Cyprus: Ltd.

Why is it beneficial for a company to incorporate in Cyprus?

With its strategic location and scenic landscape, the country island of Cyprus might turn out to be the dream headquarters for your company. Cyprus’ economy is mostly driven by tourism. The country has a lot to offer even if you’re not considering relocation yourself. Cypriot business incentives make the country a great location for an offshore company.

Strategic location:
Cyprus’ strategic location is especially attractive if you’re considering expanding your business beyond Europe and are interested in exploring the markets of the Middle East or Asia. Thanks to its unique location, the island is one of the world’s leading shipping centers and can boast an impressive fleet.

Attractive tax regime:
Take advantage of Cyprus’ competitive tax incentives, including a very low corporate income tax rate (currently at 12,5%), which makes the country the perfect place to incorporate your business. The standard VAT rate in Cyprus is 19%, but there are a few categories of goods and services which fall under reduced rates. The Cypriot tax system has especially favorable regulations when it comes to Intellectual Property. Qualifying profits can yield an 80% tax deduction.

Favorable legal system:
Cyprus’ legal system is characterized by a very easy incorporation process, which does not require a staggering capital, can be completed within a few days and does not even require your presence.

What type of companies can be formed in Cyprus?

Cyprus’ most popular business type is the Limited Liability Company. Find out for yourself just how easy it is to incorporate in Cyprus with this business model:

  • The incorporation of your Limited Liability Company in Cyprus involves at least one shareholder and one director.
  • Concerning financial assets: the minimum share capital is only €1, but you’ll need to cover some costs associated with the company’s incorporation and registration.
  • Flexibility: you can set up your business in Cyprus without traveling there.

Pricing

Cost

2000 €

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Description

Incorporation
Digital Certificate of Incorporation
Digital copy of Memorandum and Articles
Digital share certificate
Bank introduction
1 director included
2 shareholders included (max 50 possible)
8-10 days

Available Add-ons

Additional director

quote upon request

Any additional Director

Additional shareholder

quote upon request

Any additional shareholder, above the included 2 shareholder

Corporate Shareholder

600,00 €
per year

Print of Certificates

20,00 €
plus postage

Printed Certificate of Incorporation
Printed Memorandum and Articles of Association

Company Secretary

400,00 €
per year
required in HK

Company Secretary
Update records held by Company Registry
Ensuring company compliance with legal obligations
Maintain companies statutory register
Preparing and filing of minutes
Keeping companies seal

Remote Incorp

350,00 €

Tax Registration

180,00 €

VAT Registration

180,00 €

Tax Accounting

800,00 €

As a start increasing based on volume. Audit is also required for all Cy companies – quoted upon request (price depending on the volume and activities of the company)

English documents

Incl.

Individual Nominee Director

1200,00 €
per year

1 Individual Nominee director
3rd person acting as a director on your behalf
Privacy of your name in public registers

Nominee shareholder

600,00 €

1 nominee shareholder
3rd person acting as a sharholder on your behalf
Privacy of your name in public registers

Bank Introduction

1000,00 €

Coprorate Seal

25,00 €
plus shipping costs

Corporate Seal

Registered Address

109,95 €
per month

Registered Address for your company

Mail Handling

8,95 €
per month

Mail handling, Incoming, Scanning, Forwarding, Trash

Trademark Regsistration

quote upon request

Individual lawyer consultancy

210,00 €
per 30 minutes

* The notary fees and the costs for entry in the commercial register (Handelsregister) are not included in the price and will be charged separately.
All prices excluded VAT


Benefits of ClevverCompany:

most convenient way

  • Fast and fully digital incorporation process
  • Lawyer approved process and local legal teams on site
  • Meeting all legal requirements
  • Internationalize your business without a big budgets

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