Cyprus Company Formation – Register Your Company in 8–10 Days
Corporate Tax 15%
Tax exemptions for Owners
Low maintenance fees
Registration in 8 days
Cyprus company formation is one of the fastest and most efficient ways to establish a business within the European Union. With a streamlined process that takes only 8 to 10 days, entrepreneurs and international businesses can register a company in Cyprus quickly, remotely, and with full legal compliance. The entire process can be completed without visiting Cyprus, making it ideal for startups, digital businesses, and global entrepreneurs.
- Register your company in Cyprus without travelling
- Obtain your Cyprus tax ID and benefit from low corporate taxation
- Operate globally with a fully compliant Cyprus company
- Cyprus bank account opening in approximately 5 days
- Fast and simple process with minimal paperwork
Cyprus company formation is one of the fastest and most efficient ways to establish a business within the European Union. With a streamlined process that takes only 8 to 10 days, entrepreneurs and international businesses can register a company in Cyprus quickly, remotely, and with full legal compliance.
The entire process can be completed without visiting Cyprus, making it ideal for startups, digital businesses, and global entrepreneurs.
register a company without traveling to cyprus
Operate globally with a fully compliant Cyprus company
Cyprus bank account in approximately 5 days
Simple process with minimal paperwork
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CYPRUS COMPANY FORMATION.
WHAT YOU NEED TO KNOW TO START?
Cyprus Company.
The main types of Cyprus Registered Companies
Private Limited Company (LTD)
A Private Limited Company (Ltd) is the most popular business structure in Cyprus. Key features:
- Minimum 1 shareholder, maximum 50
- Liability limited to subscribed share capital
- Requires at least 1 director and a company secretary
- Registered office address in Cyprus mandatory
- Beneficial owner privacy through nominee arrangements
Public Company
Public Limited Companies (PLC) require a minimum of 7 founder members. They can invite the public to subscribe to shares or debentures, with no restrictions on share transfers. Suitable for larger enterprises seeking public investment.
Branch
Any company established outside Cyprus can create a legal presence by forming a branch (overseas company). Required documents include certified constitutional documents, director/secretary details, and a Cyprus-resident authorized representative. Annual financial statements must be filed. EU-based corporations may qualify for filing exemptions.
S.E ( European Company)
The European Company (Societas Europaea – SE) structure enables cross-border operations within the EU. An SE can be established through merger, holding company, subsidiary, or conversion. This structure allows companies to relocate their registered office between EU Member States without dissolving in the original jurisdiction.
Uses of Cyprus Registered Companies.
How can i use my Cyprus Company?
A Cyprus registered company can be used in various ways supporting the needs of the company’s operations. Cyprus registered companies can have activities related to:
- Imports/exports
- Services providers
- Online shops & e-commerce
- Tech Start-Ups
- Finance companies
- Shipping companies (Merchant Shipping)
- Property Holdings
- Investment Companies
- Holding companies
- Intellectual Property Holding
Registration Time of a Cyprus limited Company.
It takes 8-10 working days to have your company registered in Cyprus.
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Registration Requirements.
General Requirements
To establish a company in Cyprus, the following steps and information are required:
- Company Name Approval from the Registrar of Companies
- Memorandum and Articles of Association describing company objectives
- Share Capital Details — a common structure is €1,000 divided into 1,000 shares of €1 each
- Beneficial Owners’ Information — names, addresses, passport details, and shareholding proportions
- Directors and Secretary Details — minimum 1 director, 1 company secretary mandatory
- Registered Office Address in Cyprus
- Anti-Money Laundering Compliance — KYC questionnaire, passport, proof of address, bank reference
Do i need a Cyprus address for my company?
Yes, you need a registered address in order to setup a company in Cyprus. Our firm has the capacity to help you find an office space, without the need for you to look around.
What is the minimum share capital required?
There is no minimum requirement of shares capital to start your Cyprus company.
What are the documents needed from the shareholders?
The documentation needed to register your company are:
- A certified copy of Passport or ID
- A certified copy or an original utility bill, as a proof of address.
- A reference letter from a bank institution, lawyer or accountant for the good standing of the beneficial owners.
- A questionnaire provided from KTC Business Consultants.
- A recent CV
- Last year’s tax return
Do i need to visit Cyprus to set-up a company?
No, you don’t need to visit Cyprus in order to register your company. Everything can be arranged from your country and we can take care of it. Our experts will communicate and advice you via email or a skype conference and then sent you the paperwork to be signed.
