1. Confirm the structure
Define shareholders, directors, activities, revenue flows and where management decisions will actually be made. Cross-border tax, CFC and exit-tax questions should be reviewed before incorporation.
2. Incorporate the company
Reserve a name, prepare the memorandum and articles, complete beneficial-owner and KYC checks, and file the incorporation documents through the Cyprus process.
3. Complete the registrations
After incorporation, arrange the tax identification number, VAT registration where the rules require it, social insurance or employer registration where relevant, and the registered office.
4. Prepare banking and operations
Banks and payment institutions assess each application independently. A clear business model, contracts, source-of-funds evidence and credible local substance improve the quality of the application.
5. Maintain the company
Accounting records, annual returns, financial statements, tax filings and management evidence are ongoing obligations. A Cyprus company should remain aligned with the real way the business operates.