Company Formation in Cyprus

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12.5% tax
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5-10 days
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from 1.950 €

Cost company formation in Cyprus

Basic Package

Turnkey company formation, Everything you need to get off the ground. Start now!

from 1.950 € Initial set up
no maintenance Maintenance per month
  • Turnkey Company Formation
  • Company contact person
  • Registered legal company address for 1 year
  • Remote incorporation
Medium Package

Full turnkey company formation. This is the standard package our clients go for!

On request Initial set up
  • Turnkey Company Formation
  • Company contact person
  • Registered legal company address for 1 year
  • Remote incorporation
  • Notary Services
  • Company Secretary
  • Local personnel
Full Package

Full turnkey company formation and support in all necessary aspects. Customized pricing!

On request Initial set up
  • 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

Incorporation Assistance in Cyprus - Free Consultation

Kirill Gussev photo
Kirill Gussev Corporate Service Professional

How to start

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1. Choose a jurisdiction
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2. Pick a bank
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3. Pay for the service using a suitable method
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4. Receive credentials of your new legal entity
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5. Get credentials of your opened bank account
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6. Receive a package with all documents delivered to you

Top 5 Advantages of company registration in Cyprus

  1. No minimum share capital
  2. 12.5% corporate income tax
  3. 0% tax on dividen payouts
  4. Modern + business-friendly administration
  5. Possibility to have a nominee shareholder


How long does it take to register a company in Cyprus?

  • 5-10 working days
  • Around 2 weeks if everything is done remotely

What are the steps to register 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:
  1. Initial consultation and agreement
  2. Payment of the full invoice
  3. [IF REMOTELY]: Notarization of POA by client
  4. Preparation of registration documents
  5. Document signed at the notary
  6. Official register validity: immediately


How high are the corporate income tax in Cyprus?

  • 12.5% corporate income tax
  • 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 the appropriate form

What Double-tax treaties has Cyprus?

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, Uzbekistan Status: End of 2020

VAT number

Without VAT number

  • 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

  • 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 to 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. To register as a VAT payer might be either voluntary or obligatory, depending on the turnover.

Decide first

  1. Do you want to buy a ready-made company or start a new one?
  2. Can you travel or do you want to do everything remotely?
  3. Do you want to deposit a share capital? (no obligation to do so)
  4. What is the goal of your incorporation? (is Cyprus really the ideal pick?)
Speak to our consultants to get a free consultation and guidance on how to choose the best jurisdiction based on your business model.

Documents to provide for company registration in Cyprus

  • Passport copies (a scan) 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)

Information needed to get company registration 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

Remote incorporation

  • The whole incorporation process can be conducted remotely. No travel necessary. 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

Accounting and auditing

  • 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 iit is in the year following the year of its incorporation and, it has already convened a general meeting during the year of its incorporation

Residential requirements

What are the residential requirements 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 ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Cyprus

Is Cyprus considered an offshore jurisdiction?
How do I open a limited company in Cyprus?
What are good alternatives to Cyprus?
What is so advantageous about having a limited company in Cyprus?

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