Company Registration in Cyprus – An Overview

Aspect Details
Cost The cost of registering a company in Cyprus start from US$ 1599
Timeline The company registration in Cyprus usually takes about 5 to 7 business days
Benefits Benefits of company registration in Cyprus include the following:
  • Strategic Location
  • Favourable Tax Regime
  • VAT rate to boost profitability
  • EU Membership
  • Skilled Workforce
  • Investor-Friendly Policies
  • Advanced Infrastructure
  • Growing Sectors
  • High Quality of Life
Types Types of company formation in Cyprus include the following:
  • Private Limited Liability Company (LLC or Cyprus Ltd)
  • Public Limited Liability Company (PLC)
  • Branch of a Foreign Company
  • Partnerships
  • Cyprus Foreign Interest Company
Documents Documents required for company formation in Cyprus include the following:
  • Company Name Approval Certificate
  • Utility Bill
  • Passport Copies - Shareholders & Directors
  • Business Plan
  • Bank Reference Letter
Top Businesses for Foreign Some of the top businesses for foreign entrepreneurs for business registration in Cyprus include the following:
  • Adventure and Eco-Tourism
  • Cybersecurity Solution Providers
  • Language Training Institutes
  • Wellness and Fitness Centers
  • Olive Oil Production Units
How can we help you?
  • Helping Reserve the Unique Business Name
  • Assistance with Document Preparation
  • Assistance with Bank Account Opening
  • Handling Tax and VAT Registrations
  • Best Company Formation Services in Cyprus
  • Continued Post-Incorporation Support
  • Cyprus Company Incorporation Services

Tax Perks - 12.5% Corporate Tax, 0% on Dividends, Securities Profits & more in Cyprus!

Contact now to learn more about quick company registration in Cyprus.

Cyprus company

Understanding Company Registration in Cyprus

The Republic of Cyprus, better known as Cyprus, is a beautiful island nation located in the eastern Mediterranean Sea. Cyprus is headed towards an economic boom, and its GDP is set to hit $37.69 billion by the end of 2025. A per capita of $40,551.73, Cyprus offers a wonderful business opportunity. Company registration in Cyprus is a gateway to leverage its flourishing ecosystem to yield profitable returns.

Businesses with Cyprus company registration can capitalize on the competitive tax regime to plan their finances and reinvestments. The 12.5% corporate tax rate, 0% taxes on dividends, etc., present a platform to leverage Cyprus for global business expansion. Besides, Cyprus's proximity to the EU, Asia, and Africa opens a floodgate of trading and networking opportunities. Let our business setup consultants Cyprus and strategic approach by Enterslice ease the process of Cyprus company formation for you.

12% Corporate Tax Rates in the EU

0% Tax on Dividends and Real Estate Profits

Anticipated GDP Per Capita ($48,403) by 2030

Easy Access to EU Markets for Trade and Expansion

Avoid Double Taxation with 65+ Treaties

2.5% Tax on Intellectual Property Revenues

Business Structures for company Registration in Cyprus

Global entrepreneurs can choose one of the available types of business structures for company registration in Cyprus, depending on various factors, such as individual needs, company goals, business size, industry, and long-term objectives. Key structures for Cyprus company formation include:

LLC cyprus

Private Limited Liability Company (LLC or Cyprus Ltd)

Global entrepreneurs can set up a company in Cyprus as a private limited liability company. This structure for company registration in Cyprus is popular with foreign investors as it requires only one director and one shareholder for incorporation. One of the biggest advantages is that directors and shareholders can be non-residents with limited liability protection.

Public Limited Liability Company

Public Limited Liability Company (PLC)

Global entrepreneurs with large operational capabilities seeking online company registration Cyprus can consider public limited liability company (PLC). This company type facilitates raising capital through public sources. However, a PLC requires businesses to meet the minimum share capital requirement of €25,629 and the shareholder requirement of 7 members for incorporation.

Branch of a Foreign Company

Branch of a Foreign Company

Cyprus company incorporation services allow an existing foreign company to operate in Cyprus without launching another separate legal entity. However, the Cyprus branch operates under the name of the parent company and is liable to follow the tax laws applicable in Cyprus. It is a prominent structure for company registration in Cyprus.

