There are a number of conditions that you must meet before you can be allowed to form, register and incorporate a company in the republic of Cyprus. You need to pay cyprus company formation fees so that you can have your company registered and incorporated here in the republic of Cyprus. The company formation fees are compulsory for you to pay if you nee to have your company registered and given a license to operate here in Cyprus. However, there are a few other conditions that one must meet as well. You will need to ensure that you have a company secretary for your company. The company secretary is the individual or the firm that is tasked with the responsibility of running the day to day legal issues of the company. You will also need to ensure that your company has a qualified company board of directors. The board of directors is tasked with the overall running of the company. It is the body that ensures that all the activities of your company run well. As such, you need to ensure that the members of the board of directors are people who are educated and qualified to run your company on a day to day basis.