Requirements for Incorporation

For the incorporation of an IBC, our organization has to follow a DDP in compliance with the International Money Laundry Regulations.

To this effect we require the following:

• We need to know if the client wishes to have nominee services that we offer such as nominee shareholders and or nominee director. Registered office and secretary is always provided by us

• Copy of the passport of the owner of the company and /or the director if not nomineeWe advise clients who wish their company to be tax resident of Cyprus to have in their board of directors at least 50% local directors in order to be able to defend that management and control is in Cyprus, if the need arises in the future. We try to provide substance to the companies that we manage by offering nominee directors and shareholders, address, telephone and fax, bank accounts, preparation of invoices, contracts and minutes, bookkeeping and audit all in Cyprus.

• Bank reference for the beneficial owner and director (if not nominee) and for the signatory at the bank in case it is different from the previous two. Also we need to know who will be the signatory and user of the internet bank codes

• Proof of address of above such as copy of a utility bill

• Information about the line of business of the company and expected turnover and the countries with which it will have commercial relations