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Registration of a company in Cyprus
- Price:3000 EUR
- Term:3-4 weeks
Cyprus attracts investors from all over the world, it is this country that provides regular benefits for non-residents and promotes the development of foreign business on the island.
Every year the jurisdiction more and more claims to be the main European business center and does everything possible to obtain this status. The island of Cyprus is comfortable both for starting a business and for own living. Investors prefer this jurisdiction to create a business in the field of cross-border trade, IT, E-commerce, tourism and hotel and restaurant activities. The island is also suitable for creating investment funds, trusts, opening a real European office or relocating an offshore company. The financial sector is focused on a foreign client and will provide favorable conditions for opening accounts.
- primary identification of the client to comply with the legal requirements of Cyprus
- checking the name of the company for registration
- preparation of registration forms
- legal address services per year in Cyprus
- local secretary services for 1 year
- local director services for 1 year if necessary
- preparation of statutory documents
- payment of the necessary fees for company registration
- registration services
- obtaining certificates from the state register on company registration and their apostille
- apostille of the company's charter
- production of a power of attorney under notarization and apostille if necessary
- production of a corporate seal
- entering data on beneficiaries into the Register
- obtaining a tax identification number (TIC)
- one courier delivery of documents
- consultation on the choice of a banking or payment solution
- consulting support for the company per year
- preparation of minutes of the company's annual meeting in accordance with the requirements of Cyprus legislation
- legal address services per year in Cyprus
- local secretary services for 1 year
- local director services for 1 year if necessary
- updating beneficial owner data in the Register
- consulting support for the company per year
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1Low-tax jurisdiction, where corporate tax is 15%
- 2Cyprus is not offshore and is not included in any offshore list of countries, including Ukraine, it is often called an “offshore zone” or “Cyprus offshore” solely because of low taxation
- 3Non-residents have the opportunity to obtain a residence permit in Cyprus
- 4An island with many ports, access to both the European and Asian markets
- 5Cyprus has an extensive network of concluded double tax treaties, more than 65 countries, including Ukraine
- 6There is no foreign exchange control in the jurisdiction
- 7Developed banking sector with world-class banks
- 8Opening or buying a Cypriot company is suitable for any type of activity, from trade to the IT sphere
- 9The purchase of personal property is subject to a reduced VAT of 5%
- 10Registration of a company and opening a business account does not require a visit to Cyprus
Before opening a business in Cyprus, you need to know that a company established in Cyprus is considered a tax resident by default, based on the criterion that it is not a resident of another country.
Taxation in Cyprus is considered one of the most loyal in Europe.
Corporate tax on companies' profits is set at 15% in accordance with the OECD Pillar Two global initiative. The company's net profit is taxable, determined after deducting expenses directly related to business activities (e.g. personnel costs, rent, marketing, professional services, IT infrastructure, financial commissions and depreciation of assets).
Cyprus provides corporate tax benefits, in particular under the IP Box regime for income from intellectual property. Under the IP Box, 80% of income from qualified intellectual property is exempt from tax, while the rest is taxed at the standard corporate tax rate. As a result, the effective rate is around 3%. Qualified IP includes software, patents, algorithms and other results of research and development. This mechanism is widely used by IT companies, technology start-ups and international business groups within the EU.
VAT in Cyprus is 19%, with reduced rates of 9% and 5%, as well as a zero rate for exports and intra-European transactions between VAT payers. Certain activities, including financial, insurance, medical and educational services, are exempt from VAT.
Dividend taxation is regulated under the Special Defence Contribution (SDC). For non-doms, dividends are not taxable in Cyprus. For domicile residents, a reduced rate of 5% applies. Dividends between EU resident companies may be exempt from taxation in accordance with the EU Parent-Subsidiary Directive, provided that the minimum shareholding and holding period requirements are met. This makes Cyprus an effective jurisdiction for holding structures and international corporate groups.
From January 1, 2026, dividend payments in low-tax jurisdictions (where the rate is less than half the Cyprus rate, i.e. below 7.5%) are subject to a 17% withholding tax, and interest and royalty expenses are not recognized as expenses for reducing corporate tax in Cyprus. Separate rates also apply to payments in jurisdictions from the EU blacklist: 17% for dividends and interest and 10% for royalties.
More information about the tax system of Cyprus.Foreign citizens in Cyprus can register trusts, funds, foreign representative offices, investment funds, partnerships, limited liability companies.
For international business purposes, a Limited Liability Company (LTD) is most suitable.
- Capital – the minimum stated share capital is 1000€. Payment to capital is not binding.
- Director – at least one natural or legal person without residency requirements.
- Shareholder - at least one, natural or legal person, may be non-residents.
- Secretary - is required.
- Register of beneficiaries - close. When registering a company, data on beneficial owners are entered into the Register.
- Available information - about the name of the company, its legal address, director, shareholder, secretary, as well as the amount of the authorized capital.
- Substance requirements - no.
- The legal address is in the territory of Cyprus.
- Licensed activities - banking and insurance.
Every company established in Cyprus is required to prepare and submit annually audited financial statements, whether or not it has been in business. The audit must be carried out according to international criteria by an independent external auditor or audit firm.
- A full audit is not always mandatory for a Cypriot company. For small private companies, the law allows a simplified option - Review Engagement according to the ISRE standard. This format is possible if the company:
- is a private Ltd (not public, not socially significant and not supervised by Cyprus regulators);
- is not required to prepare consolidated statements;
- has a turnover of up to 300,000 EUR and gross assets of up to 500,000 EUR for two consecutive financial years.
Financial statements submitted to the Register are publicly available information upon payment of a fee for access to the portal.
Cypriot companies are also required to submit an annual return to the Registrar of Companies, which updates the main registration data on the company's address, director, shareholder, statutory capital, etc.
- Cases in which a Cypriot company is required to register as a VAT payer:
- If the company sells goods and services in Cyprus exceeding the annual threshold of 15,600 euros.
- If the company sells goods and services in the EU.
- If the company purchases services from abroad (both in the EU and outside the EU) exceeding the annual threshold of 15,600 euros.
- If the company buys goods from other EU countries in the amount of more than 10,251.61 euros during any calendar year.
- If the company carries out distance sales to consumers in Cyprus and its sales exceed the threshold of 10,000 euros.
Submission of VAT declarations and payment of taxes are carried out online through the portal TAXISnet.
- 3 desired company names
- description of directions of work of the future company
- national and foreign passports of the shareholder, attorney of the company
- confirmation of the address of registration of the shareholder (for example, a utility bill receipt)
- confirmation of the attorney's registration address (for example, utility bill receipt)