The procedure for the Cyprus company registration or the incorporation of a Cyprus Legal Entity takes just two weeks enabling the legal entity to start business right away. First of all, the name must be legally approved by the registrar of companies. However, the Cyprus companies name may be rejected on the basis of being earlier registered, if considered misleading or puzzling, indicates links with loyalty or includes terms like Imperial, National, corporation, commonwealth and co-operative. To prevent denial that would result to wasting of time it is necessary to front two to three Cyprus Company names for approval. If the subsidiary company wants to adopt the name of the parent company the latter should furnish its written consent for the use of its name.

With the approval by the Central Bank the next thing is the registration of the Cyprus Company which requires a few documents to be filed with the registrar of companies. The first document in Cyprus company registration is the Memorandum and Articles of Association which indicates the name of the company ending with the word limited, location of the registered office or the incorporators, the targets of the company, statement of liability to the shareholders probably through shares or guarantee, amount of capitalization and shares authorized to be granted and the subscribers to the memorandum along with the shares they have subscribed.

The Cyprus companies must also provide the Articles of Association that is basically used to govern the company's internal methods and functions. It contains the principles governing the internal management and regulates the rights of its members. This could later be changed or amended via a special resolution by majority vote of over seventy five percent. The document usually dwells on general meetings, voting rights, share transfer, director appointment and powers, dividends, accounts and audit, and specimen of the Cyprus company memorandum and article of association as prepared by the lawyers along with other business experts.

The other provision necessary for the Cyprus company registration is the list of directors and the secretary's information. The list must include at least one director, although there is no requirement for listing a local director it is best to include one to cater for the provisions of double taxation. Also, for some other reasons it is recommended that the secretary is of Cyprus origin; directors can behave as secretaries except in sole directorship.

The declaration or affidavit confirming that all the requirements are fulfilled must also be presented after which the certificate of incorporation is issued and the Cyprus company registration is completed.

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