Establishing a presence in Cyprus can be effected through a subsidiary or a branch of an overseas company. Both procedures are cost and time-effective.
The differences between a branch and a subsidiary are that a branch office must have the same name as that of its parent company, and acts as an extension to the head office. A branch does not acquire a separate legal personality and therefore the liability for all activities undertaken fall on the parent company.
In general, a company wishing to establish a branch in Cyprus must submit to the Registrar of Companies, within one month of establishing a presence in Cyprus, its certificate of incorporation, memorandum and articles of association, particulars of directors and secretary, and the name and address of at least one person resident in Cyprus that is authorised to accept any notices that may be served on the company.
Joint ventures – partnerships or private limited liability companies – and franchises are also used by foreign entities.
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.
