Company Formation in Cyprus
Cyprus company registration: cost, process, and requirements. LegalBison manages the whole process of incorporation with a bank account.
- No minimum share capital
- 0% tax on dividend payout
- Modern, business-friendly administration
- Possibility of having a nominee shareholder
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
Costs and Packages: Price of a Company Formation in Cyprus
Choose a package that you would like to receive more information on.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
Former investment banker turned crypto & gambling regulation specialist.
+44 20 4577 0974
Request information on company formation in Cyprus: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Local personnel
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Accounting for 1 year
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Long-term POA
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Apostilled set of documents
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Additional legal support
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Corporate Account
Turnkey company formation, Everything you need to get off the ground. Start now!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Full turnkey company formation and support in all necessary aspects. Customized pricing!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Local personnel
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
They knew better and trusted us, they tell about their experience
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Ready-Made Companies in Cyprus For Sale
Shorten the process of incorporation in Cyprus with a shelf company. LegalBison holds a rolling stock of ready-made companies in Cyprus with a bank account. Send a request now to inquire about availability and price.
Getting started with company registration in Cyprus
Find out all the necessary information about opening a company in Cyprus cost and other important implications. Discover why Cyprus is a popular jurisdiction and how it may help your business to reach another level. Additional information about offshore Cyprus company formation with a bank account on request, directly from our legal team.
- Timeline
- Duration
- Remote incorporation
- Required Information
- VAT
- Documents
Procedure to prepare the registration of a company in Cyprus
The registration process of a company in Cyprus is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement;
- Payment of the full invoice;
- [IF REMOTELY]: Notarization of POA by client;
- Preparation of registration documents;
- Document signed at the notary;
- Official register validity: immediately.
How long does it take to form a company in Cyprus?
It takes about 5-10 working days to register a company in Cyprus. When done remotely, the process tends to be closer to 10 days (2 business weeks).
Can I form a company in Cyprus remotely?
The whole incorporation process can be conducted remotely. No travel is necessary. However, notarization of documents is necessary.
- A Power of Attorney (POA) from (all) partners/shareholders is needed;
- The POA is sent to you by us based on the services you want;
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization);
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address;
- Cyprus is part of the Hague Convention of the Apostille.
Necessary information to begin with company formation in Cyprus
- 3 options of your desired name for the company and a company contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your company's activity.
Without VAT number in Cyprus
Your company will not be eligible to receive VAT refunds, which means everything bought is 19% more expensive (important: B2B payments between two VAT-exempt companies are not more expensive).
Your company will not have to file monthly tax returns (prerequisite: no one receives a salary), which means low costs.
With VAT number in Cyprus
The company will be eligible to receive VAT refunds, which means you can make use of the reverse-charge mechanism. Monthly tax returns have to be filed, even if no transactions occur.
It is possible to be granted a VAT number for a Cyprus limited company: a request has to be filed with the Cyprus tax administration.
Before we help you to apply for a VAT number you should carefully think about the advantages and obligations that go along with it. Registering as a VAT payer might be either voluntary or obligatory, depending on the turnover.
Required documents to provide to register a company in Cyprus
- Passport copies (scans) of shareholder/s and director/s, also beneficiary owner if applicable;
- A Power of Attorney (in case of a remote company registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
Alternatives to company formation in Cyprus
Our team has curated the following jurisdictions as being worthy alternatives to a company registered in Cyprus:
Company Formation in Antigua and Barbuda
from 1.900 €-
Tax-free offshore
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Bearer shares allowed
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Allows gambling
Company Formation in Aruba
from 1.100 €-
Reputed offshore center
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No taxes
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Great for intellectual property protection
Company Formation in Australia
from 1.900 EUR-
Part of the RCEP Agreement
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Reputed Oceanian country
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Business friendly
Company Formation in Austria
from 1.800 €-
Prestigious standing
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Competitive tax rate in EU
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Completely remote
Company Formation in Bahamas
from 1.350 €-
Tax-free offshore
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No reporting obligations
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Discretion of owners
Company Formation in Bahrain
from 3.300 €-
Fast growing economy
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0% taxes (except oil business)
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Business friendly environment
Things to know before registering your company in Cyprus
Taxation of companies in Cyprus
The corporate income tax rate in Cyprus is set at 12.5%.
- No obligation to distribute profits;
- Dividends are wholly exempted from taxation in Cyprus;
- Corporate taxes are to be declared in the Republic of Cyprus by filling out the appropriate form (we provide assistance).
DTAA signed by Cyprus for companies
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion.
Andorra, Armenia, Austria, Azerbaijan, Barbados, Belarus, Belgium, Bosnia, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, India, Iran, Ireland, Italy, Jersey, Kazakhstan, Kingdom of Bahrain, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Luxembourg, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Swiss Confederation, Syria, Thailand, The States of Guernsey, Ukraine, United Arab Emirates, United Kingdom, USA and Uzbekistan.
