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.

  • 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:

If you have any questions please contact us

Formation Packages

Cyprus Company formation

Gold Package

Silver Package

Bronze Package

Comment

Cost of Incorporation

€700

€950

€1,100

Nominee Shareholder

€250

X

X

Provides greater confidentiality

Nominee Director

€250

€250

X

Cyprus resident Director required to benefit from 10% tax

Nominee Secretary

€250

€250

X

Registered Office

€250

€250

X

Cyprus bank account

€250

€250

X

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
Ongoing costs
Nominee Shareholder

€250
Nominee Director

€250

€250
Nominee Co Secretary

€250

€250
Registered Office

€250

€250
Accounting services

€800
Annual Audit

Quotation upon review of accounts

Legal requirement
 Annual government levy (as introduced 2011) €350

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

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
  • You email us the Information Form 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