Our Cyprus onshore incorporation information pack

1. Cyprus Incorporations
A robust financial environment, with strong World Class products and services and a
courteous and professional workforce, Cyprus is a jurisdiction with which we have strong ties
and an excellent professional relationship with many within the financial and banking
sectors, which enables us to be able to offer Guaranteed Bank Accounts, without references
or credit checks.
Today Cyprus is one of Europe’s fastest growing countries, having transformed itself into
one the Mediterranean’s most dynamic business and financial centres. Cyprus can now be
considered part of a new world order, straddling the gateway of Asia, Africa and Europe.
With strong ties to the Middle East, the Balkans and Eastern Europe as well as the EU,
Cyprus is realising its potential as a ‘business bridge’ between these vastly different
continents.
Benefits of our Cyprus package
• Nominee Director
• Nominee Shareholder
• Guaranteed Corporate Bank account with Bank of Cyprus
• No Credit score required
• No bank reference required
• Three currency account with GBP, EURO and USD account numbers
• Internet Banking
• Telephone Banking
• Total Confidentiality
• VISA Debit Cards available (subject to a $5000 holding deposit)
• Minimum opening balance £200.00 GBP or currency equivalent
• Company formed to client’s choice of name
• Virtual Office Facility Available with telephone and postal service (contact us for more
information)
• Company residency status
• Fee inclusive of all the above services £2750.00 GBP
All first year fees are inclusive. Yearly fees from year two onwards £1500.00 inclusive of
nominee director fee, company fees and certificate of good standing.
Uniqueness of Cyprus
• Lowest Tax rate in Europe at 10%
• VAT 15%
• Cyprus became a full member of the EU on 1st May 2004
• Extensive network of double taxation treaties covering over 40 countries worldwide

2. Double Taxations Avoidance Agreements
Cyprus holds double taxation avoidance agreements with Armenia*, Austria, Belgium, Bulgaria,
Canada, China, CIS (ex-USSR), Czech Republic, Denmark, Egypt, Federal Rep. of Germany,
Finland*, France, Greece, Hungary, India, Ireland, Italy, Japan*, Kuwait, Mauritius, Norway,
Poland, Romania, Russia, Singapore*, Slovakia, South Africa, Sweden, Syria, Thailand, Ukraine*,
United Kingdom, United States, Yugoslavia (Serbia and Montenegro)
*These are awaiting completion.
Features of Cyprus
Location Europe Mediterranean
Time Zone GMT+2 Cyprus is 2 hours ahead
of UK
International Business Yes
Companies (IBCs)
Trusts Yes Please apply for further
information
Banking Yes Authorised to open bank
accounts
Statutory description of Private Limited Resident Company
Company
Governing Corporate Legislation Cyprus Companies Law, based on the
English 1948 Companies Act. Single
member companies introduced by the
Companies (Amendment) Act 2000.
Other amending legislation passed in
2000 and 2001
Time-scale for incorporation 2-4 working days
Availability of ready-made companies Yes
Regulations governing names of IBCs Limited or Ltd
Minimum & Maximum numbers of Minimum of one shareholder to
shareholders incorporate, there is no maximum
number of shareholders
Statutory minimum paid-up capital Minimum share capital is 1000 EUR
requirements
Classes of shares Registered shares of par value,
preference shares, redeemable
preference shares and shares with no
voting rights.
Annual Renewal costs £1500.00 GB
Residency requirement of shareholders There is no requirement for the
or shareholders meetings shareholder to be a Cypriot citizen.
Minimum and maximum number of Minimum of one Director to incorporate.
Directors
Nationality and residency requirements The Director does not need to be a
of directors Cyprus citizen, although this is

3. recommended for purpose of tax
residency.
Requirement to file accounts Yes
Requirement to keep a registered office The company must keep a registered
in Belize office in Cyprus
How do I apply?
In order to proceed we will need the following things from you:
1. Your choice of company name (your own choice of company name will be put to the
relevant registry – alternatively you may request an up to date list of pre-approved names or
view these on our website on the relevant product page).
2. Confirmation of the business activities of the proposed Company.
3. Your fee payment.
Fees can be paid by credit card, Western Union Transfer or Bank Transfer (payment details
below)
Payment Options:
Credit/Debit Card: by email to sales@molybank.com or telephone us on +44 (0) 1305 853310 or you
may order via our secure on-line facility at www.molybank.com
Cash or Bank Transfer to our account at:
Our Bank Account details are available on request.
We also accept payment by Western Union (call us for details)
Once your application has been accepted we will pass your file to our administration team, where
we will send you a short application for and will require two forms of identification for each person
signing on the Company Bank account:
1. Passport photocopy
2. A home utility bill (council tax, electric, water or gas) showing your residential address, dated
within the last 3 months and in English or officially translated into English (other forms of I.D.
can be accepted if you are unable to provide a home utility bill. Kindly consult us).
We hope that you have found this information of help.
If you have any questions please do not hesitate to contact us.
We look forward to being of assistance.

4. Amanda J Molyneux & Company Limited
Bolan House, Chalky Road, Broadmayne, Dorset DT2 8PJ
+44 (0) 1305 853310 / +44 (0) 7719 755664
sales@molybank.com
www.molybank.com