Accounting and audit requirements for a company in Cyprus
Limited companies in Cyprus are liable to produce and present financial statements on a yearly basis. The directors of the company are responsible for keeping proper books of account and records on the basis of which the company’s financial statements are prepared.
A company is exempted from the submission of financial statements if it is in the year of its incorporation.
A company is exempted from the submission of financial statements if it is in its second year and it has already conducted an official board meeting during the year of its incorporation.
Economic substance and residency requirements for companies in Cyprus
A Cyprus limited company requires an address in the Republic of Cyprus, which must not be a letter box office.
There are no residency requirements for the directors, shareholders, and eventual employees of a Cyprus Limited Company.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
- Taxes in Cyprus
- Double Tax Treaties
- Accounting and audit requirements
- Residency requirements for company holders
Taxation of companies in Cyprus
The corporate income tax rate in Cyprus is set at 12.5%.
- No obligation to distribute profits;
- Dividends are wholly exempted from taxation in Cyprus;
- Corporate taxes are to be declared in the Republic of Cyprus by filling out the appropriate form (we provide assistance).
DTAA signed by Cyprus for companies
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion.
Andorra, Armenia, Austria, Azerbaijan, Barbados, Belarus, Belgium, Bosnia, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, India, Iran, Ireland, Italy, Jersey, Kazakhstan, Kingdom of Bahrain, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Luxembourg, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Swiss Confederation, Syria, Thailand, The States of Guernsey, Ukraine, United Arab Emirates, United Kingdom, USA and Uzbekistan.
Accounting and audit requirements for a company in Cyprus
Limited companies in Cyprus are liable to produce and present financial statements on a yearly basis. The directors of the company are responsible for keeping proper books of account and records on the basis of which the company’s financial statements are prepared.
A company is exempted from the submission of financial statements if it is in the year of its incorporation.
A company is exempted from the submission of financial statements if it is in its second year and it has already conducted an official board meeting during the year of its incorporation.
Economic substance and residency requirements for companies in Cyprus
A Cyprus limited company requires an address in the Republic of Cyprus, which must not be a letter box office.
There are no residency requirements for the directors, shareholders, and eventual employees of a Cyprus Limited Company.
LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.
About company registration in Cyprus
The cost of a Cyprus company depends on a few factors: the business activity, the domestic requirements pertaining to the company form and activity, the choice to use a nominee, the decision to open a local bank account, etc. LegalBison’s approach is always to provide you with tailored legal services for your company formation in Cyprus with a bank account. We carefully look into your project and design a solution around your expectations and needs, for the lowest possible cost.
Despite having very advantageous conditions, Cyprus is not considered an offshore jurisdiction. Cyprus is not on the OECD blacklist. It is a member of the European Union with incentives for foreign investors and business people. A Cyprus company is not considered an offshore company.
The process of setting up a company in Cyprus takes between one and two business weeks. This duration is subject to a few factors such as the ability of the project leader to provide LegalBison’s project managers with all the necessary documents in the shortest delay. Everything is then done to streamline and fasten the registration process in Cyprus.
The process can be conducted offshore. Simply gather the necessary ID documents, prepare a business plan, and get in touch with our experts. He will guide you through the process, including the provision of the legal documents necessary to open a limited company.
Yes, it is possible for a non-resident to start a company in Cyprus. There are no requirements for an entrepreneur to be a resident of Cyprus or a citizen of Cyprus in order to set up a company in Cyprus and open a bank account. Remote incorporation is possible and simple, thanks to LegalBison’s assistance.
Besides the low corporate income tax, Cyprus is a noteworthy choice for holding companies and foreign-operated service businesses. With no dividends taxation and an advantageous IP regime, a Cyprus company is a solid asset in order to protect your investments and distribute their profits to individual and legal stakeholders.
Companies operating from Cyprus are liable to pay a 12.5% tax on their profits. This flat tax rate is one of the lowest in the whole European Union. The simplicity of Cyprus’ tax code has contributed to making this former offshore jurisdiction one of the best places for business in Europe.
To establish a company in Cyprus remotely, entrepreneurs should prepare the basic set of documents that are required after invoice payment. This is the only step for you, as our team takes the entirety of the incorporation process in Cyprus into its hands. The company establishment is therefore as simple as it gets, with LegalBison’s full assistance.
Contact Us About Setting Up a Company in Cyprus
You do not know where to start or who to ask about your project to register a company in Cyprus? Our team is available during business hours for a free consultation.
Receive all the necessary information about company registration in Cyprus and a personalized offer. Depending on your project and needs, we provide tailored solutions.
Inquire now and receive a call back within one business day.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
