Related Watched Procedure with investors

In order to set up a company in north Cyprus the following documents must be submitted to the Official Receiver and Registrar :

  • Company Registration Without Foreign Capital
  • Company Name; the Registrar will accept any name which is not identical to one already on the register.
  • Company’s statutes and Article of Association
  • M.Ş 1,2,3 Forms
  • Photocopy of identity card
  • Company Registration With Foreign Capital

In addition to those documents stated above the followings must also be submitted by the foreign investors:

  • Character Certificate for directors and shareholders
  • Certificate of Tax payment guarantee for directors obtained from the local Revenue and Tax Office.
  • Original passport or approved photocopy of passport or identity card.
  • Certificate of the deposit of the shareholders’ capital share at a local bank. The minimum capital requirement for establishing a company with foreign participation is US$ 30,000.

Source: Official Receiver and Registrar Office