Cypriot company formations

Cyprus (fees quoted are exclusive of VAT)

Requirements:

  • The Company must maintain a registered office in Cyprus, at which the statutory books must be kept.
  • Minimum of one director and one secretary. The director can be a non- resident of Cyprus but the company secretary must be a resident of Cyprus. Corporate entities are permitted to hold office in the Company
  • A minimum of one shareholder, there is no residency requirements. A transfer of shares requires to be registered at the Cyprus Registry and a filing fee has to be paid subsequent to which the Registrar will issue a certificate (ready made companies will incur this as an addtional cost, see below *).
  • Cyprus has joined the Euro Zone on 01/01/08 and replaced its national currency, the Cyprus pound with the Euro. Thus all Cyrpus companies now need to have their share capital norminated in Euro.
  • Annually, the company must hold an AGM and not more than 15 months may elapse between such meetings.
  • An Annual Return must be lodged 14 days after the AGM, together with a filling fee.
  • Audited financial statements have to be submitted to the Cyprus Taxation Authority and to the Central Bank of Cyprus annually.
  • Corporate tax rate is currently 10% on worldwide income.

 

Shelf companies are available.

Information required:

  • Alternative names for approval
  • Amount and denomination of share capital
  • Main objects
  • Time to incorporate: 4-6 weeks
Fees
Incorporation/Ready Made Company £1,600
Annual maintenance £400
Registered agent and registered office £350
Annual costs thereafter:
Annual Maintenance £400
Registered agent and registered office £350
Registration of a transfer of shares at the Cyprus Registry £300
Other Services
Norminee director £250 per annum
Norminee secreatry £350 per annum
Nominee shareholder £125 per annum
Obtaining a certificate of tax residency £400
Preparation of accounts To be agreed

Maintenance Services:
Fees will be charged for any additional services on a time-spent basis. Additional charges apply for courier and notarisation/appostile.

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.