Frequently Asked Questions
What is the process for registering a company in Cyprus?
The process involves choosing a company name, preparing and submitting the necessary documentation to the Cyprus Registrar of Companies, and complying with local business regulations
How long does it take to register a company in Cyprus?
Typically, the company registration can be completed in as little as 4 days, provided all documents are correctly prepared and submitted
What are the requirements for registering a company in Cyprus?
Key requirements include deciding on a company name that must be approved by the Registrar of Companies, preparing the Memorandum and Articles of Association, appointing company directors and a company secretary, and registering with the Cyprus Tax Authority.
What is the minimum share capital required for a Cyprus company?
There is no minimum capital requirement for private companies limited by shares, making it flexible for startups and small businesses to establish a presence in Cyprus.
Do I need to be physically present to register a company in Cyprus?
No, you do not need to be physically present in Cyprus to register a company. The process can be handled remotely through legal representatives like attorneys, which simplifies the process for international investors.
Can a non-resident open a company in Cyprus?
Yes, non-residents can freely register a company in Cyprus. The process and requirements are similar to those for residents, and foreign investors can own 100% of a Cypriot company.
What are the ongoing compliance requirements for a registered company in Cyprus?
Registered companies in Cyprus must file annual returns, maintain accurate financial records, conduct annual audits , and adhere to tax filing requirements. Compliance with EU regulations and standards is also necessary.
What are the tax benefits of registering a company in Cyprus?
Cyprus offers attractive tax incentives such as a corporate tax rate of 12.5%, one of the lowest in the EU. Companies can benefit from the IP Box regime, which reduces tax on income from intellectual property to as low as 2.5%. Additionally, there are no withholding taxes on dividends, interest, and royalties sent abroad.
What are the advantages of registering a Holding Company in Cyprus?
Registering a holding company in Cyprus offers benefits such as no withholding tax on outgoing dividends, no capital gains tax on the disposal of shares, and extensive double taxation treaties
Are there any special requirements for the company’s name?
Yes, the company name must be unique and approved by the Registrar of Companies in Cyprus. It should not resemble the names of existing companies too closely or contain restricted terms without special permissions.
Can a Cyprus company have foreign shareholders?
Yes, Cyprus companies can have foreign shareholders, and there is no restriction on the nationality or residency of shareholders.