The Credit Report comprises all available data retrieved from official sources as well as interviews with the subject company, including information on its corporate structure and financial health.

The Credit Report provides you with a comprehensive overview of a company registered in Cyprus and allows you to gain a better understanding of the structure and ownership of a company along with its activities and commercial information, including import and export activities and payment information. Furthermore, access to a company’s financial statements of a company means that you are able to make a detailed analysis of their financial standing and in turn make more informed business decisions.

THE CREDIT REPORT MAY INCLUDE THE FOLLOWING:

Shareholders

A Limited Liability Company must have between 1 and 50 shareholders. Only Public companies are allowed more than 50 shareholders.

Directors

A Limited Liability Company must have at least 1 director. The Board of Directors is appointed by the shareholders of the company. A director, according to the law, is the person who can officially represent the company in its business affairs.

Secretary

Each registered company must have 1 Secretary. The Secretary is responsible for maintaining the company’s books and holding the stamp of the company.

Registered Number

Every company registered in Cyprus is assigned a unique registration number which serves as the identifier of a Cypriot legal entity. The name and address of a Cypriot company can change but the registration number will remain the same.

Registered Name

Each company has an official registered name which is recorded at the Department of Registrar of Companies and Official Receiver. A company can change its registered name at any time through the Registrar, however no two companies can have the same registered name.

Registered Address

Each company in Cyprus must provide a registered address to the Department of Registrar of Companies and Official Receiver. This address must be maintained by the company as a point of delivery for all legal and official documents. The registered address may be different from the physical office address, the company headquarters, or the billing address and can be changed at the Department of Registrar of Companies and Official Receiver. Additionally, in the case of IBCs (International Business Companies), the registered address is usually that of the correspondent.

Date of Registration

Each company has a registration date which represents the day they registered at the Department of Registrar of Companies and Official Receiver. The date of registration in Cyprus is also known as the incorporation date.

Capital

Most companies in Cyprus have a capital of between €1,000 and €1,700. In some cases the capital is higher but this is rare. A company can be registered in Cyprus without capital and it is known as a company Limited by Guarantees.

Charges

Information concerning all bank charges relating to a company are held at the Department of Registrar of Companies and Official Receiver. Information on bank charges includes mortgages, fixed or floating charges on company assets.

Company Activities

A brief description of the company’s activities as outlined in the Memorandum and Articles of Association of the company. Furthermore, whenever available, the latest NACE code of the company is included in order to provide you with the most up-to-date information on its activities.

Shareholding and/or Director Relationships

Our unique database stores comprehensive information on a company’s related entities, which can include other legal entities or relationships that the directors and/or shareholders of the subject company has had in the past, or currently maintain with other companies.

Detrimental Data

Detrimental data concerning a company in Cyprus may include information on voluntary liquidations, bankruptcy procedures or unpaid bills / invoices that are listed in our database. The investigation for detrimental data will take into consideration the subject company along with all of its related entities, its shareholders and directors and provides a matrix of possible risk factors.

Payment Records

A Credit Report goes one step further, and includes information concerning a company’s payment incidents such as complaints from suppliers regarding late payments. Payment records also include references from suppliers/peer companies that deal or have dealt with the subject company and are in a position to comment positively or negatively on their experience with the subject company’s payment behaviour.

Financial Statements

Financial statement analysis forms a key part of the Credit Report. According to the law, Cyprus companies are obliged to file their financial statements with the Department of Registrar of Companies and Official Receiver, however sourcing financial information from the Department of Registrar of Companies and Official Receiver is not always possible. This is why we always conduct a supplementary interview with the subject company, in order to request financial information to enrich and cross check any existing data we may hold.

Credit Scoring Assessment

Our expert team of reporters conducts an extensive analysis of each company under investigation, taking into account both financial and non-financial parameters, to provide a credit scoring assessment.

Companieshousecyprus.com launches a fresh investigation for each new request to ensure that you receive current and reliable data each time you place an order for a Credit Report.

Our team of researchers obtains all information from the Company File located at the Department of Registrar of Companies and Official Receiver. The information is then processed by our team of reporters who also conduct an interview with the subject company.

All information obtained during the investigation process is compiled into a Credit Report and a Credit Scoring Assessment is provided. The Credit Report is then delivered to you within 6 working days.