Cyprus Company Formation Prices
Self-Managed Cyprus LTD from 1070 € + VAT
Cyprus Company Formation Prices
Self-Managed Cyprus LTD
€ 1070 .00
+ VAT- Cyprus company formation
- One company name approval
- A set of Registry-certified documents
- Registered office address for the first year
- Resident secretary service for the first year.
- Corporate Seal
- Registration with the Cyprus Tax Department
-
Filing of Memorandum and Articles of Association in English
Cyprus Managed Holding Company
€ 1570 .00
+ VAT- Cyprus company formation
- One company name approval
- A set of Registry-certified documents
- Registered office address for the first year
- Resident secretary service for the first year.
- Corporate Seal
- Registration with the Cyprus Tax Department
- Filing of Memorandum and Articles of Association in English
Managed Trading/services Company
€ 1870 .00
+ VAT- Cyprus company formation
- One company name approval
- A set of Registry-certified documents
- Registered office address for the first year
- Resident secretary service for the first year.
- Corporate Seal
- Registration with the Cyprus Tax Department
- Filing of Memorandum and Articles of Association in English
- Corporate directorship service for the first year.
- Registration with the Cyprus VAT/VIES department.
Cyprus Company + Non-Dom Package
€ 2620 .00
+ VATCyprus company formation.
One company name approval.
A set of Registry-certified Memorandum and Articles of Association and first Certificates:
Certificate of incorporation
Certificate of registered address
Certificate of directors and secretary
Certificate of shareholders and share capital
Registered office address for the first year
Resident secretary service for the first year
Corporate Seal
Registration with the Cyprus Tax Department
Filing of Memorandum and Articles of Association in English
Express incorporation fee
Bank account opening
Assistance with personal registration with the Civil Registry and Migration Department
Registration of company and employee with the social insurance authorities
Personal registration of employee with the Cyprus tax office.
Non Domicile Certificate.
Online instant setup
This package is designed for clients who operate companies by themselves as company directors and shareholders. A basic setup with minimum mandatory services.
You can custom-configure your Cyprus LTD in any way you need!
Includes the following
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
certificate of incorporation; certificate of registered address; certificate of directors and secretary; certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Total package fee including VAT: € 1150.75
The annual administration fees for this package, starting from the second year would start at € 1000. This includes the mandatory registered address and secretary service, preparation of company’s annual return with the registrar, preparation of yearly minutes for Annual General Meeting, preparation of annual UBO register declaration and annual compliance fee.
(!) All Cyprus companies are required to prepare accounting records and audited financial statements. Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
(!) Total annual administration fees indicated are exclusive of VAT (19%).
This package is designed for clients who passively hold shares, portfolios, other personal assets, does not engage in active trading or services business and require Cyprus based directorship services but not registration with the VAT authorities.
Includes the following
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
certificate of incorporation; certificate of registered address; certificate of directors and secretary; certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Corporate directorship service for the first year.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Total package fee including VAT: € 1745.75
The annual administration fees for this package, starting from the second year: € 1500. This includes the mandatory registered address and secretary service, director service fee, preparation of company’s annual return with the registrar, preparation of yearly minutes for Annual General Meeting, preparation of annual UBO register declaration and annual compliance fee.
(!) All Cyprus companies are required to prepare accounting records and audited financial statements. Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
(!) Total annual administration fees indicated are exclusive of VAT (19%).
This package is designed for those clients who actively trade or provide services globally and require Cyprus based directorship services and registration with the VAT authorities.
Includes the following:
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
certificate of incorporation; certificate of registered address; certificate of directors and secretary; certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Corporate directorship service for the first year.
- Registration with the Cyprus Tax Department.
- Registration with the Cyprus VAT/VIES department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
Total package fee including VAT: € 2102.75
The annual administration fees for this package, starting from the second year: € 1500. This includes the mandatory registered address and secretary service, director service fee, preparation of company’s annual return with the registrar, preparation of yearly minutes for Annual General Meeting, preparation of annual UBO register declaration and annual compliance fee.
