.cy - 20th anniversary goldnews.com.cy - 20th anniversary sigmalive.com - 20th anniversary Inbusiness.com Goldnews.com VK Cyprus Contact us NICOSIA 5 Esperidon Street, 4th Floor, CY-2001 Strovolos, Nicosia, P.O. Box 22096, CY-1517 Nicosia, Cyprus +357 22 474000 +357 22 474808 info@cpm.com.cy LARNACA 4 Makariou & Kalogreon Corner, Nicolaides Sea View City 9th Floor, Offices 903-904, Block A-B, CY-6016 Larnaca, P.O.Box 40569, CY-3601 Larnaca, Cyprus +357 24 823420 +357 24 823421 info@cpm.com.cy LIMASSOL 134 Makariou III Avenue, CY-3021 Limassol, P.O.Box 53615, CY-3022 Limassol, Cyprus +357 25 763367 +357 25 356551 info@cpm.com.cy Copyright © 2015 Cyproman Services Ltd Developed by SimplyWeb-IT