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Register a company in Cyprus
Company incorporation, bank accounts, accounting services in Cyprus
Registration packages
Services
Essential
Standard
Premium
Company registration (Ltd.)
Annual registered address
Notary services and company seal
Resident shareholder services for 1 year
Resident director services for 1 year
Corporate bank account
Accounting services
Start your company in Cyprus
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How you can register a company in Cyprus with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Cyprus
The Republic of Cyprus is an island country located in the eastern Mediterranean Sea. Cyprus has a territory of 9,251 square kilometers. Cyprus has access to the Mediterranean Sea. The nearest neighbors of Cyprus are Egypt, Greece, Syria and Turkey. The capital city of Cyprus is Nicosia, the largest city and the location of key government institutions. Cyprus has a population of 1,25 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 12.5%. Tax returns are filed on an annual basis. Advance income tax payments are made on a biannual basis
- Dividend withholding tax - 0%. A Special Contribution to the Defence Fund (Defence Tax) at a rate of 17% is withheld from dividends paid (or deemed to be paid) to resident and domiciled individuals.
- Interest withholding tax - 0%. A Special Contribution to the Defence Fund (Defence Tax) at a rate of 30% is withheld from interest paid to resident companies and resident and domiciled individuals, if the interest is either not considered to arise in the ordinary course of business of the recipient.
- Royalties withholding tax - 0%/5%/10%
- Capital gains tax - 20%
- VAT - Standard tax rate 19% or reduced rates from 0% and 9% or tax exempt. Tax returns are filed on a quarterly basis
- Personal income tax - from 0% up to 35%.
The following are the most common types of companies to incorporate a company in Cyprus as:
- Private company limited by shares
- Private company limited by guarantee (with or without share capital)
- Public limited company
- Variable capital investment company
- General partnership
- Limited partnership
- European company (Societas Europaea)
- Branch.
- Individuals or legal entities that are intending to register a company in Cyprus can be resident or non-resident in Cyprus.
- A resident or a non-resident individual can be a company director in Cyprus. It is not required to set up a company in Cyprus with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Cyprus if such company is incorporated as a Ltd. (a private limited company). An individual shareholder cannot simultaneously become a director of this company.
- It is required to create substance (office space, company secretary) in Cyprus in order to establish a company in Cyprus or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Iceland as a Ltd. (a limited liability company) is EUR 1.
- Ltd. registration takes between 7 and 12 business days with the bank account taking up to 15 business days.
- Details of company founders, shareholders and directors after company registration in Cyprus is complete is publicly available in the state corporate register.
- With our service you can register a company in Iceland remotely upon a power of attorney.
Official currency of Cyprus is euro (EUR).
Cyprus has an open high-income free market and service based economy with dynamic services, industrial and agricultural sectors, as well as light manufacturing and an advanced physical and social infrastructure. Cyprus promotes its geographical location as a bridge between East and West, along with its educated English-speaking population, moderate local costs, good airline connections, and telecommunications.
The services sector, including tourism, contributes almost 74% to GDP and employs more than 70% of the labor force. The business services sector remains the fastest growing sector of the economy, and had overtaken all other sectors in importance. Tourism is an important factor of the island state's economy, culture, and overall brand development.
Industry and construction account for approximately 12.8% of GDP and labor, while agriculture is responsible for 1.78% of GDP and 8.5% of the labor force. Trade is crucial to the economy of Cyprus, because the country is not self-sufficient in food and until the recent offshore gas discoveries had few known natural resources. Cyprus must import fuels, most raw materials, heavy machinery, and transportation equipment. It is suggested that more than 2.831 trillion cubic metres of reserves lie untapped in the eastern Mediterranean basin between Cyprus and Israel.
Cyprus constitutes one of the largest ship management centers in the world; around 50 ship management companies and marine-related foreign enterprises are conducting their international activities in the country while the majority of the largest ship management companies in the world have established fully fledged offices on the island.[51] Its geographical position at the crossroads of three continents and its proximity to the Suez Canal has promoted merchant shipping as an important industry for the island nation.
The GDP of Cyprus grew by 6.6% in 2021 and amounted to USD 27.7 billion.
In terms of foreign trade the largest exports of the country are ships, yachts, petroleum oils and oils from bituminous materals, cement medicaments, cheese and curd, odoriferous substances, electrical resistors, potatoes, dairy products, organic chemicals.
Imports of Cyprus consist of oil, petroleum products, plastics, iron and steel, machinery and equipment, cars and vehicles, electrical equipment, consumer goods, furniture, food products, textiles.
Primary trading partners of Cyprus are Greece, Lebanon, Marshall Islands, British Virgin Islands, Lybia, Liberia, Spain, Norway, Germany, United Kingdom, Netherlands, Belgium and South Korea.
Cyprus has an open high-income free market and service based economy with dynamic services, industrial and agricultural sectors, as well as light manufacturing and an advanced physical and social infrastructure. Cyprus promotes its geographical location as a bridge between East and West, along with its educated English-speaking population, moderate local costs, good airline connections, and telecommunications.
The services sector, including tourism, contributes almost 74% to GDP and employs more than 70% of the labor force. The business services sector remains the fastest growing sector of the economy, and had overtaken all other sectors in importance. Tourism is an important factor of the island state's economy, culture, and overall brand development.
Industry and construction account for approximately 12.8% of GDP and labor, while agriculture is responsible for 1.78% of GDP and 8.5% of the labor force. Trade is crucial to the economy of Cyprus, because the country is not self-sufficient in food and until the recent offshore gas discoveries had few known natural resources. Cyprus must import fuels, most raw materials, heavy machinery, and transportation equipment. It is suggested that more than 2.831 trillion cubic metres of reserves lie untapped in the eastern Mediterranean basin between Cyprus and Israel.
Cyprus constitutes one of the largest ship management centers in the world; around 50 ship management companies and marine-related foreign enterprises are conducting their international activities in the country while the majority of the largest ship management companies in the world have established fully fledged offices on the island.[51] Its geographical position at the crossroads of three continents and its proximity to the Suez Canal has promoted merchant shipping as an important industry for the island nation.
The GDP of Cyprus grew by 6.6% in 2021 and amounted to USD 27.7 billion.
In terms of foreign trade the largest exports of the country are ships, yachts, petroleum oils and oils from bituminous materals, cement medicaments, cheese and curd, odoriferous substances, electrical resistors, potatoes, dairy products, organic chemicals.
Imports of Cyprus consist of oil, petroleum products, plastics, iron and steel, machinery and equipment, cars and vehicles, electrical equipment, consumer goods, furniture, food products, textiles.
Primary trading partners of Cyprus are Greece, Lebanon, Marshall Islands, British Virgin Islands, Lybia, Liberia, Spain, Norway, Germany, United Kingdom, Netherlands, Belgium and South Korea.
Foreign entrepreneurs expand to Iceland and seek to incorporate a company in Cyprus in order to conduct business in the following sectors:
- financial services
- investment funds
- wholesale and retail trade
- energy
- R&D
- IT
- renewable energy
- tourism and hospitality
- healthcare
- shipping and maritime industry
- real estate.
Benefits of registering a company in Cyprus
- Business climate
- Access to EU markets
- Access to the Mediterranean Sea allows to establish a maritime trade
- Open economy
- Stable economic growth
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives- No dividend withholding taxation
- No interest withholding taxation
- Notional interest deductions on corporate equity
- Audiovisual tax exemption
- Double tax treaties with several jurisdictions
Ease of doing business- Minimum share capital requirement for a Ltd. company is EUR 1
- No foreign exchange controls
Register your company in Cyprus
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