Fees and Obligations.
Company Annual Levy Fee - Now Abolished
The annual levy fee of €350 has been abolished. For a full overview of ongoing compliance requirements, see our post-formation compliance guide.
What are the legal obligations of a Cyprus registered company?
Key legal obligations of a Cyprus registered company:
- Annual Reports and Audited Financial Statements submitted to the Registrar within 28 days after fiscal year end
- At least one Directors’ meeting per year (first meeting within 18 months of registration)
- Tax registration and TIN within 60 days of incorporation
- Annual tax return filed within 15 months following year end
- Tax paid in three installments (31 July, 31 December, 30 June)
- Mandatory accounting records and audited financial statements
Taxation.
What is the tax rate of a Cyprus company?
The corporate tax rate is 15% as of 1 January 2026. For details on all changes, see our 2026 tax reform guide.
Are there any additional taxes i should know?
No there are no any extra taxes.
What would be the tax rate if my company employ only myself?
This depends on the paid salary you will receive from your company. If you earn less than €22.000
You have no tax obligation.
How i will be taxed on my income in any of the below cases?
1. Cyprus Tax resident, director and employee of the company.
Taxed on worldwide income if is over €22.000
2. Non-Cyprus Tax resident, director and employee of the company.
Taxed only on Cyprus income if is over €22.000
3. Cyprus Tax resident, director, employee and a shareholder of the company.
Taxed on worldwide income if is over €22.000 Dividends are exempted from income tax and Cy withholding tax, but will pay National Health Insurance Scheme on 2.65% from 01/03/2020
4. Non-Cyprus Tax resident, director and shareholder of the company.
Taxed only on Cyprus income if is over €22.000 Dividends are totally exempted from Cyprus.
Tax Advantages of Cyprus company.
A Cyprus company offers multinational corporations a flexible and efficient structure due to its favorable tax regime, which allows for reduced global tax liabilities and various exemptions and deductions on income and expenditures.
Special tax treatments are available for companies involved in maritime activities or intellectual property holdings. Additionally, holding company structures in Cyprus can help international organizations lower tax and operational costs.
- Corporate tax rate at 15% on profit
- Dividend participation exemption
- Exemption on disposal of securities (e.g. shares, bonds, debentures)
- Notional interest deduction for investments into Cyprus companies
- More than 60 double tax treaties
- No capital gains tax (exceptions for real estate apply)e in Cyprus or shares of company holding real estate in Cyprus to the extent gains is attributable to the real estate holding)
- Tonnage tax for shipping companies
- No succession taxes
- Attractive IP regime
Board of Directors.
A Cyprus registered company has to have Director(s) , Shareholder(s) and a Secretary stated.
Do company directors need to be residents in Cyprus?
At least one director has to be tax resident and annual meetings have to be held in Cyprus.
Can i have a single director for my Cyprus Company?
Yes you can.
Who can act as a secretary?
Anyone.
Who can act as a company director?
Any person from Cyprus or abroad that has no criminal record.
Employment.
It’s easy to employee staff in Cyprus. Cyprus has one of the most educated labor force in Europe.
Our firm can assist you and advice on the recruiting process.
Can I hire a non-Cypriot resident to work for my company?
Yes. In the case of an EU citizen he has to visit Cyprus and obtain the yellow slip permit. If is a third country national (outside of CY/EU) then the application of visa is required and different employment criteria according to the Cyprus Department of Labour.
What is the minimum salary allowed by the law?
The minimum wage in Cyprus is 870 Euro gross and after the continuous employment from the same company goes to 924 Euro. The hourly rate varies depending on the job profile starting from 4,55
What is the monthly insurance fee for the salaried personnel?
The total insurance fee is 20.3%. The fee of 12% is employer’s responsibility and the rest of 8.3% is paid by the employee. Employer’s contributions include the Social Insurance Fee (8.3%), Redundancy Fund (1.2%), HR Development Authority Fund (0.5%) and lastly the Social Cohesion Fund (2%). Please note that these numbers may change year after year according to the Social Insurance Department.
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Banking and account for cyprus company.
Open company in Cyprus with bank account with KTC as a Licensed introducer
Bank account opening in Cyprus is a critical step for operating your business efficiently and compliantly. At KTC Business Consultants, we specialize in bank account opening for Cyprus company structures, offering a fast, smooth, and fully guided process from start to finish.
