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The procedure for the Cyprus company registration or the incorporation of a Cyprus Legal Entity will take only two weeks enabling the legal entity to start business immediately. Firstly, the name should be officially approved by the registrar of companies. But, the Cyprus companies name can be rejected on the basis of being earlier registered, if considered misleading or confusing, signifies links with loyalty or consists of terms such as Imperial, National, corporation, commonwealth and co-operative. To prevent rejection that would result to wasting of time you are required to front 2 to 3 Cyprus Company names for authorization. In case a subsidiary company wants to adopt the name of the parent company the other must furnish its written consent for the use of its name.

With the approval by the Central Bank the next step is the registration of the Cyprus Company that needs some documents to be filed with the registrar of companies. The 1st document in Cyprus company registration is the Memorandum and Articles of Association that indicates the name of the company ending with the word limited, location of the registered office or the incorporators, the objects of the company, declaration of liability to the stakeholders either through shares or guarantee, amount of capitalization and shares sanctioned to be issued and the subscribers to the memorandum along with the shares they have subscribed.

The Cyprus companies must also provide the Articles of Association which is generally used to control the company's internal procedures and functions. It includes the rules governing the internal management and regulates the rights of its members. This can later be modified or revised through a special resolution by majority vote of over seventy-five percent. The document generally 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 and other business professionals.

Another provision needed in the Cyprus company registration is the list of directors and the secretary's information. The list should contain at least one director, although there is no requirement for listing a local director it is advisable to include one to look after the provisions of double taxation. Furthermore, for other reasons it is suggested that the secretary is of Cyprus origin; directors may act as secretaries except in sole directorship.

The declaration or affidavit confirming that all the requirements have been satisfied should also be provided after which the certificate of incorporation is released and the Cyprus company registration is done.

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