Company registration in Cyprus

Cyprus is one of the few jurisdictions suitable for both small and large IT enterprises. Since joining the European Union in 2004, it has signed double taxation treaties with over 40 countries. By registering in Cyprus, entrepreneurs can enjoy all the benefits of a European business and obtain an internal VAT number. Additionally, business setup can grant residency to all directors & their family members.

Choosing a business structure in Cyprus

When planning to start in Cyprus, selecting a structure that best suits your operations is vital. The most common option is the LTD, which protects owners’ assets and offers simple management rules.

Consider a public PLC, partnership, or branch setup for larger enterprises or firms aiming for a stock market listing. Our material on Cypriot businesses provides more detailed information.

Documents required for business registration in Cyprus

For each individual associated with the business (Beneficiary, Director/Secretary, Shareholder, Trustee), the following must be provided:

Passport/ID (preferably an international passport) notarized, audited, or certified by a bank
Proof of address (utility bill)
Bank reference letter
Signed and dated resume
Completed client form (KYC)

Steps for starting a business in Cyprus

Initial consultation with Finevolution specialists to determine company structure

Company registration with the Registrar and signing of the Indemnity Letter by the beneficiary

Name selection and verification; approval by the Registrar

Apostille of company documents obtained from the Registrar (4 certificates and memorandum)

Completion and signing of KYC forms; providing due diligence documents for the beneficiary & signatory

Preparation of additional documents (trust declarations, notarized powers of attorney, etc.)

Agree on business structure (directors, shareholders, secretary & address)

Tax ID registration and opening a payment system or bank account

Initial consultation with Finevolution specialists to determine company structure

Name selection and verification; approval by the Registrar

Completion and signing of KYC forms; providing due diligence documents for the beneficiary & signatory

Agree on business structure (directors, shareholders, secretary & address)

Company registration with the Registrar and signing of the Indemnity Letter by the beneficiary

Apostille of company documents obtained from the Registrar (4 certificates and memorandum)

Preparation of additional documents (trust declarations, notarized powers of attorney, etc.)

Tax ID registration and opening a payment system or bank account

Order consultation

Legal consultations for business

A tailored approach to every case

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Opening a payment account for business

Choosing a modern NEObank payment account for business

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VAT consultations in Europe

Our team will be glad to help with VAT issues

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Registration timeline

The complete process typically takes 1 to 2 months. Registration timelines may be extended if the process starts during national holidays.

What’s included in the Cyprus registration package?

The Cyprus company registration package includes:

Business registration (with 19% VAT)
Document package in English with apostille
KYC procedure for one founder
Power of attorney for limited actions without apostille (or with apostille)
Courier delivery of documents
Beneficiary registration in the electronic register one month after company setup
Tax Department registration
Accounting costs are determined after technical assessment

Basic taxation for Cypriot companies

Holding companies receive dividends from subsidiaries, with key tax details as follows:

Corporate income tax on dividend-receiving companies is 12.5%, applicable only if the company earns passive investment income
0% tax if the income is from active subsidiaries
0% tax on dividend payments
Standard VAT rate is 19%, with reduced rates of 5% and 9% applicable in some cases
Dividend payments to individual Cypriot tax residents are taxed at 0%
Dividend payments to non-resident individuals are 0% in Cyprus, plus personal income tax in their country of residence
IP Box regime in Cyprus

Auditing and reporting for Cypriot companies

Every Cypriot company must prepare & submit annual financial statements, subject to audit, regardless of business activity. Independent auditors or firms conduct audits.

Financial statements filed are publicly accessible after payment of a fee. In addition, Cypriot companies must submit an annual return to the Registrar, updating key setup details such as address, directors, shareholders, and share capital.

VAT registration is mandatory if annual taxable transactions in Cyprus or EU countries exceed €15,600. VAT returns and tax payments are made online through the TAXISnet portal.

Our team is ready to provide business & legal consultations, prepare all necessary documents, and complete the registration. Business Hours: Monday to Friday, 9:00 AM — 7:00 PM. Contact us via WhatsApp, Telegram, or Viber, or submit an inquiry through our online form.

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