| Service name | Standard set | Premium set |
| Company registration | + | + |
| Official address for 1 year | + | + |
| Apostil set | – | + |
| The Power Of Attorney | – | + |
| Bank account | – | + |
| Formation fee | 2500 EUR | 2700 EUR |
| Fee for yearly administration | 800 EUR | 900 EUR |
General information
Area – 9.250 sq. km
Population – 770.000
Сapital – Nicosia
Official language – greek, turkish
Official currency – euro (EUR)
Legal form of Company
Company with limited liability
Key specials
Cyprus has agreements on exemption from double taxation with following countries:
Ukraine, Russia, Belarus, Austria, Greece , Romania, Bulgaria, Hungary, Canada, Ireland, Slovakia, Czech Republic, Italy, Sweden, Danmark, Kuwait, United Kingdom , France, Norway, USA, Germany, Poland, Croatia, Serbia, Montenegro, China, Malta, Syria, Belgium, Egypt, Finland
Providing of banking, insurance or trust services are subject of special license
Corporate legislation
Companies Act from 1968 with modifications in 1977, 1979, 1985, 1986 and 1990
Share capital
No obligations of share capital contribution
Share capital is established by declaraton
No minimum or maximum limits set
Standard share capital is 1000 EUR devided into 1000 shares with par value of 1 EUR each
Authorised issue of registered shares with par valueonly
Bank account opening
For Cyprus Company we offer bank accounts in following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
St. Vincent and the Grenadines
Belize
Seychelles
Tanzania
Bosnia
Hong Kong
Dubai
Directors
Minimum one director is required
Use of nominee directors is allowed
Directors can be residents of any country
Directors can be private or corporate
Shareholders
Minimum one shareholder is required
Use of nominee shareholders is allowed
Shareholders can be residents of any country
Shareholders can be private or corporate
Taxation
Cyprus has one of the lowest tax duties in EU:
Value added tax – 15%
Corporate tax – 10%
Accountancy
Annul return must be submitted every 12 moths
Financial statements must be submitted every year
Disclosure of beneficial ownership to Government Authorities
Not disclosed
Timeframes
New Company registration takes from 1 day.
Shelf companies are available
For more information, please contact us.