As an Approved Bank Introducer, KTC Business Consultants handles the full AML and KYC profile preparation and pre approval before submission to the bank. This significantly increases approval rates and reduces delays, ensuring your Cyprus company with bank account is ready to operate without unnecessary complications.
Our direct cooperation with Cyprus banks allows us to manage the process professionally, remotely, and with strict compliance, saving you time while ensuring full regulatory acceptance.
How many days it takes to open up a bank account?
Takes approximately 3-5 working days from the day the signed documents from beneficial owners are delivered to the bank.
What is the paperwork needed to open up a company bank account?
- Company certificates (Shareholders certificate, registered office, Incorporation certificate, Directors and secretary certificate)
- Memorandum and Articles of association
- Identification documents of the beneficiary person (Id, Passport and proof of permanent address)
Can i open a bank account without being a Cyprus resident?
Yes you can open a corporate bank account.
Do I get a card when opening a bank account?
Yes, connected to the company’s bank account.
Are there any annual fees for the card?
Yes, but depends on the card type. ie Mastercard, Visa
Can I open a personal account as well?
Yes, if relevant information is provided.
Are there any fees when receiving payments in my company’s account?
Depends from the bank fee’s policies.
What are the obligations or fees of the company towards the bank?
Fees depend from the bank policy. Usually banks charge from €500 – €800 per year. A company is obliged to provide all requested information to the bank such as activities, owners, clients and customers.
frequently asked questions
What are the main tax benefits of a Cyprus registered company?
- Profits from the disposal of equity securities are exempt from taxation
- Profits from a permanent business abroad are fully exempt from corporate taxation under certain conditions
- Dividend income received in Cyprus by a foreign company is fully exempt from tax in Cyprus, under certain conditions
- Interest income derived from commercial activities, including interest related to commercial activities is subject to income tax of 15%
- No tax is withheld on dividends and interest paid to non-residents of Cyprus. Also, no tax is withheld on royalties from sources outside Cyprus
- Group tax reliefs apply for companies based in Cyprus
- Reorganizations, mergers, acquisitions and mergers of companies have no tax implications
- Capital gains are not subject to taxation except in the case of the sale of immovable property located in Cyprus
- Extensive network of agreements to avoid double taxation with other countries
How much is the minimum shared capital for a Cyprus Company?
There is no minimum or maximum limit of the shared capital of Cyprus company?
What information and documentation is needed for a Cyprus Limited company to be registered?
For Shareholders:
- Name/Surname
- Address of residence or Business address
- Date of birth
- Nationality
- Occupation
- Information related to current or past business activities, source of income and relevant proof (ex. financial reports of shareholder’s current company)
- Number of shares of the shareholder
For the new company:
- Description of the activities of the new company
- Two or three alternative name options for the new company
Is my presence in Cyprus mandatory for my company to be registered?
No, you don’t need to be personally in Cyprus to register your company.
What are the board members obligations of a Cyprus registered company?
The operations of the company are handled by the advisors – who exercise all the powers of the company with the exception of the powers that either the Companies Law or the company’s Articles of Association require to be exercised by the company in a general meeting.
The directors of the company are legally responsible for the management of the company, and for keeping the accounting books which are mandatory for the preparation of the annual financial statements. At the same time, the directors are responsible for the submission of the company’s tax declaration and the execution of all operations related to the submission and payment of the imposed tax.
The company secretary shall be appointed by the directors for a period, remuneration and terms as they may think fit.
It is noted that the board members and the secretary are responsible for the submission of the relevant documents and notes regarding the updating of the company on the Companies registry.
What additional actions are required after a company is formed?
A.Registration in Tax Department and issuance of Tax Identification Number within a month.
B.Registration of the company in the UBO registry (Ultimate Beneficial Owner) within a month.
Who has the responsibility against the Cyprus republic authorities?
The company director.
What is the procedure to open a corporate bank account in Cyprus?
Our office completes the bank account opening applications and mails them to the shareholders for signature. Upon receipt of the original signed application,a video conference will be held with the bank personnel within 5 working days and then the bank account will be opened.
Is my presence in Cyprus mandatory for the opening of a corporate bank account?
No is not.
How do I deliver the accounting related documentation to my accounting and tax advisors?
As soon as someone becomes a customer, a dedicated cloud folder is shared along with instructions for the filing of the accounting information.
Frequently Asked Questions
Have all your questions about Cyprus Company are answered here.
Frequently Asked Questions
Have all your questions about Cyprus Company are answered here.
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