Tips & Notes
Main criteria of review for the application of the establishment of an overseas company
The main criteria of review of the form are:
- signature by authorised person;
- completed name of the company and the country of incorporation;
- attached stamps (€86 ) with AE1 form;
- the accompanying documents have been attached on AE1 form;
- the details of officers must be indicated on AE2 form;
- the details for the appointment of authorised person(s) be indicated on AE3 form;
The main criteria of review of the written report are:
- company name;
- its legal form;
- country of incorporation;
- place of business in the Republic of Cyprus and the address abroad;
- nominal and issued share capital;
- Nature of operations;
- signature by an authorised representative.
The main criteria of review of the constitutional documents are:
- to be authentic true copies from the country of incorporation and must certified by an apostille;
- certified translation in the greek language by appropriate authority in Cyprus (by an affidavit in court or by a register sworn translator in the Republic of Cyprus ).
Most common reasons for rejection of forms (AE1. AE2, AE3) by the examiner:
- the forms submitted form are not the statutory form. The statutory forms are available on the webpage and at the offices of the Department;
- failure complete/submit the above details;
- failure to sign the forms by the authorised person;
- failure to pay the stamp fees;
- failure to attach the relevant documents in form AE1;
- failure to indicate the details of the officers appointed in the branch of the overseas company in form AE2;
- failure to indicate the details of authorised person(s) appointment in form AE3.
Most common reasons for rejection of the written report by the examiner:
- failure to complete/submit the above details;
- the written report is not signed by the authorized person.
Most common reasons for rejecting constitutional documents by the examiner are:
- not authentic true copies by the country of incorporation and apostilled;
- not been translated into greek language by a competent authority in the Republic of Cyprus either by an affidavit in court or by a register sworn translator in the Republic of Cyprus.
For further information regarding the relevant procedure, you may refer to the page Establishing overseas company place of business.