Since 1st October 2004, administrative procedures have been simplified; hence, foreign investors address directly to the Registrar of Companies for establishing a company, without prior approval by the Central Bank of Cyprus.
The simplified administrative procedures for the registration of a legal entity enable the start of business activity forthwith. Incorporation costs are very competitive when compared with those of other jurisdictions whilst all other administrative and official fees and levies are low.
For further information please visit the Cyprus Investment Promotion Agency CIPA