Cyprus Company Registration & Formation Services
Cyprus is an ideal jurisdiction for business and tax optimization in the EU
12
years’ experience
1000+
companies registered
Why Cyprus?
Corporate tax rate of 12.5% is one of the lowest in Europe
Low taxes
Bank account
Possibility to open a bank account in Cyprus without personal presence
0% for dividends
Dividends received from subsidiaries are not taxable
We do not pay twice
Cyprus has double taxation treaties with more than 40 countries
IP box mode
There are tax benefits for income from intellectual property
Corporate image
A respectable European company. Suitable for business with clients from other EU countries
Getting started with company registration in Cyprus
How to Choose a Company Type in Cyprus
The first of many essential steps of the Cyprus company registration process is to choose the correct type of company.
Cyprus has the following five entities available for registration:
-
Private limited liability company by shares
-
Public limited liability company by shares
-
Limited liability company by guarantee without share capital
-
Limited liability company by guarantee with a share capital
-
Variable capital investment company
The most popular is the Private Limited Company (Ltd), which is well-suited for small and medium-sized enterprises. But the choice of firm form is subject to a number of aspects that are specific to each enterprises, among them the sector of economic activity.
That is why before you set up a company Cyprus, it’s strongly recommended to discuss your individual case with experts and your case specific needs to determine which structure is most beneficial to you.
.jpg)
Choose the name of your company
You will need to select a company name prior to incorporating a company in Cyprus. The selected name must be submitted for approval in the Cyprus company register (Registrar of Companies).
This usually takes 3-4 days to complete, and once your choice is accepted, it will be reserved for you for the next 6 months. At this point, you are required to file the application for the Cyprus company incorporation under such name.
The proposed name - to be accepted - must be in accord with Cypriot regulations. Most importantly, it should particularly not be the same, almost the same or deceptively similar to the name of any registered entities in cyprus company registry.
The name also cannot be misleading, undesirable, or contain restrictive words or phrases (such as “bank” or “casino”) unless authorization is received from the relevant governmental authority or regulatory authority.
Document Preparation
A package of documents is to be drawn up prior to submitting application for company registration Cyprus. The documents you will need may be different based on the type of entity you choose. Nevertheless, no matter what you choose, it is important to know that the usual list of documentation for Сyprus company formation is the following:
-
The memorandum and articles of association. These must be properly signed and drafted in Greek, as required by Cypriot law;
-
Details of the shareholders, usually including passport copies and proof of address;
-
Details of the company’s director and secretary;
-
Information regarding the company’s registered office address in Cyprus.
Applying to incorporate a Company
With the approved company name and all necessary documentation prepared you may now apply the application for the registration of a Cyprus company. This can be accomplished either through registering a company in Cyprus online via e-filing, or by submitting the documents in person or by post.
Upon submission, the Cyprus company register examines the application. If everything checks out then the company is officially registered and a certificate of incorporation is provided.
The certificate of incorporation shows the company has been registered and now exists as a legally incorporated entity. It will contain the registration number of the company that should be included in all official papers and correspondence.
Other things to know before registering your company in Cyprus
The address of the registered office
A registered office situated in Cyprus is an essential requirement for every Cyprus company. Note that this can't just be a P.O. box - it has to be a physical address.
All official correspondence from Cypriot government authorities will come to this address. The Company's registered office address will also become a matter of public record on the Cyprus company register.
The cost of a company in Cyprus
Name of the service
Start
Basic
Business🔥
Pro
Company registration, including state duty
✅
✅
✅
✅
Legal address for 1 year
❌
✅
✅
✅
Share certificate
❌
✅
✅
✅
Registration and submission of information to the UBO register
❌
✅
✅
✅
Company secretary for 1 year
❌
❌
✅
✅
Nominee director for 1 year
❌
❌
✅
✅
Tax number
❌
❌
✅
✅
Corporate account
❌
❌
✅
✅
Free signing of documents by a nominee director
❌
❌
✅
✅
Corporate (investment) agreement
❌
❌
❌
✅
Support in attracting investments
❌
❌
❌
✅
VAT number
❌
❌
❌
✅
Consultation on EU VAT and taxation in Cyprus
❌
❌
❌
✅
Total cost
1000 EUR
700 EUR
2760 EUR
2090 EUR
6680 EUR
4349 EUR
9135 EUR
6390 EUR
*The offer is valid until 8/31/2025
What Happens After Your Company Is Registered
The key steps following the incorporation of a Cyprus company include:
Open bank account
Once your entity is registered you will need to set up the corporate bank account. The procedure for opening a bank account varies depending on the specific requirements of the chosen bank. Yet, not all businesses necessarily require a traditional commercial bank for their banking needs. Now there are alternatives with online banks or Electronic Money Institutions (EMIs).