(!) All Cyprus companies are required to prepare accounting records and audited financial statements. Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
(!) Preparation and submission of VAT return-per quarter from € 200. Preparation and submission of VIES return-per month from € 50 (if applicable).
(!) Total annual administration fees indicated are exclusive of VAT (19%).
Note: VAT in majority of cases can be claimed back when company is registered with VAT Department.
This package is designed for EU citizens who wish to combine corporate tax efficiency with personal tax benefits. As a resident enjoy a 17-year exemption on personal income tax, dividends, and capital gains.
Includes the following :
- Cyprus company formation.
- One company name approval.
- A set of Registry-certified Memorandum and Articles of Association and first Certificates:
- certificate of incorporation;
- certificate of registered address;
- certificate of directors and secretary;
- certificate of shareholders and share capital.
- Registered office address for the first year.
- Resident secretary service for the first year.
- Corporate Seal.
- Registration with the Cyprus Tax Department.
- Filing of Memorandum and Articles of Association in English.
- Express incorporation fee.
- Bank account opening.
- Assistance with personal registration with the Civil Registry and Migration Department.
- Registration of company and employee with the social insurance authorities.
- Personal registration of employee with the Cyprus tax office.
- Non Domicile Certificate.
Total package fee including VAT: € 2995.25
The annual administration fees for this package, starting from the second year would start at:
- For the Company :€ 1000. This includes the mandatory registered address and secretary service, preparation of company’s annual return with the registrar, preparation of yearly minutes for Annual General Meeting, preparation of annual UBO register declaration and annual compliance fee.
- For the Individual : From € 1500. This includes preparation of monthly payroll returns, preparation of yearly payroll return of the company, preparation of yearly personal tax return.
(!) All Cyprus companies are required to prepare accounting records and audited financial statements. Our fees can be agreed in advance depending on the activities, volume and complexity of transactions.
(!) Total annual administration fees indicated are exclusive of VAT (19%).
*This package is intended for EU citizens only.
To establish personal tax residency in Cyprus, the following conditions must be met:
- Reside in Cyprus for either a minimum of 183 days or at least 60 days under specific circumstances.
- Enter into a personal lease agreement for accommodation in Cyprus.
- Demonstrate significant ties to Cyprus, particularly if applying under the 60-day rule. This may include owning a Cyprus-based company, being employed in Cyprus, or holding a directorship position.
In addition to the above, there will usually be other costs and
disbursements.
ATTENTION! Some incorporation agents tend to conceal,
delay and mislead about the full extent of additional charges and costs.
These are only revealed later, once the client has already committed.
Often, such “surprise” items are also overpriced.In contrast, we believe
in honesty and want You to take a fully educated decision.The following
are the most common additional costs, fees and charges (at our rates),
explained in detail. When comparing alternative offers, please make sure
to account for all of these.
| Service | Cost | Details |
|---|---|---|
| Name-approval fee | €50 | The Registrar actually charges a fee to officially approve that a desired company name can be used. We must file a specific application for name approval. One name-approval is included in our standard registration price. |
| Compliance fees | €0 to €300 | The anti-money laundering laws require that all agents fully identify their new clients and evaluate a lot of information prior to accepting them. This is the most time-consuming part of the entire registration process. It becomes especially burdensome for company registrations involving multiple owners and complex control structures. To compensate for this, it is not uncommon to charge a ‘compliance fee’. The compliance fee will normally be omitted for simple, single-owner structures. |
| Apostille legalization of full set of Certificates | €150 | A full set of official copies of your incorporation documents, with a cover letter certified and legalized by Apostille. Very useful, if the documents must later be presented outside Cyprus. |
| Courier delivery costs | From €50 | Unless You trust the speed and reliability of regular post, sending the corporate file by courier mail is usually a good idea. |
| Value added tax | 19% | Most professional services in Cyprus will incur a 19% VAT. This will normally be charged on top of your bill. VAT does not apply to all government fees and to operations with shares. |
These the most common optional services. You may or may not need them, depending on your objectives, company structure and business circumstances.
