Phoebus Clerides Expands Cyprus Company Formation
The Nicosia law firm is offering English-language company formation services to founders and investors based outside Cyprus.
Updated on Nov. 2, 2026 in Professional Services
Phoebus, Christos Clerides & Associates LLC has extended company formation services to founders and investors based outside Cyprus. The work is handled in English from first instruction through registration.
Why it matters
The move reflects the firm's decision to grow the share of its work that comes from abroad. It aims to give international founders a single point of contact for setting up a Cyprus company and related legal questions.
The firm was founded in Nicosia in 1950, and the service covers the Companies Law, Cap. 113 framework for memorandum, articles of association, directors, and the Register of Beneficial Owners. Pricing, volumes, and revenue impact were not disclosed.
The players
Phoebus, Christos Clerides & Associates LLC
A Nicosia-based law firm founded in 1950 that acts for individuals, businesses and international clients in Greek and English.
Dr Christos Clerides
A partner at the firm since joining in 1982, who served as President of the Cyprus Bar Association from 2020 to 2023.
Department of Registrar of Companies and Intellectual Property
The Nicosia-based Cyprus government department responsible for registering companies and intellectual property.
The details
Founders living abroad are taken through identity and know-your-customer documents before the corporate file is submitted. The service covers name approval, appointment of directors and a company secretary, and the registered office.
Timeline
1950: Firm founded in Nicosia by Phoebus Clerides
2004: Cyprus became a member state of the European Union
2008: Cyprus adopted the euro
1982: Dr Christos Clerides joined the firm
2020 to 2023: Dr Christos Clerides served as President of the Cyprus Bar Association
Market Landscape
Cyprus's company formation work sits within its Companies Law, Cap. 113 framework and its membership of the European Union since 2004. Firms like this one are positioning themselves to serve founders who want an EU-member entity with English-language support.
Founders based outside Cyprus gain a single English-language contact for incorporation, director and secretary appointments, and beneficial ownership filings. The announcement does not disclose fees or timelines.
The takeaway
Founders weighing an EU-based company should compare formation requirements, filing obligations, and total costs directly with providers before committing. A single advisor handling identity checks and registry filings can simplify the process for cross-border founders.
Further reading
For more on the sector, explore Professional Services coverage.
Source note: This article includes information reported by Trinidad Express Newspapers.
