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Why are certain words not permitted in the name of a Cyprus company?

As in any country, using some words in company names is restricted or prohibited. Most of those words are related to specifically licensed activities. If you want to refer the Cyprus company name to activities like banking, insurance, re-insurance, trusts, registered agent services, asset management, then you will need to get a specific approval first from the relevant regulatory authority. You can use the restricted-activity words, but only through a prior licensing procedure aimed at the particular activity. For instance, to use a “banking” word in the name of your Cyprus company, you would have to first apply for the banking license with the Central Bank of Cyprus.

The other restricted words are the ones that would misleadingly convey an official patronage or connection with the Republic of Cyprus or the government of Cyprus, as well as similar patronage of any other country or its government. The final word in approving all such sensitive names is with the Registrar of Companies, who may permit the incorporation of a Cyprus company under a “sensitive” name, if there is a good logical or business reason to do so.

The third group of restricted words is open-ended, and much at the discretion of the Registrar of Companies. Any obscene words or expressions will be refused. Names that allegedly copy or resemble too closely an existing business name will be refused. Quite simply, the name restrictions are there to protect the general public from being misinformed or misled. Proposed names of generic nature and names already in use are also declined in name applications as there needs to be a degree of uniqueness in your Cyprus company’s name.

Additionally, it is obvious that the word “Limited” or “Ltd” is compulsory in the name of the Company if it will be set up as a private limited company.