We can assist in the creation of any company required by tax planning, irrespective of jurisdiction within just a few hours.  Such vehicles may include, apart from Cypriot companies, Belize, BVI, Keyman Island, Seychelles and many other jurisdictions. Following the creation of these companies, Tutis Advisory Services Ltd will be actively handling the administration and filing requirements of these vehicles / companies in order to ensure that filings and statutory requirements are being met on a timely manner.   This involves submission of reports, bank statements, financial statements and any other documentation required to the various authorities as well as communication with accountants, auditors and the UBO.

Registering a company in Cyprus?

We are the leaders in Company Formation and Administration

Company formation and administration

Limited Liability Company

In Cyprus the most popular vehicle for international tax planning is the Cyprus Limited Liability Company because of its many tax advantages and legal protection offered to the composition of the Company members.

Procedure for Incorporation

  1. Application form signed and scanned with information about a preferred name of the company and details of directors and shareholders. A shelf company can be provided by our company. 
  2. Beneficial owner declaration. A scanned copy of a passport for directors and shareholders.
  3. Proof of residence. Recent utility bill, bank statement or bank reference letter (not be older than 3 months). 
  4. Tutis Advisory Services Ltd will issue an invoice for a Cyprus Offshore Company Formation. 
  5. As soon as funds are received in our bank account, we will proceed with the submission of a preferred name for approval by the Cyprus Registrar of Companies. This takes up to 10 working days.
  6. Upon approval of the name of the company by the Registrar of Companies , a shareholder of a Cyprus Company signs the Memorandum and Articles of Association (M&AA) and sends the originals to Tutis Advisory Services Ltd. 
  7. Upon receipt of the signed M&AA, the process for the formation of the Cyprus Company begins and the time needed is around 22 working days .Incorporation documents must be signed and apostilled and delivered by courier within 5 working days.  
  8. A yearly fee of €400 will be charged in order to cover, renewal, registered office and company secretarial fees.

Composition of the Cyprus Limited Company

Share Capital

Authorized and Issued Share Capital: Minimum 1,000 shares of €1.00 each.
Shareholders: Minimum number of shareholders is 1 with no restrictions of corporate bodies or individuals.
Classes of shares: Registered shares, preference shares, redeemable preference shares and shares with no voting rights are permitted.


Cyprus Companies Law requires a minimum number of directors is one and names appear on the documents.  Anonymity of the shareholders is guaranteed by the use of nominees. Directors of a Cyprus Registered Company can be foreigners or locals. It is recommended though, the use of a local nominee directors for taxation reasons. It is obligatory that a general meeting of directors is held every 15 months.


It is obligatory by Cyprus Companies Law  for a Limited Liability Company to appoint a company secretary. It could be either an individual or a corporate vehicle. Tutis Advisory Services Ltd Corporate Services can provide company secretarial services for an annual fee. Please contact us for more information.

Registered Office

It is obligatory for a Cyprus Company to maintain a registered office in Cyprus.  Tutis Advisory Services Ltd can provide the use of an office address if required.

Company Administration

Tutis Advisory Services Ltd back office dedicated team will be assisting your needs on a daily basis ensuring that all filing and legal requirements are been met and communicated to your on a timely manner. 

Typically our back office team will be providing you with the below service:

  • Correspondence with bank
  • Communication with local authorities such as with the Income Tax Office and the Cyprus Registrar of Companies
  • Liaison with accountants, auditors, lawyers and other professionals
  •  Any other assistance that the client may need.
Tutis Advisory Services Ltd also assists international wealthy clients and /or organizations by providing tax structures which include international trusts which will serve the anonymity and confidentiality for as long as the client wishes.

Amongst other our firm offers discretionary trusts, fixed trusts & trading trusts.
Some of the benefits of using such trusts are the following;
  • Protection again high taxation
  • Confidentiality
  • Holding of property, company or group of companies
  • No reporting requirements
  • Inheritance purposes (precluded persons)
  • No exchange controls
  • Ability to change origin

Cyprus is increasingly becoming an investment company hub in the Mediterranean as various types of investment firms set up their premises locally and trade internationally taking advantage of the Cyprus low tax regime and low set up costs.

Tutis Advisory Services Ltd assists clients in setting up a Cyprus Investment Firm, (hereinafter referred to as “CIF”). The company can provide Financial services anywhere in the world including portfolio management and brokerage. 

The advantage is that any income that is generated by trading of securities is tax free. Taking into consideration the low corporate tax (12,5%) and the benefits and simplified procedures a CIF dealing on own account can easily set up accounts when  establishing counter-party relationships with global investment houses.

A "CIF" company can provide the following services

Investment services:

  1. Portfolio management
  2. Investment advice
  3. Reception and transmission of orders in relation to one or more financial instruments
  4. Execution of orders on behalf of clients
  5. Dealing on own account
  6. Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis

Auxiliary Services

  1. Safekeeping and administration of financial instruments, including custodianship and related services
  2. Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  3. Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings
  4. Foreign exchange services where these are connected to the provision of investment services
  5. Investment research and financial analysis or other forms
  6. Services related to underwriting

Registration time: Application process normally takes around 6 – 8 months.

Cyprus is considered to be one of the most attractive jurisdictions for Investment Companies for a number of reasons:
  • Tax Free dividends received and paid
  • Low set up costs with large choose of high quality personnel
  • Lowest tax rate in EU, 12,5% corporation tax
  • No withholding taxes

Other tax considerations:

  • Group loss relief (Cyprus companies only)
  • Full exemption from tax on disposal of subsidiary
  • No tax on disposal of shares or liquidation of Cyprus Holding company

These are achieved through: 
  • Cyprus’s extensive Double Tax Treaty network 
  • EU Parent Subsidiary Directive 
  • Part of EU and Euro zone - Cyprus features on the white list of the Organization for Economic Co-operation and Development (OECD)

Through our extensive network, Tutis Advisory Services Ltd offer various types of companies to meet your tax planning needs within hours. 

Such companies include amongst others Belize, BVI, Cayman Island, Seychelles and many more jurisdictions each with its own benefits and characteristics.

Watch is too easy to let me think of rolex replica such a noble word forever, in the hustle and bustle of the reality of the watch can let us feel the quiet and lasting time. Men are replica watches naturally interested in science, technology, machinery, precision instruments, such as women's natural preference for fashion and yearning. In many film and television works, we often see such a rolex replica watches scene: in Western dress and leather shoes hero opened the drawer, and to worry about choosing a suitable watch. Indeed, there are a lot of luxury watch brands, it is difficult to replica watches uk choose between the same delicate.