Incorporate in Cyprus

$3,900.00

Set up a Cyprus Private Company Limited

Cyprus has one of the lowest corporate tax rates across the European Union (12.5%). Due to its favorable tax regime, Cyprus is the gateway to the European common market chosen by many non-EU companies and a portal for investment from the West into Russia, Middle-east, Asia and South America. It is also a shipping hub, the Cypriot-registered vessel fleet is the fourth largest in the world.

In addition, dividends received by Cyprus companies are exempt from all taxes, with the exception of foreign-source dividends that are deductible for tax purposes for the paying company, being an interesting option for holding companies. Cyprus companies are also commonly used for international trading and for the provision of investment business services.

Learn more about incorporating in Cyprus

Bank Accounts

Please select your bank account (optional)

SKU: INC-KN-001-3-1 Category:

Description

Cyprus Limited Company Formation – USD 3,900.00

We pride ourselves in providing the best possible professional service which includes our honest hassle-free “No Hidden Fee” policy. Your incorporation package includes:

  • Government and Registration Fees
  • Certificate of Registration
  • Memorandum & Articles of Association
  • First Board Resolution
  • Share Register
  • Share Certificate(s)
  • Appointment of Director(s)
  • VAT and Tax registration
  • Registered Office including all fees for the calendar year
  • Secretarial Services Fees
  • Corporate Documents’ Courier Delivery

Time to form: 2 weeks.

All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.

Annual Fees (2nd year) – USD 2,100.00

Including:

  • Preparation of Annual Return
  • Annual Return Filing
  • Government Annual Fee
  • Registered Office Fees
  • Corporate Secretary Fees

Tax Services (Optional)

  • Tax Residence Certificate – USD 250.00
  • Completion and Submission of Tax return – USD 1,100.00

Bank Account Opening Support Services (Optional)

Bank Account Options:

  • Cyprus Bank Account (In-person) – USD 1,200.00
  • Mauritius Bank Account (Remotely) – USD 500.00
  • Labuan (Malaysia) Bank Account (Remotely) – USD 500.00
  • Curaçao Bank Account (Remotely) – USD 500.00
  • Bahamas Bank Account (Remotely) – USD 500.00
  • Offshore Bank Account* (Remotely) – USD 300.00
  • Cayman Islands Bank Account (Remotely) – USD 900.00
  • Singapore Bank Account (In-person) – USD 900.00
  • Hong Kong Bank Account (In-person) – USD 1,200.00
  • Switzerland Bank Account (Remotely) – USD 1,200.00
  • Lithuania Bank Account (In-person) – USD 1,200.00
  • Latvia Bank Account (In-person) – USD 1,200.00
  • Poland Bank Account (Remotely) – USD 1,200.00
  • Liechtenstein Bank Account (Remotely) – USD 1,200.00
  • Luxembourg Bank Account (Remotely) – USD 1,200.00
  • Bulgaria Bank Account (In-person) – USD 1,200.00
  • Armenia Bank Account (Remotely) – USD 1,200.00
  • Turkey Bank Account (Remotely) – USD 1,200.00

*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.

Our Bank Account Opening Support Service includes:

  • Introduction to the Bank Manager
  • Bank Account Opening Process Management
  • Assistance and advice in filling out Business Questionnaires, KYC Forms and Bank Account Application Forms.
  • Certified Copies of Constitutional Documents
  • Corporate Seal
  • Introductions to Payment Processing and Merchant Account Providers

Our banking service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process

We include introductions to payment processors or merchant accounts with all of our bank account opening support services. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.

Nominee Services (Optional)

  • Nominee Director – USD 2,000.00 p.a. (including letter of indemnity and PoA)
  • Nominee Shareholder USD 2,000.00 p.a. (including deed of trust)

Accounting and Book-keeping Services (Optional)

  • Up to 100 transactions (per year) – USD 950 p.a.*
  • Next 100 transactions (per year) – USD 500.00 p.a.*
  • Quarterly VAT Returns + Recap Statements (up to 50 transactions per quarter) – USD 1,600.00

*Estimated costs. Price may vary according to the type of transactions, reporting frequency, account complexity, etc

Audit Services (Optional)

All Cyprus companies are required by law to have their annual accounts audited by a Certified Public Accountant in Cyprus. The following annual audit fees include the audit procedures, drafting the audit report and sign off by a Cyprus CPA.

  • Up to 25 transactions (per month) – ~USD 2,100 per year*
  • From 26 transactions to 100 transactions (per month) – ~USD 3,300 per year*
  • More than 100 transactions (per month) – +USD 4,700 per year

*Estimated costs. Price may vary according to the type of transactions, reporting frequency, account complexity, etc