For more detailed information about the banking system in Cyprus, please refer to:
Registration at the Tax Department
Once your entity is registered you will need to set up the corporate bank account. The procedure for opening a bank account varies depending on the specific requirements of the chosen bank. Yet, not all businesses necessarily require a traditional commercial bank for their banking needs. Now there are alternatives with online banks or Electronic Money Institutions (EMIs).
For more detailed information about the banking system in Cyprus, please refer to:
Corporate Compliance in Cyprus: Your Ongoing Responsibilities
There is more to it than simply registering a company. To ensure that your business remains lawful and in good standing, there are continual obligations that each business must meet.
Once in every calendar year, the companies are required to file an Annual Return to the Registrar of Companies within which a copy of the company’s financial statements has to be attached.
Furthermore, it is required to prepare audited financial statements at the end of each tax year. These are to be filed with the Tax Department together with the tax return.
Any alterations made in the entity's organisation or any significant details - like the company name, the directors, the secretary, and the registered office address - should also be declared officially to the Registrar of Companies.
Tax Information for a Cyprus Company Registration
The tax system is a big benefit which attracts businessmen into the country.
They do enjoy one major advantage, though - the low corporate tax rate of 12.5%. But it is important to mention too that Cyprus is thinking of a tax reform, and increasing tax up to 15% is in the talk. Even if this change occurs, Cyprus will remain a highly attractive jurisdiction from a tax perspective.
Another important benefit is that there is no withholding tax on dividends. In most cases, dividends are also exempt from the Special Defence Contribution (SDC), for example, dividends paid by a Cyprus company to non-resident individuals.
Additionally, Cyprus offers a special tax regime known as the IP Box. This regime allows companies generating income from intellectual property (i.e. royalties, sale of IP, license fees, sale of products and services containing IP), to benefit from significant tax advantages (lower rates). With the IP Box regime an enterprise can bring the corporate tax rate down from 12.5% to 2.5%. You can learn more about the features of this regime in our article.
In this article, we discussed the most basic things to be considered when incorporating a company in Cyprus, from the type of company to the tax benefits. Such general observations set the tone of how to set up a company in Cyprus properly.
In case you want to find out more about what specific details are required and the practicalities of registering a company in Cyprus, we would be more than happy to provide individual consultation based on your needs. Whether your project is new or you are growing your business, we are here to support you every step of the way!
5.0
"Their adept use of technology for communication and project management streamlined the entire process."
Thanks to Icon.Partners' efforts, the client was able to integrate with major platforms, such as Google, Facebook, and Stripe, and optimize their platform. The team was highly supportive and responsive from a workflow standpoint, and internal stakeholders were particularly impressed with the service provider's flexibility, professionalism, and technical prowess.
Oleksandr Platonov
CEO, VorfahrQR UG
Germany📍
Apr 10, 2024
5.0
"They have a modern and technological approach to doing business."
The client is satisfied with Icon.Partners' work, whose documentation is a vital part of their success. The client resolves legal and financial issues with the help of the team. Their excellent communication skills, timely delivery, modern approach, and diverse expertise make them a great partner.
Anton Tkachov
CEO of Gotoinc LTD
Cyprus📍
Jan 18, 2024
Reviews
5.0
"Their adept use of technology for communication and project management streamlined the entire process."
Thanks to Icon.Partners' efforts, the client was able to integrate with major platforms, such as Google, Facebook, and Stripe, and optimize their platform. The team was highly supportive and responsive from a workflow standpoint, and internal stakeholders were particularly impressed with the service provider's flexibility, professionalism, and technical prowess.
Oleksandr Platonov
CEO, VorfahrQR UG
Germany📍
Apr 10, 2024
Reviews
-
Risk analysis of business ideas and crypto asset evaluation- Reducing risks during the project launch - Identifying ways to reduce the volume of compliance requirements - Increasing attractiveness for investors
-
Jurisdiction selectionSelecting the most suitable jurisdiction, taking into account the favorability of the jurisdiction for your type of activity and other important factors.
-
Company registrationWe have reliable partners in over 40 jurisdictions and a deep understanding of the challenges involved in establishing and maintaining a company in each country. This gives the opportunity to quickly and correctly resolve all the issues, avoiding penalties.
-
Bank account openingWe have a database of financial institutions that can help you open an account and start conducting business in a shorter time frame.
-
MiCA compliance- Meeting European requirements for crypto assets - Reducing the risk of sanctions and fines - Expanding the market
-
GDPR compliance- Protecting client data - Avoiding fines for non-compliance
-
Drafting website documentsProfessional appearance and legal protection of the website and you as the site operator
-
Developing legal framework for marketing communicationsEnsuring compliance with MiCA and increasing chances of attracting investors and clients
-
ICO support- Professional legal support at all stages of the ICO - Increasing the likelihood of successful fundraising