Buy a Shelf Company in Cyprus

If you would like to buy a shelf company in Cyprus, this article might help you understand the conditions. We have gathered essential information for individuals looking for alternatives in the business field. On the other hand, our agents in Cyprus can assist throughout the formalities of the process.

How is a shelf company known in Cyprus?

• Ready-made company,
• Vintage company,
• Dormant/inactive company.

What is the key purpose of a shelf company in Cyprus?

To start a business without passing through the incorporation stages of a company in Cyprus.

Who can purchase vintage companies in Cyprus?

EU and non-EU/EEA businessmen.

What is the optimal business structure for a shelf company in Cyprus?

The limited liability company.

What are the key characteristics of a ready-made company in Cyprus?

• it is already incorporated,
• it has no legal hidden obligations,
• it has no activities,
• it is kept on a shelf for at least 6 months,
• it has a tax ID.

NOTE: In Cyprus, incorporated companies/entities must also be registered with the local tax office/tax department. Buying a shelf company in Cyprus with a tax ID is quite beneficial. However, company owners will have to apply for a VAT ID.

Does a shelf company in Cyprus come with a bank account?

No. Banks in Cyprus do not provide active bank accounts for dormant companies. However, once purchased, a bank account can be easily established.

Is it safe to buy a ready-made company in Cyprus? Does it have debts?

A shelf company does not have debts. Therefore, such a purchase is safe.

Who is involved in the purchase of a vintage company in Cyprus?

• the buyer (our customer),
• the shelf company provider in Cyprus.

NOTE: We can offer a list of shelf companies available in Cyprus.

What documents are needed when buying a ready-made company in Cyprus?

We will solicit a copy of your ID or passport and provide you with some forms to complete and sign.

What is the cost of a ready-made company in Cyprus?

Access our free case evaluation page and get your questions answered.

Can I change the company name and/or appoint new directors?

Yes, in both cases.

Do I need a “no commercial activities” certificate when buying a shelf company in Cyprus?

No.

Do I need to travel to Cyprus to buy a shelf company?

Not required. All the requirements can be done remotely.

What is the time frame to buy a vintage company in Cyprus?

Around 24-48 hours.

How fast can I start my business?

As soon as the shelf company purchase in Cyprus is concluded.

Ready to explore shelf company options in Cyprus? Would you like to find out more about this type of structure? Please contact our local team and get your personalized offers today.