Setting up a business in Cyprus involves a well-organised process that transforms your vision into a fully functioning entity. Each step is designed to meet local regulations while establishing a strong foundation for your iGaming venture.
Step 1: Initial Consultation and Strategy Development
The journey begins with a detailed review of your business needs and goals. MGL evaluates your business model, market focus, and operations to recommend the ideal corporate structure. A tailored licensing strategy is then crafted to align with Cyprus's regulatory framework and market demands.
During this stage, your capital structure is discussed, and a clear timeline is established—this step typically takes a few days. Once the strategy is in place, the formal registration process begins without delay.
Step 2: Company Registration and Documentation
At this stage, your business is formalised through the preparation and submission of necessary documents to the Cyprus Department of Registrar of Companies. MGL handles critical tasks such as drafting the Memorandum and Articles of Association, which define your company’s purpose and governance. Additional steps include setting up a registered office and appointing a company secretary.
Once the company name is reserved and all paperwork is submitted, the Certificate of Incorporation is issued, marking the official establishment of your business.
Step 3. Get Your Registered Company
After incorporation, the focus shifts to operational readiness. MGL assists you in creating a corporate structure. Besides incorporating the company, we prepare all the necessary forms, AML and KYC policies, and business plan. We clearly explain all required documents to you, review them thoroughly before submission to agents, and provide direct feedback on any necessary corrections. You can also get an ongoing consultation to answer any questions on licensing and post-setup operations.












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If you have any questions
If you have any questions
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