Company formation in Cyprus

Cyprus has a corporate tax rate of 20%. Companies that operate under VAT have to pay tax on purchases at 19%. Certain services, like those related to some of the road passenger transport services, domestic passenger transport by sea, hotel accomodation, restaurants, and others, benefit from a 9% VAT rate.

Flag of Cyprus — Cyprus
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Popular company applications

Cypriot corporate structures are mostly used for:

Holding company
Royalty structures
Trading company

Corporate Registration requirements

Requirements for registering a company in Cyprus include:

Requires at least 1 director
Requires at least 1 shareholder
No minimum share capital

Bank account introduction

Bank account introductions in Cyprus are offered with:

Please consider to browse our full bank directory, if a bank is not listed here.

Registration timescale

It takes two weeks for a new company registration or shelf company transfer, in most cases. However, the set-up or transfer process will take up to 15 business days, if the shareholder of Cypriot company is an overseas corporate entity

VAT registration requires up to 1 month in most cases (Cypriot tax authorities may request additional information)

For a ready-to-use bank account a minimum of 15-20 days is required. (Account activation is possible only upon receipt of the required information and hand-signed application forms)

Where do I begin?

In order to commence incorporation and bank account introduction, we will require certain corporate documents and identification information.
Please ask us for details.

Advantages of forming a company in Cyprus

There are several advantages of forming a company in Cyprus, according to the World Bank report on ease of doing business. Please consider registering a company in Cyprus, especially, if your country of domicile has certain complications (namely political, regulatory or tax-related).

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Fast and straightforward incorporation procedure	Well-developed infrastructure
Low incorporation and maintenance costs	Flexible corporate legislation