Intelligent Solution Group > Services > Registration of a company in Cyprus (LTD)

Registration of a company in Cyprus (LTD)

Cyprus is an international financial centre offering a wide range of financial services.

Price: from € 5 990

The company registration process takes 1–1.5 months, provided that the necessary documents are submitted to us on time.

Setting up a company in Cyprus. Benefits:

the country is not on the ‘blacklist’ of global offshore jurisdictions;

Licenses obtained here are valid throughout the EU;

one of the lowest corporate tax rates in the European Union – 12.5%, and VAT – 0–19%;

more than 60 countries have signed a double taxation agreement;

the availability of tax incentives for investors;

remote initiation and management of business processes.

Cyprus is of interest to entrepreneurs in the following sectors:

IT companies
start-ups
holding companies
e-commerce

The European Union offers a favourable environment for international trade. For foreign companies, the most suitable legal form is a Private Limited Company (LTD).

Requirements

1

a registered office and a company secretary in Cyprus; a minimum of one director;
2

There are no residency requirements for directors, but it is recommended that a director be a resident of Cyprus; corporate directors are permitted; the minimum number of shareholders is one;
3

The standard authorised capital for a company in Cyprus is €1,000, but payment of the authorised capital is not required. It is possible to register a company with a higher authorised capital;

4

Cyprus maintains a public register of shareholders and directors. Information about companies in Cyprus is publicly available. Where nominee shareholders and directors are used, the true owner of a company in Cyprus cannot be identified.
5

Under Cypriot law, all companies registered in this jurisdiction are required to prepare and submit annual reports.

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Taxes in Cyprus

the corporate tax rate is 12.5%;
dividends paid to shareholders who are non-residents of Cyprus are distributed without withholding tax;
0% tax on capital gains from the sale of securities. A Cypriot holding company may receive dividends from other companies at a very low, and sometimes zero, income tax rate;
2% corporate tax on income from the management of intellectual property rights.

The stages of our work:

We examine the client’s case and business sector in detail.

We select and agree on a name for the future company.

We prepare all the necessary legal documents and submit them for registration.

We obtain the necessary documents and certificates to run a business.

We are registering with the relevant government departments and the tax authorities.

We can arrange a license if required.

We choose a bank based on our business needs.

We are preparing the documentation required to open a corporate bank account.

We submit an application and complete all the KYC procedures.

Open a bank account.

Additional services

paid separately

opening a bank account for a legal entity;
company renewal;
provision of a ready-made company;
issuing a LEVY certificate;
verification of the source of funds; setting up online banking;
making payments;
financial accounting reports;
recovery of funds from frozen accounts.

Can a Cypriot company be used to obtain a residence permit or permanent residence in Cyprus?

Yes, registering a company in Cyprus can be a step towards obtaining a residence permit. For example, if you are employed by your own company or act as its director, you may be eligible for a business visa or a residence permit. However, it is important to bear in mind the additional requirements under immigration law. We can arrange for an immigration consultant to assist with this process.

Do you provide ongoing support for companies after registration, including bookkeeping, auditing and license renewals?

Yes, we provide a full range of post-registration services: bookkeeping, the preparation and submission of financial statements, support with the annual audit, renewal of the registered office address and secretarial services, as well as updating details in government registers. We notify clients in advance of submission deadlines and collect the necessary documents.

Which banks are most likely to approve the opening of an account for a Cypriot company, and is it possible to complete the process remotely?

We work with a number of Cypriot and international banks, including the Bank of Cyprus and Hellenic Bank, as well as European fintech companies. Depending on your business profile, we will select a suitable bank and prepare the necessary documents for the compliance check. In most cases, it is possible to open an account remotely — without visiting Cyprus. We support you at every stage, including the KYC interview.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.