How do I register a trade name in Cyprus?

An individual or legal entity applying for trade name registration must first file an application with the Registrar Companies’ Office for approval. The business name reservation in Cyprus has a six-month validity period, time in which the applicant may submit the rest of the documents for company registration.

Are trade names registered?

A trade name is a name a business uses to identify itself to the public. Other terms used in place of trade name are “fictitious name” and “DBA” or “D/B/A.” A trade name is usually registered with the county where the business is located, as a fictitious name or d/b/a (doing business as) name.

Where are trade names registered?

Typically, a business must register a trade name with the state agency that has jurisdiction over businesses. By conducting a simple Google search, you can easily find the correct agency. For the majority of states, it is the Secretary of State.

How do you secure a trade name?

The most effective way to protect a business name is to register it as a trade mark. A trade mark gives you exclusive legal rights to use your business name in relation to your goods or services or closely related goods and services.

How much does it cost to register a business in Cyprus?

The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.

How do I open a shop in Cyprus?

The first and most important step to complete in order to open a business in Cyprus is to select and reserve a trading name for the company. In order to make sure the selected name is approved, our lawyers in Cyprus recommend businesspersons to submit at least 3 name proposals, among which the desired one.

What is a trade name example?

A trade name is the name your business is commonly known as or the name you use when advertising or doing business. A trade name is also called a DBA (doing business as) name. A good example of this is Walmart. Walmart’s legal business name is Wal-Mart Inc.

What is the difference between a trade name and a legal name?

A legal name is the name of a person or entity that owns a business. A legal name must be registered with a state government and includes a legal ending, such as an LLC or LLP, after the title. A trade name is generally considered the name a business uses for advertising and sales purposes.

What happens if someone trademarks your business name?

If the other business has a trademark, the current owner can infringe upon this legal protection by using the same company name. If there is a trademark in place for his or her company and someone else created a new entity with the same name, this owner can pursue a legal claim and contact a lawyer for a legal remedy.

Does registering a company protect the name?

Incorporating a new company will prevent other businesses from registering the same, or a very similar, company name to yours. A trade mark is a sign which can distinguish your goods and services from those of your competitors. Registering a company name does not automatically protect it by trade mark law.

What is the best business to start in Cyprus?

Business Opportunities in Cyprus

1. Construction Company. The government of Cyprus provides substantial support to individuals looking to start a company in the construction business.
2. Education Consultancy.
3. Property Rental Market.
4. Tourism.
5. Shipping Industry.
6. Transportation Business.
7. Insurance Brokerage Company.

Is it easy to start a business in Cyprus?

It is quite easy to open a business in Cyprus and with the proper support, overseas businesspersons can have their own companies up and running in the littlest time possible.

How to register a private company in Cyprus?

There are different types of Cyprus Companies which can be registered in Cyprus. There are the, (a) Private Limited Company, (b) the Public Limited Company and (c) the Limited Company without Share Capital. The most common way of doing business in Cyprus is through the Cyprus Private Limited Company.

Which is the best way to do business in Cyprus?

The most common way of doing business in Cyprus is through the Cyprus Private Limited Company. At D. Hadjinestoros & Co LLC, we Have Accumulated Substantial Experience And We Advise And Litigate With Regard To All Aspects Of Corporate Law.

Who is the supervising authority for companies in Cyprus?

The supervising authority for companies in Cyprus is the Registrar of Companies and Official Receiver (“ Registrar of Cyprus Companies ”). This department holds all the information of registered companies in Cyprus.