It usually takes 7-10 days to form a new company in Cyprus, or 24 hours to buy a ready-made

company.

You can check the availability and status of a company name online or by visiting the Registrar

of Companies in person.

Some of the benefits of incorporating in Cyprus are: EU membership, modern tax regime, low

corporate tax rate, dividend income exemption, low eective tax on royalty income, no capital

gains tax on securities, and access to a large market.

The procedure of incorporating in Cyprus involves the following steps: name reservation,

preparation of memorandum and articles of association, registration of the company, obtaining

necessary licenses and permits, registration for tax and VAT, opening a corporate bank account,

establishing a registered office, and complying with the financial reporting and taxation

obligations.

he required legal documents for registering a company in Cyprus are: the memorandum and

articles of association, the HE1 form (application for registration), the HE2 form (registered

oce address), and the HE3 form (directors and secretary declaration).

There is no minimum share capital requirement for a Cyprus company, and no share capital has

to be paid into the company’s bank account.

Yes, every Cyprus company is required to have a registered oce address within the country.

You can use a service provider to provide you with a suitable address and handle any mail

correspondence on your behalf.

No, you do not need to visit Cyprus to set up a company and/or open a bank account. You can

do everything online and over the phone, with the assistance of a professional service provider.

The financial reporting and taxation obligations of a Cyprus company include: obtaining a tax

identification number (TIN), registering for value-added tax (VAT) if applicable, keeping proper

accounting records and preparing annual financial statements, filing annual tax returns and

paying corporate tax at the rate of 12.5% on the net profits, filing annual VAT returns and paying

VAT at the standard rate of 19% on the taxable supplies, filing annual social insurance

contributions and paying social insurance at the rate of 7.8% for the employer and 7.8% for the

employee on the gross salary, and filing annual general meetings and annual returns with the

Registrar of Companies.

You can use nominee services for confidentiality and tax residency purposes by appointing

nominee shareholders and directors for your Cyprus company. This way, you can protect your

identity and privacy, as well as ensure that your company is managed and controlled from

within Cyprus, which is essential for tax residency purposes. You will receive a trust deed,

which proves that you are the owner of the shares, and a signed, undated instrument of share

transfer, which enables you to transfer the shares at any time. You will also have a power of

attorney, which allows you to manage the company’s affairs.