Σύσταση Κυπριακής Εταιρείας στην Κύπρο

Cyprus company formation typically takes 2-5 business days for a private limited company under the Companies Law, Cap. 113. The standard structure is a private company limited by shares with a minimum of one shareholder, one director, and one secretary. Total setup cost typically ranges €1,000-€2,500 including first-year corporate administration.

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The Cyprus incorporation process

Cyprus company formation is administered by the Department of the Registrar of Companies and Intellectual Property (DROCIP). The process involves: name reservation with the Registrar (approval within 1-2 business days for compliant names); preparation of Memorandum and Articles of Association customised to the company's activities; submission of incorporation documents (form HE1, subscriber sheet, first directors and secretary declaration, registered office notice); and issuance of the certificate of incorporation typically within 3-5 business days of complete submission.

Post-incorporation, the company must obtain tax registration (Taxpayer Identification Number), VAT registration if applicable, and open a Cyprus bank account (typically 4-8 weeks for full onboarding).

Structure requirements

A Cyprus private company limited by shares requires: minimum one shareholder (individual or corporate, no residency requirement); minimum one director (recommendation of majority Cyprus tax residents for corporate tax residency); one company secretary (typically a corporate services provider); a registered office in Cyprus; and Memorandum and Articles specifying the objects, share capital, and internal governance.

Standard authorised share capital is €1,000 (though there is no minimum) divided into 1,000 shares of €1 each. Issued and paid-up share capital of at least €1 is required.

What's typically included in setup packages

Standard Cyprus company setup packages from corporate services providers usually include: name reservation, Memorandum and Articles preparation, incorporation filing, registered office for the first year, provision of company secretary for the first year, corporate seal and share certificates, TIN/VAT registration where applicable, and basic bank account introduction. Optional add-ons include Cyprus resident director service, apostilled document sets for overseas use, nominee shareholders, and expedited processing.

Typical all-in cost from Cyprus corporate services providers ranges €1,000-€2,500 for standard setup; higher for complex structures, urgent processing, or extensive nominee/director services.

Ongoing obligations

After incorporation, ongoing obligations include: annual return (form HE32) with audited accounts filed within 15 months; annual general meeting (can be written resolution); annual government levy (€350 for most companies, waived if not trading); corporate tax registration and annual TD4 return; VAT registration if applicable and quarterly VAT returns; PAYE and social insurance if employing staff. Annual corporate administration fees from providers typically range €800-€2,000.

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Συχνές ερωτήσεις

How long does Cyprus company formation take?

Under normal circumstances, 2-5 business days from complete document submission. Expedited processing may be available. Bank account opening is a separate process typically taking 4-8 weeks depending on the bank and applicant profile — this is often the critical path for getting operational.

Do I need a Cyprus resident director?

Not legally required for Cyprus company formation, but strongly recommended for Cyprus tax residency purposes. To be Cyprus tax-resident (and access Cyprus's corporate tax regime), a company must be managed and controlled in Cyprus, which practically means having a majority of Cyprus-resident directors and documented Cyprus decision-making.

What is the minimum share capital for a Cyprus company?

There is no statutory minimum share capital for a private limited company. Standard practice is €1,000 authorised (1,000 shares of €1 each) with at least €1 issued and paid up. Practical minimums for banking and commercial purposes are typically higher (€5,000-€10,000).

Can non-EU nationals own Cyprus companies?

Yes. There are no restrictions on nationality of shareholders or directors of Cyprus private companies. However, non-EU shareholders may face additional bank onboarding requirements, and beneficial ownership disclosures apply under EU AML rules.

What ongoing costs should I expect after Cyprus company formation?

Annual costs typically include: registered office and secretary services (€600-€1,200), corporate tax and VAT compliance (€800-€2,500 depending on complexity), audit fees (€800-€5,000+), government annual levy (€350 if trading), and bank charges. Total realistic annual maintenance for a modest active company: €3,000-€7,000.

Is a Cyprus company subject to worldwide tax?

Cyprus tax-resident companies are taxed on worldwide income at 12.5%. However, foreign dividends and gains from qualifying participations are typically exempt under participation exemption, and Cyprus tax treaty network of 65+ jurisdictions provides relief from foreign withholding taxes.

Can I use a nominee shareholder or director?

Nominee services are legal in Cyprus, but the ultimate beneficial owner (UBO) must be disclosed to the Beneficial Ownership Registry maintained by the Registrar of Companies. Anti-money laundering rules and DAC6 disclosure obligations mean nominee use should be structured with legal advice, not for concealment.

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