| Cyprus-resident company director (corporate body) | €500 | If the new company wants to prove its tax-residence and management in Cyprus, having a Cyprus-resident director is practically a must. Corporate directors are allowed and often used. Annual fee. |
|---|---|---|
| Cyprus-resident company director (physical person) | €1000 | Same as above, but provided by a licensed physical individual. A more natural and more elegant setup. Annual fee. |
| Nominee shareholders | €300 | Company shareholder data is on public registry in Cyprus. This service shields that information. If ownership privacy is not a concern, this service is not needed. Annual fee. |
| Certificate of Good Standing | €100 | A standard document evidencing continued existence of the company. May be asked from time to time by the bankers. Not needed at time of incorporation. |
| Certificate of Incumbency | €100 | Also a standard document that describes the structure and functionaries of the company. May be required from time to time in certain business situations. |
| Corporate bank account introduction in Cyprus | €500 | Assistance with the application and opening of the company bank account in Cyprus. Lots of paperwork, complex forms and tricky questions. Professional assistance is recommended, but by no means obligatory. |
| Bank account signatory | €300 | For various tax and regulatory reasons, a company bank account should better be operated by the company director. If directorship services are employed, this is a necessary option. Operation of bank accounts by the foreign owner based on a power of attorney is an out-dated practice, which may cause serious personal tax problems. |
| Annual bank introducer fee | €150 | Applicable only to bank relationships established within Cyprus. Banks require joint compliance of the introducing agent in respect to their customer. Effectively, an annual responsibility fee. |
| VAT Registration | €300 | This is optional and only necessary for companies that actively trade in goods or services that are |
All active Cyprus companies must keep full books and records, conduct proper accounting, prepare and file tax returns and pay actual tax as and when applicable. Unlike traditional offshore IBC’s, Cyprus companies are, by and large, tax-resident in their country of registration (i.e. Cyprus) and subject to its domestic fiscal regulations. In particular, Cyprus companies must produce audited financial statements on an annual basis.
Fidesta provides qualified accounting and book-keeping services to its corporate clients, which also includes preparation and filing of all applicable tax returns and professional advice on tax matters.
As a general rule, the accounting fees are directly proportionate to the time required for a qualified professional accountant to evaluate, process and book all the actual transactions of a company, all while using the most efficient technology in terms of hardware and software. Therefore, generally speaking, the actual accounting and book-keeping fees will depend on the volume of business, but even more on the complexity and structure of transactions and how tax applies to such transactions. For example, it may be easier to process and book a large volume of similar online sales transactions than to properly assess and book one complex long-term derivatives-trading contract. The following is just a guidance.
| General accounting and book-keeping fees | €500 | Starting fee, typical for a personal holding company with simple balance sheet structure and minimal transactions. The fees can be significantly higher for actively trading businesses with large volume and/or complex transactions. Actual disbursements and execution fees may be charged extra. |
|---|
By definition, annual audit must be conducted by an independent outside auditor, who has the appropriate legal qualifications. Audited financial statements must be prepared for all active Cyprus companies and must be filed on annual basis with the Cyprus registrar of companies and Cyprus tax authority.
As it must be independent, the annual audit is not and can not be conducted by Fidesta. This service is contracted to a reliable third-party audit firm. The following is just a guidance.
| Annual audit fees | €600 | Typical fee for conducting the annual audit and preparation of audited financial statements for a private holding company with modest amount of transactions. The fees can be significantly higher for complex, actively trading businesses. |
|---|
We do not insist on contracting any particular auditors and our clients are free to choose their audit service provider on open market. We do not and will not discriminate against any of our clients based on their decision to outsoure the audit services to a different service provider.