How to register a company in Northern Cyprus

North Cyprus is an attractive destination for international investors due to low taxes. To benefit from these opportunities, you must carefully follow the laws related to company registration in this country. If you are considering establishing a company in North Cyprus, the information provided by Zahouriyan Investment Company in the following article can be very useful for you!

Despite its small size, Northern Cyprus offers a wide range of job opportunities for foreign investors and its citizens. This article examines the conditions and steps of company registration in North Cyprus. Among the vital things to establish a company, knowledge of initial capital and side costs is required!

We will introduce you to the company registration methods in North Cyprus so that you can start your business with full preparation. Next, we should mention that one of our services in North Cyprus is the company registration service in North Cyprus! You can get more information by visiting our Northern Cyprus company registration services page!

How to register a company in Northern Cyprus

Types of companies in North Cyprus

In Northern Cyprus, two main categories of companies are considered for registration: private limited liability companies and public limited liability companies. These two corporate forms are the main options for domestic and international investors who intend to start their economic activity in Cyprus. In addition to these two, other legal forms of companies are also available in North Cyprus, which we will discuss in detail below.

To establish any of these companies, a certain initial investment is required, and you should also consider the costs associated with company registration. In the following, by examining the types of companies that can be registered in North Cyprus, we will deal with the conditions, steps, costs and positive and negative points related to company registration.

Also, another service of Zahouriyan Investment Company is to provide property purchase services in North Cyprus. These services are performed by our skilled experts and you can get free property purchase advice by visiting our North Cyprus property purchase service page.

Limited liability company:

This type of company is very popular among foreign investors due to its flexible financial and legal structure. Limited liability companies in North Cyprus are established with a capital consisting of shares, and the financial liability of the members is limited to the amount of paid shares. This feature makes them an ideal option for starting and expanding businesses.

In Northern Cyprus, joint stock companies are divided into two key categories: private limited liability companies and public limited liability companies, which are very common for both foreign and domestic investors. There are no special restrictions for foreign nationals to establish a company in Cyprus, but according to local laws, only authorized Cypriot lawyers or authorized service providers can apply for company registration.

Branch office:

International companies can operate in Cyprus as a branch office without the need for separate membership. These branches are often established by foreign companies to reach new markets and have the right to legally operate in Cyprus.

Representation:

A representative office is the easiest and most economical form of foreign investment through which to set up a business in Cyprus. This type of office does not require registered initial capital and all its activities are carried out under the supervision of the parent company, however, the representative in Cyprus is responsible for marketing and sales.

Types of companies in North Cyprus

What things are required to register a company in North Cyprus?

Having one of the lowest tax rates in the European Union (about 12.5%), Cyprus has provided suitable conditions for company registration in this country. Thanks to favorable tax policies, Cyprus is known as a gateway to the European market. According to the company registration rules in Northern Cyprus, one of the most important things to consider is the initial capital. Any foreigner can apply to establish a company in Cyprus.

What are the procedures and rules for company registration in North Cyprus?

The procedures and rules for company registration in North Cyprus are as follows:

1. Choosing a company name: Choose a suitable name based on the rules and regulations of company registration. You can check the suggested names online.

2. Preparation of articles of association and legal documents: Specify the company members, shares and the amount of responsibility of each person.

3. Completing the company registration application form: With the help of an immigration lawyer, complete the company registration application form so that it contains correct and legal information.

4. Company registration at the registry office: register the company and pay the company registration fee in Cyprus.

5. Specifying the exact address of the company for registration: Specify the exact address of the company.

6. Opening a bank account and transferring company capital: Open a bank account and transfer company capital to it.

7. Get the tax code from the tax office: Get the tax code from the tax office.

8. Get the insurance code from the insurance office: Get the insurance code from the insurance office.

9. Hiring a secretary and accountant: Hire a secretary to do administrative work and an accountant to do financial work.

What are the procedures and rules for company registration in North Cyprus?

In order to establish a company in North Cyprus, there is a set of necessary documents that must be provided in a complete and accurate manner. These documents include the following:

• Valid passport and other identification documents
• Updated passport photo
• Clearances
• A certificate of financial ability that confirms the necessary initial capital
• Documents related to work records
• Documents related to academic records
• Company registration forms that must be filled out completely
• business plan or written business plan

These documents must be provided completely and carefully so that the company registration process can be done smoothly and without problems. Also, it is important that all these documents are legally valid and up-to-date so that you do not face any problems in the next steps. Finally, another one of the services of Zahourian Investment Company is investment services in North Cyprus, and if you are looking for investment in North Cyprus, the investment company will undoubtedly be an attractive choice for you! You can get more information about these services by visiting our investment services page!