Company Maintenance

Cyprus tax residency of your company

Under Cyprus and international tax rules, a company is tax-resident where it is managed and controlled. A Cyprus-resident director holding board meetings in Cyprus establishes that the company's central management and control is in Cyprus — securing Cyprus tax residency and access to the 15% CIT rate, Cyprus tax treaties, and the IP Box.

Substance for banking and counterparties

Banks, institutional counterparties, and tax authorities increasingly require evidence of genuine local management. A Cyprus-based professional director provides the substance needed to open and maintain bank accounts and satisfy due diligence requests.

Statutory requirement

Every Cyprus company must have at least one director. Where the beneficial owner is based abroad, a professional nominee director satisfies this requirement while keeping the beneficial owner's details private (a declaration of trust is provided).

Required by Cyprus Companies Law

Cyprus Companies Law Cap. 113 requires every Cyprus company to have a qualified company secretary. The secretary is the officer responsible for maintaining statutory books, registers, and ensuring timely compliance with all Registrar of Companies obligations.

Compliance and statutory filings

The company secretary is responsible for filing the annual return (HE32), maintaining the register of directors, shareholders, and charges, and ensuring the company keeps proper minute books. Failure to maintain these can result in penalties and director liability.

Required for all Cyprus companies

Every Cyprus company must have a registered office address in Cyprus at all times. This is the official address on the Registrar of Companies records — where all formal government correspondence, legal notices, and official documents are delivered.

Official correspondence management

Government correspondence (tax notices, regulatory letters, court documents) is addressed to the registered office. Our team scans and forwards all incoming official mail promptly, ensuring nothing is missed and deadlines are not overlooked.