Partnerships

Partnerships

Partnership is another way to register a business in Cyprus, which can be in the form of a general partnership or a limited partnership. While general partners do not enjoy limited liability protection and have to bear unlimited liability, limited partners are accountable for the amount contributed to the partnership. It is mandatory for partnerships to register with the Registrar of Partnerships in Cyprus.

Cyprus Foreign Interest Company

Cyprus Foreign Interest Company

Business registration in Cyprus as a foreign interest company benefits global enterprises keen on relocating their employees to Cyprus. However, such businesses must fulfil the criteria mandated to be able to employ non-EU nationals. It is one of the key business structures to register a business in Cyprus.

How to Register a Business in Cyprus?

To register a business in Cyprus, entrepreneurs have to follow various key steps, starting with reserving a distinct business name to meeting post-registration compliance requirements for company registration in Cyprus.

Finding a Lawyer

At Enterslice, we will help you find a lawyer licensed by the Cyprus Bar Association as per the Cyprus law.

Applying for Company Name at RCOR

We will help you submit an application for approval of the company name to the Registrar of Companies and Official Receiver (RCOR).

Document Submission to RCOR

Our experts at Enterslice will guide you in document preparation and submission to the Registrar of Companies and Official Receiver (RCOR).

Company Incorporation by RCOR

The RCOR will verify and validate the submitted documents and then issue a Cyprus company formation certificate.

Company Registration with the Tax Department

After that, get your company registered with the Cyprus Tax Department and acquire a tax identification number and VAT.

Bank Account Setup

The next important step is to open a corporate bank account to manage finances, ensure seamless financial transactions and handle taxation requirements.

Employment Registration

Once the above steps are complete, businesses are mandated to register their employees with Social Insurance Services according to labour law compliance.

Timeline for Cyprus Business Setup

Cyprus business setup is a streamlined process, which is usually completed in 5 to 7 working days. A stepwise breakdown of the timeline is given below:

Trade Name Reservation: 1 Working Day

Reserving the unique business name with the Registrar of Companies usually takes 1 working day to complete.

Document Filing: 2 Working Days

Filing the incorporation documents, such as MoA, AoA, and identity proofs of shareholders, usually takes 2 working days to process.

Bank Account Setup: 1 Working Day

Opening a corporate bank account in Cyprus is a quick process, and if there are no discrepancies, it takes 1 working day to set up.

Tax and VAT Registration: 2 Working Days

Tax registration with the Tax Department for a tax identification number and VAT takes about 1 day to complete.

Employment Registration: 1 Working Day

Employee registration with the Social Insurance Services can be managed in 1 working day.

Documents Required for Company Registration in Cyprus

Company registration in Cyprus mandates businesses to submit various documents as a part of compliance requirements to initiate the incorporation process.

Company Name Approval Certificate

Passport Copies - Shareholders & Directors

Utility Bill

Business Plan

Registered Office Address Proof

Bank Reference Letter

Memorandum of Association (MoA)

Articles of Association (AoA)

Form HE1 - Signed by the Lawyer

Form HE2

Form HE3

Declaration of Compliance

Company Registration in Cyprus can be a Joy with Enterslice

Are you a business enthusiast with a desire to start your dream business in the evolving startup-friendly economy of Cyprus? If yes, our experts at Enterslice will assist you with affordable and timely company registration in Cyprus.

At Enterslice, we extend support to millions of business enthusiasts like you dreaming to start their business venture in Cyprus from anywhere in the world. From documentation to application filing and register company in Cyprus on your behalf, we help you with everything to give wings to your business dreams.

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120+ Local Partners in Cyprus

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99% Client Retention Rate

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Benefits of Cyprus Company Formation

Businesses keen to establish their presence through Cyprus company formation can leverage the opportunity to access various benefits to maximize profits. Cyprus enjoys over 65 Double Taxation Avoidance Treaties, facilitating businesses to make the entrepreneurship journey successful. Key benefits of company registration in Cyprus include the following:

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Strategic Location

Cyprus is strategically located in the eastern Mediterranean, facilitating easy access to Europe, Asia, and Africa. Company registration in Cyprus is a gateway to leverage its favourable location to enter different markets across the region and expand international operations.

