> ## Documentation Index
> Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt
> Use this file to discover all available pages before exploring further.

# Cyprus

> How to collect KYB documents from business customers in Cyprus (CYP) when onboarding through the Conduit API.

## 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                               |

*Tax ID:* 8 digits + 1 uppercase letter (e.g. 60012345A). Prefix "CY" + TIC = VAT number (e.g. CY60012345A).

*Registration number:* Prefix "HE" + up to 6 digits (e.g. HE123456). Printed on the Certificate of Incorporation and all DRCIP filings.

## 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 |

**Not applicable in Cyprus:** Governance Records. Skip these areas — no local artifact exists.

### 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 their `role` 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.