Registration fee is from 2500 €
Registration period — 3 weeks
Minimum authorized capital - 1000 EUR
Remote opening — yes
Financial statements — yes
The Republic of Cyprus is an independent island nation in the eastern Mediterranean Sea. In 2004, Cyprus joined the EU and lost its status of an offshore jurisdiction. Today Cyprus is not an offshore jurisdiction, as the company submits audited financial statements, pays income tax, and is considered the most convenient jurisdiction for doing business.
Maira Consult recommends using companies registered in Cyprus as a holding company, intermediary company, for trade and logistics, as IT company.
It is possible to open a company in Cyprus within a few weeks.
As soon as the company is registered, the Cyprus Registry provides company certificates with a stamp of the registry.
The package of documents you receive after company registration in Cyprus:
Our specialists know how to register a company in Cyprus and provide you with highly qualified service and advise you on all issues.
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Low income tax
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Possibility to open an account in a Cyprus bank
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Financial reporting and audit
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Obtaining a Tax Residence certificate
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Included in the TOP 10 countries for registration
A company must have a secretary, who can be either an individual or a legal entity. The secretary must be a resident of Cyprus.
The name of the company must end with a word or abbreviation indicating limited liability, such as “Limited” or “Ltd.”
The minimum amount of authorized capital for a company in Cyprus is EUR 1,000, and there are no requirements for its payment.
A company must have at least one natural or legal person. In order to maintain the status of a Cyprus tax resident, the majority of directors must be Cyprus residents. It is also allowed to use the services of nominee directors.
At least one member is required, which can be either an individual or a legal entity, with no residency requirements.
A Cyprus company is required to submit financial statements annually. The first financial report, together with the auditor's report, must be submitted within 18 months from the date of incorporation, and then annually thereafter.
Corporate income tax is 12.5%. Standart VAT rate is 19%. In addition to the main taxes, there is also an annual municipal tax (Professional Tax), the amount of which is determined by each municipality separately (from 85 EUR to 256 EUR).
The public registry in Cyprus is open, where you can find public information about the director, secretary and the amount of the company's authorized capital. Since 2020, Cyprus has introduced a unified register of beneficiaries, which is not available for public viewing - data from it can only be provided to government and tax authorities.
Before registering a company in Cyprus, you need to submit a request to the Cyprus Registry to check the availability of the name. After its approval, the preparation of corporate documents begins.
Each member of the company must provide all KYC documents (passport, utility bill, bank reference, personal account statements for the last 12 months, CV).
At this stage, a meeting takes place in our office or online, where all the necessary corporate documents are signed.
There is no requirement for the mandatory formation of authorized capital in Cyprus. If necessary, it can be created after the company registration is completed.
The originals of all signed corporate documents for the registration of Cyprus company are submitted to the Cyprus Registry.
After registering a company in Cyprus, the registry provides executed corporate documents with all the necessary marks.
If necessary, the documents of a Cyprus company can be submitted for legalization and apostillization.
The originals of corporate documents of a company in Cyprus are delivered via courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207