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Time frame for the set up of a Cyprus ready company: 24 hoursHistorically, new company is registered by the submission of paper and hard copies of the company's memorandum and articles of association.
This procedure takes several days though and it is not particularly good for people who are in a real hurry to start using their Cyprus company instantly.
Because of this, we pre-register companies in Cyprus and hold them in stock for customers to buy. So pre-registered Cyprus company is known as Cyprus shelf company or Cyprus ready company.
You can choose your Cyprus shelf company (Cyprus ready company) from a selection of immediately available shelf companies.
A shelf company (ready company) has also other benefits that one should consider.
If you have a significant agreement to sign now, you will require a company registration number to enable you to enter into it. In this case, a ready company will be the ideal option as it could take time to obtain a company registration number for a totally new company from scratch.
By purchasing a Cyprus shelf company (Cyprus ready company), you are able to use the pre-registered company number to complete the contract immediately.
You can choose your Cyprus shelf company (ready company) from a selection of immediately available ready companies.
An additional reason to buy a shelf company or ready company would be to make the most of the age of registration. A corporation which has been previously registered, months or years before, may possible be preferable for a number of reasons.
Very good examples are major contracts in particular with local or governmental authorities, since very often they call for a company to have been established for a number of years before they are able to bid on a contract. Such a requirement may present a difficulty for brand new company but buying a Cyprus shelf company (Cyprus ready company) will let you get around the difficulty.
By purchasing a Cyprus shelf company (Cyprus ready company), you are able to bid on contracts showing that you have already been in business for some time and thus getting around the difficulty of just having formed a company.
You can choose your ready company (shelf company) from a selection of immediately available Cyprus shelf companies.
Business and banking relationships are a lot more readily established, with an aged company. No one would prefer to start business with a company that has just now been registered like a brand new born baby. The older the company the more confidence people show in dealing with it. A shelf company (ready company) can help.
An aged company provides established longevity and operating history so as to increase and improve its corporate image. Corporate credit is less complicated with age, since most big companies will just refuse to give trading credit to newly formed companies.
Obtaining bank loans and other credit facilities is less complicated once you can show to have history, given that the history and age of a company is a most significant factor.
Establishing credit with banks or investor or business associates is much easier with an aged company since most lenders are reluctant to provide a credit line to a newly registered company and call for a minimum history of 2 to 3 years prior to providing any credit facilities.
You can choose your Cyprus shelf company (Cyprus ready company) from a selection of immediately available shelf companies.