Favourable Tax Regime

Global entrepreneurs can utilize various tax incentives through Cyprus business setup. Cyprus has 60+ double taxation treaties, and it offers a lucrative tax regime to international businesses that can leverage a low corporate tax rate of 12.5%, 2.5% IP tax, 0% dividend tax rate and 19% VAT rate to boost profitability.

EU membership

Global entrepreneurs who register a business in Cyprus can leverage its European Union membership to access the EU's large single market, which facilitates the free movement of goods, services, and capital. Businesses seeking operations across Europe can significantly benefit from Cyprus's EU membership to yield profitable returns through SEPA transfers.

Skilled Workforce

Business registration in Cyprus allows global entrepreneurs to hire a skilled, multilingual workforce locally, which is over 70% proficient in English. The island attracts international professionals owing to the lucrative work opportunities and high remuneration.

Investor-Friendly Policies

The government of Cyprus is committed to attracting foreign investment to the country and offers lucrative incentives to global entrepreneurs. Online company registration Cyprus helps businesses to leverage the government's investor-friendly policies to launch operations and enjoy a profitable return.

Advanced Infrastructure

Global entrepreneurs can set up a company in Cyprus to leverage its robust infrastructure, including telecommunications systems and international airports. These facilities enable businesses to manage their operations seamlessly. Ease of connectivity is a factor pivotal to business growth.

Growing Sectors

Company registration in Cyprus is a gateway to exploring various thriving sectors in Cyprus, allowing businesses to explore various investment options. Fintech, ICT, and startups offer unmatched growth prospects with enormously high returns among the most flourishing sectors.

High Quality of Life

Cyprus company formation takes global entrepreneurs one step closer to a high quality of life. Coupled with a delightful climate, stunning landscapes, and a secure environment, global entrepreneurs can lead a peaceful and tranquil life on the beautiful island.

Prerequisites for Company Registration in Cyprus

Have a look at the prerequisites for company registration in Cyprus-

  • Unique Business Name :- Choosing a unique company name is one of the most important requirements for initiating the process of company registration in Cyprus.
  • Company Structure:- Selecting an appropriate company structure from the ones available in Cyprus is a must.
  • Shareholder Requirement:- Businesses must appoint at least one director and onboard a minimum of one shareholder to start the process of company registration in Cyprus.
  • Valid Identity Proofs:- Businesses must furnish valid identification proofs as per the local requirements for directors and shareholders.
  • Company Registration:- Registering the company with the Cyprus Registrar of Companies is a must.

Top Industries & Businesses for Cyprus Company Formation

Top 10 industries and businesses for foreign entrepreneurs for Cyprus company formation, yielding high returns include the following:

Checklist of Top 10 Industries to Register a Business in Cyprus

  • Tourism
  • Real Estate
  • Shipping & Maritime
  • Financial Services
  • Technology & IT
  • Education
  • Healthcare & Wellness
  • Renewable Energy
  • Agriculture & Food Processing
  • Legal & Consulting Services

Checklist of Top 10 Businesses for Cyprus Business Setup

  • Luxury Resorts and Hotels & Adventure and Eco-Tourism
  • Property Development & Real Estate Investment Consultancies
  • Ship Management & Marine Engineering Services
  • Investment Firms & Accounting and Auditing Services
  • Software Development & Cybersecurity Solution Providers
  • Private International Schools & Language Training Institutes
  • Private Medical Clinics & Wellness and Fitness Centers
  • Solar Energy Installation & Wind Energy Project Developers
  • Organic Farming & Olive Oil Production Units
  • Corporate Law Firms & Business Consulting Agencies

Post Setup Compliance for Business Registration in Cyprus

Post-setup compliance for business registration in Cyprus is a must to stay compliant and operate the business legally in Cyprus. Key compliance requirements for company registration in Cyprus include:

  • Filing Annual Returns with the Registrar of Companies
  • Maintaining Accounting Records and Financial Statements
  • Holding Annual General Meeting (AGM)
  • Appointing a Company Secretary (if applicable)
  • Registering with the Social Insurance Services for Employee Contributions
  • Submitting Annual Tax Returns
  • Compliance with VAT Filing Requirements (if applicable)
  • Updating Company Details with the Registrar of Companies
  • Ensuring Payroll and Tax Deductions for Employees
  • Renewing Business Licenses and Permits (if applicable)
Company Registration in Cyprus

Why Trust Enterslice for Company Registration in Cyprus?

