Overview
| Field | Value |
|---|---|
| Region | Asia (West, South & Central) |
| ISO 3166-1 | CY / CYP |
| Registry | DRCIP |
| Last updated | 2026-05-06 |
Identifiers
Collect two identifiers from each business customer in Cyprus and submit them as strings on the application body.| API field | Local name | Issuer |
|---|---|---|
businessInfo.taxId | TIC | Tax Department, Ministry of Finance |
businessInfo.businessEntityId | HE Number (ΗΕ αριθμός) | DRCIP |
Sector regulators
CBC · CySEC · ICCS
Legal structures
| Local name | Abbreviation | Description |
|---|---|---|
| Private Company Limited by Shares | Ltd | Closely-held share-capital company; 1–50 shareholders, shares not freely transferable or publicly traded; the default SME incorporation vehicle under Companies Law Cap. 113. Equivalent to a US LLC. |
| Public Company Limited by Shares | PLC | Share-capital company with minimum 7 shareholders and minimum €25,629 paid-up capital; shares may be listed on a stock exchange. Closest US equivalent: C-Corp. |
| European Company | SE | EU-wide supranational share-capital company registered under EU Regulation 2157/2001; may operate across member states under a single legal personality. Closest US equivalent: C-Corp. |
| Variable Capital Investment Company | VCIC | Collective investment fund vehicle (UCITS/AIF); shares have no nominal value and capital fluctuates with subscriptions/redemptions; requires CySEC authorisation. Closest US equivalent: C-Corp. |
| Company Limited by Guarantee | Ltd/Gte | Company with no share capital; members guarantee a fixed amount on winding-up; used for nonprofits, professional bodies, and clubs. Closest US equivalent: Nonprofit Corporation. |
| General Partnership | G.P. | Two or more persons carrying on business in common; all partners bear unlimited joint and several liability; registered with the Registrar of Partnerships under the Partnerships and Business Names Law Cap. 116. Closest US equivalent: General Partnership. |
| Limited Partnership | L.P. | One or more general partners with unlimited liability and one or more limited partners whose liability is capped at their capital contribution; registered under Cap. 116. Closest US equivalent: Limited Partnership. |
| Sole Trader | — | A single natural person trading under their own name or a registered trade/business name; registered with the Registrar of Partnerships and Business Names; personally liable for all business debts. Closest US equivalent: Sole Proprietorship. |
| Cooperative Society | — | Member-owned organisation formed to provide economic or social benefit to its members; regulated by the Registrar of Cooperative Societies under the Cooperative Societies Law. Closest US equivalent: Cooperative. |
| International Trust | — | Trust established under the International Trusts Law 1992 (L. 69/1992); settlor and beneficiaries must be non-resident; at least one Cypriot trustee required. Closest US equivalent: Statutory/Business Trust. |
| Branch of Foreign Company | — | Registered place of business of an overseas company operating in Cyprus; not a separate legal entity from its parent; registered with DRCIP under Cap. 113 (Part XI). Closest US equivalent: Branch/Rep Office. |
How documents combine
For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below.| Evidence area | Documents needed |
|---|---|
| Legal Registration | Certificate of Incorporation |
| Constitutive Documents | Memorandum & Articles of Association |
| Tax Registration | TIC Certificate |
| Operating Permit | Municipal Business Permit |
| Ownership Records | All required: Annual Return + Share Register |
| Signing Authority | Board Resolution |
| Address | Any one of: Μισθωτήριο · Λογαριασμός κοινής ωφελείας · Τραπεζική κατάσταση |
| Good Standing | Certificate of Good Standing |
Documents to collect
The physical documents you’ll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil’s Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed.| Document | Proves |
|---|---|
| Certificate of Incorporation (DRCIP) | Legal Registration |
| Memorandum & Articles of Association | Constitutive Documents |
| TIC Certificate (Tax Department) | Tax Registration |
| Municipal Business Permit | Operating Permit |
| Annual Return | Ownership Records |
| Share Register | Ownership Records |
| Board Resolution | Signing Authority |
| Μισθωτήριο | Address |
| Λογαριασμός κοινής ωφελείας (≤90 ημέρες) | Address |
| Τραπεζική κατάσταση (≤90 ημέρες) | Address |
| Certificate of Good Standing (DRCIP) | Good Standing |
| Sector-Specific License | CBC authorization, CySEC license, ICCS authorization |
Collection notes
- Legal Registration: Includes HE number, date of incorporation, entity type. Order via efiling.drcor.mcit.gov.cy.
- Constitutive Documents: Two-part document filed at incorporation. Certified copies available from DRCIP e-filing portal.
- Tax Registration: Issued on Form TD2001 registration. Confirm via taxisnet.mof.gov.cy. VAT registration separate if turnover ≥ €15,600.
- Operating Permit: Issued by local Municipal or Community Council; requires on-site inspection. Sector-specific activities need additional regulatory approvals.
- Sector-Specific License: CBC for banks and EMIs; CySEC for CIFs, fund managers, MiCA CASPs; ICCS for insurers.
- Ownership Records: Annual Return lists current shareholders and directors of record. Share Register is maintained by the company and contains the full transfer history. Certified copies of both are available from DRCIP.
- Signing Authority: Board resolution for routine account-opening; notarized PoA for broader signing authority. Apostille from Ministry of Justice and Public Order.
- Address: Conduit universal policy: lease (no time bound) OR utility bill OR bank statement, with utility/bank dated within 90 days. Same evidence satisfies both registered-address and operating-address checks.
- Good Standing: Separate DRCIP artifact — not embedded in the Certificate of Incorporation. Order it separately from efiling.drcor.mcit.gov.cy; typically required alongside the Certificate of Incorporation for KYC bundles.
Person roles
When you submit a person on the application body, set theirrole to one of Conduit’s canonical BusinessPersonRole values. Use this table to map a local corporate-governance title onto the right canonical role.
| Local role | Canonical API role | Description |
|---|---|---|
| Director (Διευθυντής) | CONTROLLING_PERSON | Appointed under Cap. 113; manages day-to-day operations; minimum 1 for Ltd. |
| Non-Executive / Board Director | CONTROLLING_PERSON | Governance role; common in Cyprus holding structures with separate nominee directors. |
| Attorney / Power of Attorney Holder | LEGAL_REPRESENTATIVE | Appointed by board under Cap. 113 (articles of association); legally binds the company. |
Notes
- CySEC is a major EU fintech/FX hub regulator. Many MiFID II-passported investment firms and FX brokers are CySEC-authorized; verify CIF (Cyprus Investment Firm) licence status on the CySEC Regulated Entities register (cysec.gov.cy) for any financial-services counterparty.
- Certificate of Good Standing is a separate DRCIP artifact. Unlike some jurisdictions, it is not embedded in the Certificate of Incorporation — order it separately from efiling.drcor.mcit.gov.cy; it is typically required alongside the Certificate of Incorporation for KYC bundles.