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
It is mandatory to have a company secretary, who can be either an individual or a legal entity. The secretary must be a resident of Cyprus.
The name must end with a word, phrase or abbreviation that indicates the limited liability of the company - "Limited" or "Ltd."
The minimum share capital of a Cyprus company is 1,000 EUR. There are no payment requirements.
At least one individual or legal entity. In order to confirm tax residency status, the majority of directors must be residents of Cyprus. It is allowed to use the services of a nominee director.
At least one, can be an individual or a legal entity. There are no residency requirements.
A Cyprus company is required to maintain and submit annual financial statements. The first financial report, together with the auditor's report must be submitted within 18 months from the date of incorporation. Furhter financial reports must be submitted annually.
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 state register is open, information about the director, secretary, and the amount of the company's authorized capital is publicly available. Since 2020, Cyprus has a UBO register. This register is closed for public access, and information is provided only to government and fiscal authorities.
To register a company in Cyprus, firstly you need to make a request to the Cyprus Registry to check the company name.
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 is held in our office or online and corporate documents are signed.
There is no requirement to form a share capital in Cyprus. If there is such a need, the share capital is formed after the company is registered in Cyprus.
The originals of all signed corporate documents for the registration of Cyprus company are submitted to the Cyprus Registry.
As soon as a company in Cyprus is registered, the registry issues ready-made corporate documents with the appropriate stamps.
If necessary, the documents of a Cyprus company are submitted for legalisation and apostille.
Originals of corporate documents of a Cyprus company are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207