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REQUIREMENTS FOR ESTABLISHING A COMPANY

Starting from 1st October 2004, the Council of Ministers has approved the complete freedom of the policy governing direct investments from non-residents in Cyprus.

As a consequence the approval from Central Bank of Cyprus is no longer required for non-residents who wish to establish a Company in Cyprus, or acquire shares in existing Cyprus companies, or otherwise to invest in or from Cyprus. Thus, the applications should now be addressed directly to the Department of Registrar of Companies and Official Receiver.

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