Company registration in Cyprus

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.