Cyprus - Company Incorporation Guidance

Company Type	Time to Incorporate	Cost
LLC	5 days	£2330

Setting up a Business in Cyprus

Cyprus is one of the easiest places in Europe to set up a business, and with our service, we get all the information we require, and our colleagues do the rest. No visit is necessary. While a new company incorporation is quick, we also offer ready made companies, to give our clients a flying start. As well as having some of the best fiscal advantages in Europe, Cyprus is one of the easiest places to open a bank account; the banks we work with are organised to accept international clients.

The Limited company in Cyprus

The Limited Liability Company is the normal private company in Cyprus. Most companies operating in Cyprus are private limited companies. (Limited or Ltd). We can incorporate a Limited company for you in Cyprus in five days.

Advantages of incorporating in Cyprus

• Company documents are produced in English as well as Greek.
• Company legislation is based on British company legislation, which is easy to follow.
• No withholding of tax on dividends.
• It is very easy to get a European VAT number, simply showing that VAT-able trading activity has started.
• Corporation Tax is one of the lowest in the European Union at 10%
• Full capital gains tax exemption on capital gains for all non-Cypriot assets.
• Full stamp duty exemption on contracts entered into for assets outside Cyprus
• Foreign employees of companies providing their service in Cyprus, are liable to Cyprus income tax at a rate equal to half the normal Cyprus rates; up to 20%
• Residence and work permits for the foreign employees and residence permits for their families can be readily obtained if they maintain an office in Cyprus.
• Freely transferable currency accounts can be kept both in Cyprus and abroad. The banking sector is remarkably flexible, and bank accounts can be opened without a visit.

Corporate Structure of a Limited Liability

• Only one director is required - can be an individual or corporate
• A Cypriot company must appoint a company secretary, which we will arrange for you
• There is no requirement for Cypriot residency for shareholders and directors, although a resident nominee director is recommended in many cases.
• All Cyprus businesses need a registered office
• Separate classes of shares with different rights to dividends are permitted

Authorised Share Capital

Unless otherwise instructed, we will incorporate your Company with an authorised share capital of €2000, divided into 2000 shares of €1 par value each. There is no minimum share capital.

Registered Office Service

Every company must have a registered office. The registered office is where documents may be legally served on the company. The registered office must be a physical address in Cyprus. Most documents are not required for the

Choose an available company name

It can take one or more days to get name clearence in Cyprus.

Ready made companies

Cyprus is one jurisdiction where we always have a stock of ready made companies to sell.

Nominee Services

A Cypriot resident director is recommended to take advantage of Double Taxation Treaties.

Nominee shareholders are allowed and anonymity can be achieved by the use of our nominee shareholder service.

Details we require to Incorporate your company

In order to incorporate a Limited Company in Cyprus for you, we will require the following:

• Your Company Name
• The Directors' full name, date of birth, address and nationality
• Shareholders' full name and address
• The objects of the company, specifying the the principal activity
• The amount of capital and the number of shares subscribed to each member