D&B Report Guide - Cyprus

Facts and figures:

Country Cyprus
Business Universe 75,000
International Dialling Code 357
Legal Currencies Cypriot Pound
Population 760,000
Capital Nicosia
Language Greek
Time GMT +2

D&B Business Information Report content:

D&B Rating Yes Credit Appraisal Yes
Public Data Yes Financial Ratios n/a
D&B Payment Score n/a    

Legal forms in Cyprus:

  Name
Address
Principals
Reg Date
Number
Start Date
Capital
(minimum)
Ownership
(minimum number)
Proprietorship Yes Yes None 1
Partnership Yes Yes 2 2
Private Limited Co Yes Yes None None
Public Limited Co Yes Yes None None
Offshore non-resident Yes Yes 1,000 2
Offshore resident Yes Yes 10,000 2

'None'  means that there is no minimum capital requirement or ownership for these types of companies.

Cyprus has 55,072 registered offshore companies. There are 2 types of offshore company in Cyprus - non-resident and resident. There are 53,974 non-resident and 1,098 resident offshore companies.
 
Almost 100% of business information reports written on offshore companies contain only registry information.

Legal filing requirements:

It is compulsory for companies to prepare financial statements

It is not compulsory for private companies to prepare financial statements. In general terms, financial statements are only available if the company discloses them.

D&B Business Information Report - data sources and data elements:

Here is a breakdown of information available in Cyprus and where this information is obtained from.

Trade Registrar's Office and Trade Registry Gazette:

  • Articles of Association
  • resolutions of the annual shareholders meetings
  • shareholders and percentage of shares held
  • bank information and bank charges

Direct telephone interview:

  • activity/market territory
  • client type & number
  • premises/branches/divisions/employees
  • affiliations
  • principals and antecedents
  • expansion plans
  • balance sheets/profit & loss/projected sales
  • banks

Business publications and news clippings:

  • news articles concerning the subject company and its shareholders
  • market information internet services: www.stockwatch.com.cy

Government Gazette:

  • bankruptcies
  • legal suits

All publicly available data is collected and verified from each of the above data sources by our locally positioned D&B Correspondent for each Business Information Report request received.

Speed of service: 4 working days


Should you require any further information or have any questions, please contact your local Customer Service Centre.

Business Information Report enquiries which are placed with D&B's Emerging Markets Centre should always contain the below details. Unfortunately, enquiries without the below information have a much higher chance of being returned as an Unable To Locate Report. This is simply due to the fact that data sources in the Emerging Markets are not as sophisticated as those in Western Europe.

  • Full Company Name
  • Full Head Quarters Address (street, town, country)
  • Telephone Number
  • Fax Number

Any additional information such as a contact name or line of business would also help to locate the subject of your enquiry.

 


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