Company Formation
Incorporation of Cyprus legal entities including tax registration, bank account opening and ongoing compliance monitoring.
Benefits of a Cyprus Company
Low Corporate Tax
Corporate income tax rate of 15%. Significant exemptions available.
Corporate Tax Exemptions
Lower corporate income tax to as low as 3% with IP box and notional interest deduction regimes.
Access to EU
Access to EU directives, EU VAT number and an extensive network of double tax treaties.
Holding Company
Transfer dividends tax free by benefiting through various EU directives.
Quick Setup
Incorporation time of up to 4 weeks.
Low Incorporation & Maintenance costs
Incorporation costs of €1,800. Less than €1,500 per year for accounting and audit fees.
Corporate Structures
Private Limited Company
No minimum share capital threshold. At least one shareholder and director required.
Sole Proprietorship
Owned and operated by a single individual who assumes the business liabilities. Simple and quick to establish.
Foreign Branch
Allows an existing foreign company to establish a presence in Cyprus without incorporating a separate legal entity.
Partnerships
A flexible business structure offering custom profit-sharing arrangements and a framework enabling passive investors to participate in investment funds.
Formation Process
- Name Reservation: Choice of a unique name and its reservation with the Cyprus companies registrar.
- Preparing Corporate Documents: Drafting the Memorandum and Articles of Association.
- Company Registration: Submission of corporate documents and confirmation of incorporation by the registrar of companies.
- Corporate Bank Account: Opening a corporate bank account in Cyprus or internationally.
- Tax registration: Mandatory registration for a tax identification number (TIN), and if applicable registration of VAT.
Requirements
- Minimum 1 shareholder and director.
- Minimum 1 secretary (can be the same person as the director).
- Registered office in Cyprus.
- Mandatory filing of annual returns and financials.
Benefits for International Structures
Business Facilitation Unit
A fast-track business relocation framework for eligible foreign-owned Cyprus companies. Benefits include an accelerated immigration procedures for employing third-country nationals.
EU Parent Subsidiary Directive
Enables qualifying dividend distributions between associated EU group companies without withholding taxes.
EU Interest & Royalties Directive
Allows qualifying interest and royalty payments between associated EU companies to be made free from withholding taxes.
EU Single Market Access
Access to the EU Single Market of over 450 million consumers. Cyprus companies can establish subsidiaries across EU, provide cross-border services, recruit talent, and benefit from the free movement of goods.
Company Redomiciliation Regime
Allows eligible foreign companies to transfer their corporate seat to Cyprus and continue their legal existence without liquidation or re-incorporation.
Double Tax Treaty Network
65+ tax treaties covering major jurisdictions across EU, UK, Middle East (including the UAE, Qatar, and Saudi Arabia), North America, and Asia.