apollo

Cyprus FAQ

Is it necessary to come to Cyprus in order to register an Cyprus company and/or open a bank account?

It is not necessary for you to come to Cyprus for the establishment of your company in the case where nominees are provided and they may sign all the applications and company Memorandums.  In the case you do not wish to have nominees, then, usually (but not always), it is necessary for you to come to Cyprus because you will have to sign all the company Memorandums and all the documents and this is one additional reason why nominees are advantageous.
Also, by having nominees and local directors/secretary, you do not have to come to Cyprus in order to open bank accounts as nominees may do this for you.