Company Registration FAQ

Our Trusted Partners for Company Formation

We collaborate with a highly experienced corporate services providers specializing in company formation in Cyprus, UAE, Bulgaria and Montenegro. With a proven track record of assisting international clients, our partners offer comprehensive solutions, including company registration, legal and compliance support, and financial services. Their expertise ensures a seamless and efficient setup process, allowing businesses to establish a strong presence in one of the most business-friendly jurisdictions.

Through this partnership, we provide our clients with reliable, transparent, and tailored business solutions to meet their unique needs.

Frequently Asked Questions (FAQ) Cyprus

1. Main Advantages of Setting Up Company in Cyprus

Cyprus is a well-established jurisdiction for business, offering a favorable tax environment for international entrepreneurs. While Cyprus does not have a fully tax-free regime, companies can benefit from a low corporate tax of 12.5% on taxable profits. There is a large network of over 65 double tax treaties. These treaties help reduce taxation on international transactions. Cyprus companies can be 100% owned by foreigners. They are commonly used for holding assets, international trade, and investment activities. They also hold intellectual property. Some intellectual property can benefit from a special IP Box regime, reducing the corporate tax to an effective rate of 2.5%.

Additionally, Cyprus provides a stable financial and legal system, aligning with EU regulations while offering flexible business structures.

2. What types of companies can be registered in Cyprus?

The most common type of entity is a Private Limited Liability Company (Ltd), which is ideal for most businesses. Other options include Public Limited Companies, Partnerships, and Branch Offices of foreign companies.

3. How long does it take to register a company in Cyprus?

The process typically takes around 10-15 business days, depending on document preparation, approvals, and compliance procedures.

4. What services are included in the company formation package?

Our partner provides end-to-end services, including company registration, legal documentation, nominee services, bank account opening assistance, and ongoing compliance support.

5. Do I need to be physically present in Cyprus to open a company?

No, company registration can be completed remotely, with the necessary documents submitted electronically or via courier. However, a visit may be required for bank account opening, depending on the chosen bank’s requirements.

6. What are the costs associated with setting up a company in Cyprus?

The costs vary depending on the services required. We can provide a detailed price breakdown upon request, including incorporation fees, legal services, and ongoing compliance costs.

7. Can I open a bank account for my Cyprus company?

Yes, our partner assists with corporate bank account opening in Cyprus and other jurisdictions. The process and requirements depend on the chosen bank, the company’s activities, and the shareholder structure.

8. Are there any annual requirements for maintaining a Cyprus company?

Yes, companies must comply with annual reporting requirements, including financial statements, tax filings, and company renewals. Our partner offers full support for ongoing compliance and administration.

Frequently Asked Questions (FAQ) UAE

1. Main Advantages of Setting Up Company in UAE

The UAE is one of the most attractive jurisdictions for company formation. Investors for most types of companies can have 100% foreign ownership. They benefit from a large network of double tax treaties. There is also a corporate tax of 9% on various types of income above taxable profits of AED 375.000.

2. What types of companies can be registered in the UAE?
The UAE offers multiple business structures, including:

Free Zone Companies – 100% foreign ownership, no corporate tax, and easy setup.
Mainland Companies – Required for businesses operating within the UAE; can trade freely in the local market.
Companies – Ideal for international business without local commercial operations.

3. How long does it take to register a company in the UAE?
The timeframe varies depending on the business type and jurisdiction. Free Zone companies can be registered in as little as a few days, while Mainland companies may take up to several weeks.

4. What services are included in the UAE company formation package?
Our partner provides services such as business registration, trade license issuance, visa assistance, office space solutions, corporate banking support, and legal compliance.

5. Do I need to be physically present in the UAE to open a company?
In most cases, Free Zone and mainland companies can be set up remotely. However, certain business activities and bank account openings may require a visit.

6. What are the costs associated with setting up a company in the UAE?
Costs vary based on the company type, jurisdiction, and additional services required. We can provide a customized quote based on your specific needs.

7. Can I open a corporate bank account for my UAE company?
Yes, our partner offers assistance with opening corporate bank accounts in the UAE. The process depends on the bank’s requirements, the company’s activities, and the business structure.

8. What are the annual maintenance requirements for a UAE company?
Companies must renew their trade license annually and comply with visa and regulatory requirements. Mainland companies may also need to file VAT returns if applicable. Our partner provides full support for all compliance matters.

Frequently Asked Questions (FAQ) Bulgaria

1. Main advantages of setting up a company in Bulgaria

Low corporate tax rate: Bulgaria has a flat 10% corporate income tax, one of the lowest in the EU.
EU membership: Companies enjoy access to the European market and can benefit from EU trade agreements and funding.
Low operational costs: Wages, rent, and utilities are significantly lower than in Western Europe.
Skilled workforce: Many professionals speak English and are highly educated in IT, finance, and engineering.
Favorable VAT regime: VAT is 20%, with special rules for EU intra-community supplies and exports.

