Cyprus Company Formation

12.5% Tax Rate, EU Member, 43 + Tax Treaties

Cyprus Overview:

Tax: 12.5%

Cyprus Corporate tax is 12.5%, paid on profits after allowable expenses.  It is ideal to appoint at least one Cyprus resident director to demonstrate effective management and control takes place in Cyprus and therefore qualify for Cyprus tax registration.

Time: From 1 Week

With accelerated service a Cyprus company can be incorporated within 1 week.  However the usual time required is about 3 weeks.

Shareholder: Minimum 1

The minimum number of registered shareholders is one. The minimum beneficial shareholders are also one. Shareholders can either be individuals or legal corporate entities. Trusts may also be shareholders of a Cyprus company.

Shares maybe held by trustee companies for the benefit of beneficial shareholders to preserve their anonymity. Trust Deeds are signed by the trustee in order to completely safeguard the interests of the beneficial shareholders.

We can provide nominee Shareholders.

Director: Minimum 1

At least one director is necessary. The directors may be local Cypriot individuals or foreigners. It is ideal to appoint at least one Cyprus resident director to demonstrate effective management and control takes place in Cyprus rendering the company resident in Cyprus for tax purposes.

A corporate entity may act as a director.

We can provide nominee Directors.

Company Secretary

An individual or a secretarial company must be appointed and is responsible for the submission and filing of statutory returns (in Greek).

We can provide a Company Secretary.

Registered Office: Required

The registered office of the company must be in Cyprus. The registered office address is the official address of the company where the statutory books, registers, and the seal of the company should be kept. Summons and writs are also served at the registered office address.

We can provide registered office address.  Note: The registered office address is different from the business office – where business is carried out

Planning a Company:

Cyprus is also a full member of the European Union (EU), using the Euro currency, and boasts over 40 double tax treaties which can assist in international tax planning.  Planning is an important aspect of registering a company.  We will assist and advise you, to make sure the Cyprus company is structured in a way meets your needs and make sure you are aware of the details relating to;

  • Share Capital and Subscription of Shares
  • Appointment of; Shareholder(s); Director(s); Company Secretary; Company’s Registered Office Address
  • Company name selection

Or you may choose to purchase a ready made (“shelf”) company for immediate use.

All Cyprus registered companies are delivered with the following:

  • Preparation and drafting of Memorandum and Articles of Association, in Greek and English language (other languages upon request)
  • Full set of corporate documents (including 2 bound Memorandum and Articles of Association)
  • Certificates (in English) of Incorporation; Director & Secretary; Shareholders; Registered Address
  • Register of Members and Directors, and Share Certificates

We can also provide accounting and audit services including registration and management of VAT, tax etc.

Setup Costs:

 

Full Service Package

Nominee Package

Basic Package

Services

For clients who want privacy and to be able to demonstrate “effective management and control” takes place in Cyprus to a higher level For clients who want privacy and to show a local director in order to benefit from Cyprus corporate tax
Company Formation

€700

€700

€1,100

Nominee Shareholder

250

€250

X

Nominee Director

€250

€250

X

Company Secretary

€250

€250

X

Registered Office

€250

€250

X

Bank Account

€250

€250

X

Bookkeeping Services

€800 *

€800 *

X

Cyprus Business Office address

€600 (per 3 months)

X

X

Cyprus website hosting  (.com.cy)

€80

X

X

Cyprus Part-time Employee

€750 (per 3 months)

X

X

Total Set Up Costs:

€4,180

€2,750

 €1,100

* Based on up to 100 transactions per year.  Registration and management of VAT charged separately

On going Costs

 
Nominee Shareholder

€250 per year

Nominee Director

€250 per year

Company Secretary

€250 per year

Registered Office

€250 per year

Bookkeeping Services

€1,000 per year

Cyprus Business Office address

€600 per 3 months

Cyprus website hosting  (.com.cy)

€80 per year

Cyprus Part-time Employee

€750 per 3 months

Cyprus Mobile Phone Number

€250 per year

Government Annual Levy

€350 per year

Tax Audit

Quotation upon review of accounts

Email or Call Susan Now:

Tel: 00357 25 103904

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