Cyprus represents an attractive business location, due to the fact that the local economy developed at a fast pace. In this sense, investors must know that Cyprus became a member of the Eurozone soon after the country was accepted as a member of the European Union (EU). Businessmen interested in company formation in Cyprus can register many types of business forms here, and one of the ways refers to the special purpose vehicle (SPV) company, which is set up to perform securitization transactions and other similar operations. Our specialists in company formation in Cyprus can offer assistance for the registration of this special entity, as the procedure varies from the one available for commercial companies.
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Incorporate a SPV company in Cyprus – a procedure explained by our Cypriot company formation agents
In order to register a SPV company in Cyprus, investors have to follow first the registration requirements available for commercial companies. In this sense, they must choose a trading name for the company, as well as a legal entity.
There is no specific legal entity which is recommended in this case, but most of the investors usually choose the limited liability company, which is the most common incorporation form throughout Cyprus, as well as the EU.
Our team of Cypriot company formation representatives can provide assistance on the incorporation of a limited liability company, as well as on the main documents needed under the local law.
Non-regulated investment vehicles in Cyprus
A SPV company in Cyprus falls under the regulations of non-regulated investment vehicles (CIV). A CIV in Cyprus falls under the same legal requirements applicable to a limited liability company. Thus, the company will represent a distinctive legal person than the investors and it should function as a regular company, with a board of directors and bookkeeping accounts, following the applicable legislation.
A SPV company can also benefit from the provisions established under the agreement on the avoidance of double taxation signed by Cyprus with other contracting states.
Investors who need assistance for the registration of a SPV company in Cyprus can contact our team of Cypriot company formation agents.