CYPRUS Company Formation

Cyprus Company Formation from €700

We provide offshore Company Formation in Cyprus services and all support required to operate and maintain Cyprus Companies.  The highest degree of competence and confidentiality is ensured.

Cyprus Company Formation Packages – If you have any questions please contact us

Gold Package

Silver Package

Bronze Package

Comment

Cost of Incorporation

€700

€950

€1,100

 Includes; Memorandum & Articles; Certificates of Shareholder, Director, Company Secretary, Registered Address; Trust Deed and Declaration of Trust as appropriate

After name is approved, standard time required for incorporation is 2 weeks

Nominee Shareholder (one)

€250

X

X

Provides greater confidentiality for Owner

Nominee Director

€250

€250

X

Director should be Cyprus resident to benefit from low tax

Nominee Secretary

€250

€250

X

Secretary must Cyprus resident

Registered Office

€250

€250

X

Cyprus bank account

€250

€250

X

Includes debit card and e-banking facilities

Accounting Services (Includes  management of VAT & preparation of draft accounts)

€800

X

X

Based on < 100 transactions per year

 

 

 

 

Total Package Costs

(Including 1st Year Fees)

€2,750

€1,950

€1,100
Optional Extra
Accelerated Incorporation

€450

€450

€450

 Three days upon submission of signed application for company incorporation
Annual – Ongoing  Costs
Nominee Shareholder

€250

X

X
Nominee Director

€250

€250

X
Nominee Co Secretary

€250

€250

X
Registered Office

€250

€250

X
Accounting services

€800

X

X
Annual Audit

Quotation upon review of accounts

Quotation upon review of accounts

Quotation upon review of accounts

 Legal requirement
Annual Government Levy

€350

€350

€350

 Legal requirement – Introduced 2011
  • No withholding tax on royalties for use outside Cyprus
  • 10% corporation tax in Cyprus – lowest tax in the EU
  • No withholding tax on interest
  • 45 Double tax treaties
  • Credit relief for foreign withholding tax
  • Ability to carry forward losses indefinitely
  • Flexible and tax efficient reorganisation provisions
  • Group relief rules available

Other Cyprus facts:

 

Requirements for Cyprus Company Formation:

Company Formation Requirements
  • Company Secretary:  Must be resident in Cyprus (We can provide a nominee Company Secretary)
  • Registered Office:  Must be located in Cyprus (We can provide a nominee Registered Office)
  • Company Director:  At least one Director should be resident in Cyprus for the company to benefit from Cyprus Company tax at 10%. the minimum age for a Director is 18 (We can provide a nominee Director)
  • Shareholder:  We can provide a nominee shareholder.  This provides extra confidentiality
Company Reporting Requirements
  • Annual audited accounts; tax return; submission to Companies House
  • VAT in Cyprus: Registration threshold is required when taxable supplies in Cyprus reaches €15.600 (See Cyprus VAT for more information)
  • VIES Cyprus (VAT Information Exchange System): VAT-registered persons/companies who supply goods and/or services to VAT registered parties in other member states must register and report.  Reporting requirement is monthly by the 15th of the following month.
  • We can complete and perform all the above reporting requirement on behalf of clients

Company Documents will include:

Registration of a new Cyprus Company including:

  • Provision of Memorandum and Articles of Association in Greek and true translation in English
  • Certificates of Incorporation
  • Certificate of Shareholders
  • Certificate of Registered Office Address
  • Certificate of Directors and Secretary
  • Company stamp
  • As applicable:
    • Trust Deed
    • Declaration of Trust

Costs:

Prices start at €700, but the total formation cost depends on the services provided.  Please see Prices and fees for details

Formation Process:

STEP 1
  • Upon payment, we send you an Information Form by email.  You return the form together with scanned copies of supporting documents including the following and payment:
    • Passport
    • Proof of address (Utility bill etc)
    • Bank Reference (if a bank account is needed)
STEP 2
  • We send you the following for signature
    • An extract of the Memorandum & Articles
    • Bank account application forms
STEP 3
  • You return the above with the due diligence documents
STEP 4
  • Upon receipt of the above, the company registration is completed and bank account opened