12 min read
The total cost of registering a Cyprus company depends on far more than the incorporation fee. This guide breaks down setup costs, government fees, banking, nominee services, and annual maintenance, and explains what low-cost providers often leave out of their quotes.

Written by Sergios Charalambous, Partner
Cyprus Bar Association
Cyprus remains one of the most attractive jurisdictions in the European Union for entrepreneurs, holding companies, consultants, e-commerce operators, technology businesses, and international groups looking for a stable legal system, access to the EU market, and a competitive corporate environment. One of the first practical questions most clients ask is straightforward: how much does it really cost to register and maintain a Cyprus company?
The total cost depends on the structure, the ownership profile, the speed required, the banking solution selected, the tax and VAT position of the business, and the level of corporate administration needed after incorporation. A low headline quote may sound attractive at first, but it often excludes essential items such as government fees, tax registration, VAT onboarding, beneficial ownership compliance, banking support, post-incorporation resolutions, certified corporate documents, nominee services, and annual accounting and audit work.
This guide explains the main setup and annual maintenance costs, what each service usually includes, what is often excluded from very cheap quotes, and why proper legal, tax, and compliance supervision matters when setting up a Cyprus company correctly from the start.
Rather than pricing every task separately, we register Cyprus companies as fixed-fee packages. You choose the package that matches how you will use the company, and the fee is agreed with you in writing before you engage, plus VAT at 19% and government fees billed at cost. Below is an overview of our company registration packages.
| Package | One-off fee | What it covers |
|---|---|---|
| Basic | from EUR 1,050 + VAT + government fees | The company, fully registered: name approval, all incorporation documents and certificates, expedited registration, UBO registration, company tax registration, and VAT, VIES and OSS registration. |
| Standard | from EUR 2,300 + VAT + government fees | Everything in Basic, plus a nominee company secretary, a registered office address, an online corporate bank account, the AML report and the annual UBO update, with a named account manager. Then from EUR 950 a year from year two. |
| Enterprise | from EUR 3,900 + VAT + government fees | Everything in Standard, plus a Cyprus-resident nominee director and a local corporate bank account, with board and shareholder resolutions prepared for you. Then from EUR 1,850 a year from year two. |
The Registrar's core incorporation filing fee is EUR 165 for a company with share capital or EUR 235 for a company without share capital. Accelerated examination adds EUR 100. Name approval, certified copies and any other case-specific disbursements are separate; every pass-through amount is billed at cost and itemised in the engagement letter.
Beyond the standard packages, we can tailor a formation to your business model, ownership profile, and banking preferences. Additional services, such as extra nominee roles or specialised banking support, are quoted by agreement as part of your package, so you get one coordinated solution rather than a list of separately billed items.
If you would like to receive our current package options, contact us for a tailored quotation based on your business model, ownership profile, and banking preferences.
Contact us for a tailored quotation covering incorporation, tax registration, banking support, and ongoing corporate administration.
After incorporation, the next question is the annual cost of keeping the company in good standing. This is where many business owners underestimate the real budget. A Cyprus company is not a one-off filing; it is an ongoing legal and compliance structure that must be administered correctly throughout the year.
Ongoing maintenance is built into the packages. The Standard package renews from EUR 950 a year, and the Enterprise package from EUR 1,850 a year, in each case from year two. These cover the corporate administration a Cyprus company needs to stay in good standing: the registered office, the nominee company secretary, the AML report, and the annual UBO update, with a Cyprus-resident nominee director included in Enterprise.
Where you need nominee director, nominee shareholder, nominee secretary, or registered-office services on their own, outside a package, we quote them by agreement. This is often the most efficient route for international clients who prefer one coordinated provider for legal, corporate, and administration support in Cyprus.
Every Cyprus company must have a registered office in Cyprus. This does not always mean a full operational office, but there must be an official address for notices, correspondence, and company records.
A Cyprus company also needs proper accounting and audit support. This is not merely an administrative add-on; it is a core part of maintaining the company in a compliant and credible manner. Our firm has an in-house accounting department and can provide the full range of accounting, bookkeeping, payroll support, tax compliance, financial statement preparation, and audit coordination services under one roof. This allows the legal, corporate, and accounting sides of the structure to work together efficiently.
For smaller Cyprus companies, accounting and audit services usually start from EUR 2,100 + VAT annually, with the final fee depending primarily on the number of annual transactions, the nature of the activity, payroll needs, VAT complexity, and whether the company forms part of a wider international group.
It is common to find online intermediaries, influencers, referral agents, and very low-cost providers promoting Cyprus company formation at attractive headline prices. In some cases, these offers may be legitimate entry-level services. In many cases, however, the initial quote does not reflect the full legal and compliance work that the client will actually need.
Watch out for quotes that exclude government fees, use the non-expedited Registrar route without telling you, or skip tax registration, VAT onboarding, and banking support. A poorly structured company can create delays, banking difficulties, compliance exposure, and higher corrective costs later.
Common issues with very cheap quotes include:
The same caution applies to providers who market themselves purely on price without a strong legal, tax, and compliance background. A Cyprus company can be an excellent vehicle, but only if it is set up correctly from the start.
Before engaging a company formation provider, consider asking these questions early to avoid surprises later:
Asking these questions early can save significant time, cost, and frustration later.
The cost of registering and managing a company in Cyprus should be viewed as a full business setup and compliance framework, not as a single filing fee. A serious Cyprus company formation project normally includes legal structuring, incorporation, tax onboarding, VAT and cross-border registrations where necessary, banking support, corporate administration, and annual accounting and audit compliance.
The real question is not "how cheap can I form a Cyprus company?" but rather "how can I set it up correctly, efficiently, and with the right long-term support?"
If you are considering registering a Cyprus company, or if you would like to compare providers, contact us to receive a tailored quotation and learn more about our special setup and annual management packages.
Company registration
from €1,050
A complete, working Cyprus company on a fixed fee, agreed in writing before we start.
Fixed fee, written into your engagement letter before you pay. A Cyprus-admitted lawyer replies within 24 hours.
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Partner specializing in corporate and tax law. Member of both the Cyprus Bar Association and the Athens Bar Association, bringing expertise across both jurisdictions.
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