2. What types of companies can be registered in Bulgaria?

EOOD (Single-owner Limited Liability Company)
OOD (Limited Liability Company with multiple owners)
AD (Joint Stock Company)
ET (Sole Trader)
Branch or Representative Office for foreign companies
The most popular structure is the OOD/EOOD due to simplicity and limited liability.

3. How long does it take to register a company in Bulgaria?
Company registration typically takes 3 to 5 business days from the submission of all required documents. With proper preparation, the entire process can be completed in under a week.

4. What services are included in the company formation package?
While it depends on the provider, standard packages usually include:

Company name check and registration
Drafting of incorporation documents
Registration with the Commercial Register
VAT registration (if required)
Business address provision
Assistance with bank account opening
Legal and accounting consultation (initial)
Optional add-ons may include virtual office, nominee services, or bookkeeping setup.

5. Do I need to be physically present in Bulgaria to open a company?
No, you can incorporate a company remotely using a power of attorney. Most formation agents offer full remote setup and document handling. However, physical presence might be needed for bank account opening, depending on the bank’s policy.

6. What are the costs associated with setting up a company in Bulgaria?

Government and registration fees: ~€100–€150
Formation service fees: ~€300–€700 (varies by provider and services included)
Bank account setup (if assisted): May involve additional fees
Registered address and accountant: Monthly costs vary, but typically from €50–€150/month

7. Can I open a bank account for my Bulgaria company?
Yes. You can open a corporate bank account with a Bulgarian bank. Requirements vary, but commonly include:

Company registration certificate
Company documents
ID of the director/shareholder
Some banks require a personal visit, while others allow remote setup via a representative.

8. Are there any annual requirements for maintaining a Bulgaria company?
Yes. These include:

Annual financial statements and tax return (must be filed with the tax authorities)
VAT filings (monthly or quarterly if VAT registered)
Corporate income tax payment
Business address maintenance
Accounting and payroll (if you hire staff)

Failure to comply can result in penalties or deregistration.

Frequently Asked Questions (FAQ) Montenegro

1. Main advantages of setting up a company in Montenegro

Low corporate tax: Montenegro has a flat corporate income tax of 9%, among the lowest in Europe.
Favorable geographic location: Positioned between Western Europe and the Balkans, with easy access to EU and non-EU markets.
Not in the EU (yet): Allows flexible tax planning and is not subject to certain EU directives.
Stable currency: Montenegro uses the Euro (€) despite not being an EU member.
Business-friendly environment: Simple registration process and relatively low bureaucracy.

2. What types of companies can be registered in Montenegro?

DOO (Drustvo sa Ogranicenom Odgovornoscu) – Limited Liability Company; most common type for foreign investors.
AD (Joint Stock Company)
Branch Office
Representative Office
The DOO is the preferred choice for SMEs and startups due to minimal capital requirements and fast setup.

3. How long does it take to register a company in Montenegro?
Typically, 4 to 7 business days, provided all documentation is in order. Fast-track services may be available through local agents.

4. What services are included in the company formation package?
Most providers offer a package that may include:

Preparation and submission of incorporation documents
Registration with the Central Register of Business Entities (CRBE)
Provision of a registered office address
Tax number (PIB) and VAT registration (if needed)
Local bank account assistance
Legal and administrative support
Optionally: Nominee director/shareholder services, virtual office, and accounting setup

5. Do I need to be physically present in Montenegro to open a company?
No, not necessarily. A company can be formed remotely via power of attorney, although some banks may require physical presence to open a corporate account. Local agents can assist with full remote setup.

6. What are the costs associated with setting up a company in Montenegro?

Government fees: Around €30–€50 for basic registration
Formation service fees: €500–€1,000 depending on the provider and services
Bank account setup assistance: Optional and may incur additional fees
Ongoing costs: Registered address, accountant, and tax filings typically cost €100–€200/month depending on complexity

7. Can I open a bank account for my Montenegro company?
Yes. Local and international banks in Montenegro allow company account setup. Required documents usually include:

Certificate of incorporation
Company’s founding act
Tax number
ID/passport of directors and shareholders
Personal visit may be required depending on the bank. Some fintech or local options offer remote onboarding.

8. Are there any annual requirements for maintaining a Montenegro company?
Yes. These include:

Annual financial statements and corporate tax return filing
VAT returns (if VAT-registered)
Accounting and bookkeeping must be kept according to local standards
Renewal of registered office and other service agreements
Late or incorrect filings can incur penalties or lead to deregistration.