Enterslice has more than 10 years of experience in successfully accomplishing company registration in Cyprus for its clients. Our professional consultants have a comprehensive knowledge of Cyprus’s tax benefits and legal requirements. We help you meet the requirements for company registration in Cyprus hassle-free. Given below are the reasons why entrepreneurs rely on us for company formation in Cyprus-

  • Assisted 500+ Entrepreneurs in Cyprus with Timely Business Registration
  • Expertise in Regulations, Compliance, and Laws for Company Registration in Cyprus
  • A Remarkable Success Rate of 99% with Cyprus Company Formation
  • End-to-End Assistance for Online Company Registration in Cyprus
  • Deliver the Best Company Formation Services in Cyprus
  • Our Business Setup Consultants in Cyprus Ensure a Quick Turnaround Time of 30%
  • Fast & Affordable Company Registration in Cyprus
  • 24/7 Availability of Consultants for Cyprus Company Formation
  • Assistance with Cyprus Company Incorporation Services

Frequently Asked Questions on Cyprus Company Formation

Cyprus company formation is a streamlined process where each step takes a defined period of time to complete. If everything goes well, and there are no discrepancies, the end-to-end incorporation process is completed within 5 to 7 working days.

No, Cyprus is not a part of Turkey as it is an independent island nation in the Mediterranean. However, Northern Cyprus made a unilateral decision and declared independence in 1983 and adopted the name Turkish Republic of Northern Cyprus. However, its independence was recognized only by Turkey.

Yes, foreigners can own a 100% share with company registration in Cyprus. There are minimal restrictions on foreign ownership in most business sectors, and foreigners can leverage the opportunity to start a business and make profits in Cyprus without legal trouble.

To register a company in Cyprus, businesses have to follow the comprehensive incorporation process and ensure legal, regulatory and tax compliance. The process involves reserving a unique business name, filing incorporation documents, setting up a corporate bank account, registering for VAT, and meeting all the legal compliance requirements.

Businesses must meet all the requirements for company registration in Cyprus to ensure a smooth incorporation process. Key requirements include furnishing shareholder and director identification proof, a registered office address, and compliance with local tax and legal frameworks.

The taxation system in Cyprus offers several exceptions as well as benefits for non-residents on employment income, capital gains, VAT exemptions and much more. In addition to this, non-Cyprus residents are exempt from tax on dividends, interest, and royalties.

Various languages are spoken in Cyprus. However, the main languages widely spoken across the island include Greek and Turkish. English is professionally used across business, tourism and legal matters.

The European Professional Card is a card specially meant for professionals, including architects, engineers, and doctors. It facilitates hassle-free practice in Cyprus without the need to acquire additional qualifications.

Various factors determine the cost of registering a company in Cyprus, which usually starts from US$1599. The overall cost for company registration in Cyprus includes registration charges, fees for bank account setup, legal assistance, and annual maintenance. However, these charges vary from business to business and industry to industry.

Cyprus is an investor-friendly country, and the 5 best cities for Cyprus company incorporation services include Nicosia, Larnaca, Limassol, Famagusta, and Paphos. Each city offers a robust infrastructure and the required support to scale business operations.

Cyprus is a beautiful island nation and a popular international tourist destination. When in Cyprus, do not miss visiting the following destinations to explore its beauty and charm:

  • Nissi Beach
  • Troodos Mountains
  • Kykkos Monastery
  • Cape Greco
  • Paphos Archaeological Park
  • Larnaca Salt Lake
  • Tombs of the Kings
  • Fig Tree Bay
  • Aphrodite’s Rock
  • Kourion

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