Buy or register a Company in Cyprus.

Given that Cyprus is part of the European Union, it is one of the most popular jurisdictions for company incorporation. The activities of companies operating in Cyprus are entirely transparent. The Cyprus company is ideally suited for both international trade and for a holding company where dividends are tax exempt. Moreover, it will be appealing to securities traders, as these transactions are not subject to a capital gains tax and income tax. The rule works regardless of whether it is a commercial transaction or an investment one.

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Company Registration in Cyprus – Prices

Basic

1499€
  • Company registration, including payment of fees
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • One name check

Standard

1999€
  • Company registration, including payment of fees
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • One name check
  • Apostille of documents
  • Legal address
  • Nominee Director
  • Nominee Shareholder
  • Nominee Secretary

Premium

2199€
  • Company registration, including payment of fees
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • One name check
  • Apostille of documents
  • Legal address
  • Nominee Director
  • Nominee Shareholder
  • Nominee Secretary
  • Issue of a general power of attorney

Premium+

2699€
  • Company registration, including payment of fees
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • One name check
  • Apostille of documents
  • Legal address
  • Nominee Director
  • Nominee Shareholder
  • Nominee Secretary
  • Issue of a general power of attorney
  • Account opening in Bank of Cyprus
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ABOUT COMPANY REGISTRATION IN CYPRUS

A Cyprus offshore company needs to have one Director and a shareholder. A shareholder and Director may be one person or legal entity, a citizen of any country. AFORTIS Group advises the use of Cypriot Directorships as a nominee service in case the company plans to obtain the status of a tax resident in Cyprus and, accordingly, benefit from double taxation treaties. To get this status, the number of Cyprus-resident directors must be bigger than the number of non-resident directors. For example, if you decided to become a Director of a Cyprus company, you must have at least two directors-residents of Cyprus. The minimum share capital is limited to 1000 EUR, while the minimum nominal value of one share is 1 EUR.

A Cyprus company is not an offshore company. It is obliged to pay a 12.5% corporate income tax at the end of the year, file financial reports and pass an audit. Information about the beneficiaries of the Cyprus company is confidential when using a nominee service.

Even though Cyprus companies are no longer offshore, the country still has a system of tax optimization. Moreover, as it was removed from the offshore blacklist, there are no risks for business operations. Cyprus legislation does not strictly regulate the percentage of liabilities and equity and does not have strict requirements for transfer pricing. The main benefits of Cyprus are:

  • Quick and simple process of company formation without a personal visit to Cyprus.
  • Low tax rates (tax for dividends repatriation – from 5 to 15%, tax for interest repatriation – 2%, tax for royalties repatriation – from 5 to 10%).
  • A Cyprus company can receive the VAT payer status, which simplifies the work with EU partners.
  • Cyprus is not a classic offshore company, such as the Seychelles, Panama or the British Virgin Islands.
  • Unlike Poland, the Czech Republic and Croatia, foreign citizens can buy property in Cyprus.

How to register an offshore company in Cyprus?

1. Buy a shelf offshore company or register a new one

AFORTIS Group offers support in company incorporation, further company administration, and the purchase of shelf companies. Shelf companies were in high demand recently, as the incorporation period lasted up to one month. However, the situation has changed and now it takes less time to incorporate a new company than buy a shelf one.

2. Company name check

To register a new company in Cyprus, you need to check the name in advance. The name should be unique. The Register of Enterprises of Cyprus charges a fee for the official check of each name. The check takes one to two working days.

3. Collect supporting documents for company registration in Cyprus

The Cyprus documents of incorporation will include:

  • Passport (scan copy)
  • Proof of address (scan copy, confirming the place of residence, for example: stamp of registration, utility bill or a copy of a similar document)

4. Corporate structure of an offshore company in Cyprus

At this stage, you can choose to use the nominee service, or appoint directors and shareholders. The founders of the company may be either a physical person or a legal entity and of any nationality.

5. Registration of the company in Cyprus

The documents are submitted for registration to the Register of Enterprises of Cyprus. There is an option of a remote incorporation without a personal presence of the client.

6. Apostilled set of incorporation documents of the Cyprus company

Statutory documents can be apostilled. Apostille on documents is required in case the company’s documents will be used abroad, for example, to open a bank account, open a representative office of an offshore company, enter into an agreement with partners.

What you get

Upon finishing of registration of the company in Cyprus, its owner receives a set of documents, which includes:

  • Certificate of Incorporation in English
  • Certificate of Incorporation in Greek
  • Memorandum and Articles of Association
  • Minutes of the First Meeting
  • Certificate of Director and Secretary
  • Certificate of Shareholders
  • Certificate of Registered Address
  • Share Certificate
  • Resolution of issuing Power of Attorney*
  • Power of Attorney*
  • Declaration of Trust*

* Provided in case of using a nominee service

Companies registered in Cyprus are most often used for the following purposes:

  • Holding
  • Real Estate
  • Export and/or import of the goods
  • Deposits and investments
  • IP ownership

Important to remember!

The annual fee should be paid to the Registrar of Companies no later than the 30th June of each year.

If the fee is paid within 2 months of the due date a penalty of 10% is imposed which increases the fee up to 85 EUR. In case the company is delayed with payment for more than 2 months, but no more than for 5 months, the penalty for a late paid fee will be 190 EUR. If the fee is not paid after 5 months of the due date the company is subject to liquidation.

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