Question 1

How long does it take to register the company?

Accepted Answer

Name approval takes 3 to 4 working days, or is immediate with one of our pre-approved names, then registration follows in 5 to 6 working days. An online corporate account opens in days; a local bank account normally takes one to two months.

Question 2

What exactly is included in the fee, and what is billed at cost?

Accepted Answer

The fixed fee covers our professional work as listed on each package. Passed through at cost, with no mark-up: Registrar and government fees on incorporation (approximately €750), the annual return and municipality tax, certifications, apostille, certified translations and courier.

Question 3

Do I have to be in Cyprus to set up the company?

Accepted Answer

No. We handle the incorporation remotely. The Enterprise package is built for founders who stay abroad or use the 60-day rule, with a Cyprus-resident nominee director so the company's management and control remain in Cyprus.

Question 4

Why is the nominee director inside Enterprise rather than optional?

Accepted Answer

Below 183 days a year in Cyprus, a sole non-resident director puts the company's Cyprus tax residency at risk. A Cyprus-resident director is what makes the structure hold, so it is part of the package, not a bolt-on.

Question 5

What if I only need part of a package?

Accepted Answer

Every individual rate is published in the “everything else” table, so you can buy a single item. For most founders the package is cheaper than the parts, which is exactly why we bundle them.

Question 6

What happens if my first bank application is declined?

Accepted Answer

On any package that includes an account, we prepare and submit to a second bank without charging you again.

Question 7

What corporate tax will the company actually pay?

Accepted Answer

Cyprus corporate tax is 15% on company profits from 1 January 2026, up from 12.5%, in line with the OECD global minimum. It applies to the worldwide profits of a Cyprus tax resident company. Dividends, most capital gains and qualifying foreign profits carry exemptions, so many trading companies pay an effective rate below the headline figure.

Question 8

What will it cost to run the company each year after setup?

Accepted Answer

From year two the annual renewal is from €950 for Standard and from €1,850 for Enterprise, covering the recurring secretary, registered office, nominee director where applicable and support. Bookkeeping and accounting are a separate add-on from €2,100 a year, priced on transaction volume, and director payroll is free. VAT, government and audit costs are added at cost.

Question 9

Does the company need an audit every year?

Accepted Answer

Yes. Every Cyprus company files annual financial statements under IFRS and, as a rule, has them audited by a licensed auditor. From financial years starting on or after 6 February 2026, very small companies may qualify for a lighter review instead. Audit and accounting are billed separately from the formation fee.

Question 10

Can a non-EU or fully foreign owner set the company up?

Accepted Answer

Yes. Cyprus company law sets no nationality or residency requirement for shareholders or directors, so a single non-EU person can own 100% of the shares. You still disclose the ultimate beneficial owner to the UBO register. For tax residency, a Cyprus-resident director and local substance are usually advisable, which is what Enterprise provides.

Question 11

How do I take profits out, and is there tax on dividends?

Accepted Answer

After tax, profits are usually paid as dividends. Cyprus applies no withholding tax on dividends to non-resident shareholders, so they leave without deduction at source. A Cyprus tax resident non-dom shareholder pays no income tax or defence contribution on dividends, only the General Healthcare System contribution of 2.65%, capped at about €4,770 a year.

Question 12

Do I have to register for and charge VAT?

Accepted Answer

Registration for the VAT, VIES and OSS numbers is included in every package. Charging VAT depends on activity: Cyprus requires it once taxable turnover passes €15,600 in any rolling 12 months, or immediately for intra-EU B2B services. The standard rate is 19%. Ongoing VAT filing sits with the accounting add-on.

Question 13

Can I move my existing foreign company to Cyprus instead of forming a new one?

Accepted Answer

Often yes. Cyprus allows redomiciliation, so a foreign company can transfer its seat here without dissolving, keeping its legal identity, contracts and history, if its home jurisdiction and constitution permit. It typically takes a few months and needs board and shareholder resolutions plus good-standing evidence. We quote this separately from a new formation.

Service	Basic	Standard	Most popularEnterprise
One-off fee	from €1,050	from €2,300	from €3,900
Annual renewal from year two	None	from €950	from €1,850
Incorporation
Company name application	Included	Included	Included
Incorporation documents and forms	Included	Included	Included
All certified certificates	Included	Included	Included
Expedited registration (5 to 6 working days)	Included	Included	Included
UBO registration	Included	Included	Included
Tax and compliance
Company tax registration (TIC)	Included	Included	Included
VAT registration	Included	Included	Included
VIES registration	Included	Included	Included
OSS registration	Included	Included	Included
AML report	Not included	Included	Included
UBO registry annual update	Not included	Included	Included
Corporate administration
Nominee company secretary	Not included	Included	Included
Registered office	Not included	Included	Included
Nominee director	Not included	Not included	Included
Banking
Online corporate bank account	Not included	Included	Included
Local corporate bank account	Not included	Not included	Included
Second bank application free if the first is declined	Not included	Included	Included
Service and contact
Cyprus-admitted lawyer on your file	Included	Included	Included
Seven working languages	Included	Included	Included
Named account manager	Not included	Included	Included
Direct WhatsApp line	Not included	Included	Included
Partner on your file	Not included	Not included	Included
Reply within	24 hrs	24 hrs	Same day
Ongoing tax and legal guidance	Not included	Included	Included

A fully operational Cyprus company, from €1,050

Choose on one question: who controls the company, and from where

Basic

Standard

Enterprise

The complete guide to Cyprus company registration

Add ongoing accounting, audit and VAT filing for your company

From first message to fixed fee, in four steps

A free scoping call

Your fee in writing

One named team

Fixed fee, itemised

Every feature, package by package

Timing

What company clients say

Why work with us, not a formation portal

One firm for all of it

No hidden fees, ever

Fast, named replies

Lawyers, not agents

Happy with our service, or your fee back

Moving to Cyprus yourself, not just opening a company?

Questions people ask before they book

Tell us your situation, get a fixed quote