Cyprus Company Formation :
|Cyprus Company Formation fee* costs in euro||1.595 ~ USD 2.035|
|Cyprus Company - Ready-Made company ( Shelf Company )* costs in euro||1.995 ~ USD 2.545|
|Annual fee without nominees or additional services. (2nd year fee)||995 ~ USD 1.275|
Use this currency converter if you need the current exchange rate.
Annual Fee / Ongoing Yearly fee
|Company secretary (required by law) costs, in euro||450 ~ USD 575|
|Registered office (required by law) costs, in euro||450 ~ USD 575|
|Nominee directors (optional) (per nominee) costs, in euro||450 ~ USD 575|
|Nominee shareholders (optional) (per nominee) costs in euro||450 ~ USD 575|
|Foreign nominee shareholder (optional) (per nominee) costs in euro||895 ~ USD 1.139|
|Foreign nominee Director (optional) (per diretor) costs in euro||895 ~ USD 1.139|
Registration fee includes:
|Apostilled registration documents and shareholder certificate.|
|Official Company certificate|
|Memorandum of articles and registration certificate|
|Power of Attorny (POA)|
|Typically it takes 7 - 14 days for the company to be registered.|
|For ready made companies (shelf company) it only takes 1 day before you can start doing business.|
- Accounting records must be kept by every company in Cyprus.
- Annual audited financial statements must be submitted to the Inland Revenue and Registrar of Companies in Cyprus.
- A Cyprus Company only pay 10% TAX on profits. If the company is registered as IBC 0% Tax apply.
- We will send you the latest list of Cyprus Shelf Companies on request and if needed.
ADD ON Services
- Accounting services - CCLOGIC offers to maintain the required accounting services for your company once it is registered.
- VAT Registration - If you need your company to be registered for VAT, CCLOGIC offer you to complete this registration for you and will also be able to submit the quarterly VAT submission for your company.
- Annual Report - CCLOGIC offers to complete and submit the annual report for your company.
- Dedicated Phone with a Cyprus phone number - CCLOGIC offers all it's clients a dedicated phone line with a dedicated phone number, we can switch the Cypriot phone number directly to your local phone number or we offer a pick up phone service, where incomming calls will be taken by our receptionists.
- Virtual Office Services - As part of the mandatory Registered Office address in Cyprus, we also offer to forward all mail received on the companies address to an address of your choice.
This is what you need to register a company in Cyprus
- A copy of passport or other picture ID
- Utility bill (phone or electricity bill) not older than 3 months.
- Agreement which is send to you on request.
- If you dont want to be listed at the public register of companies in Cyprus, you will need to order a nominee shareholder and director.
- A Nominee Director is a local or foreign person which will act as director on behalf of your company.
- A Nominee Shareholder is a local or foreign person which is registered as shareholder for your company in Cyprus.
Most of our clients choose our nominee services (nominee director and shareholder) when they order a Cyprus Company Formation, however, it is not required.
CCLOGIC will introduce you to practising auditors and accountants that will provide these services at very reasonable costs which are always agreed in advance with the client.
Different types of companies, learn which one you will want.
We have 2 types of Cyprus companies, as far as their tax status is concerned. These are:
(a) A Cyprus resident company which is taxed at 15% on its profits.
(b) A Cyprus non-resident company which is not taxed.
The place where management and control of the company is exercised determines the residence status of the company. If the majority of the company Directors are Cypriots, then it can be assumed that decisions are taken in Cyprus and the company is Cyprus resident. This is why we use Cypriot nominee directors.
A Cyprus resident Company pays 10% tax, can get Cyprus Tax Resident Certificate and can distribute to its shareholders all remaining profits without any withholding taxes. Also the company can take advantage of more than 40 double tax treaties that Cyprus signed with various countries. It can get a VAT Registration number.
A Cyprus non-resident company, pays no taxes, but it cannot take advantage of the double tax treaties network and cannot get a Cyprus Tax Resident Certificate. It cannot get a VAT Registration number.
Registered Office must be in Cyprus since it is a Cyprus company. It cannot be anywhere else (any other country)
In 2014 the total number of New Incorporations in Cyprus, was 11.169 that's an increase of new registrations because most know of the islands advantage. In additiona to many other jurisdictions considered to be low tax than Cyprus has developed and growing faster.
In 2015 it's faster than ever to register a new company in Cyprus,because of the endless development of the registrar in Cyprus and their IT systems. It takes now less time to get the company registered and it's even been cheaper not to mention that you are able to register more difficult company names now.
The strongest company setup in Cyprus,for businesses that are looking for a reliable and stable enviroment of doing business. Many Internet Businesses and Online Internet Marketers have found their way to Cyprus to establish their Virtual Company and presence there. It's a perfect chance to enter the boarders of the European Union with the lowest tax possible.
Double Tax Treaty Overview
To avoid to pay taxes locally your country of residence need to have signed a double tax treaty with Cyprus. Above you can see with which countries Cyprus has signed such agreements.
Latest statistics from Februar 2015 for company formation in Cyprus
The above stats are taken directly from the registry of companies in Cyprus and includes the latest figures from the last 6 years, we have tried to get the most relevant information delivered directly to you.
If you have any questions or need help then please do not hesitate to contact us anytime. We are here to help you through the entire process quickly and hassle free.