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!

Details

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.

Details

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.

Details

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.

Details

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:

1. 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.
2. 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.

These the most common optional services. You may or may not need them, depending on your objectives, company structure and business circumstances.

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.

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.

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.