Offer: Registration of a Cyprus Company – set up or buy a ready-to-operate Cyprus Company

• the name of the company, which is checked for availability;
• the structure of the company;
• share capital;
• objects (activities) of the company.

After paying the commission and share capital, we will prepare a package of documents for registering a company and send it to the Registrar, who will process the application and issue a certificate of registration.

The approximate time for registering a company is approximately 3 weeks.

TAXES

Cyprus companies pay the Registrar an annual government fee of EUR 350 (from 2024 the annual levy was cancelled; however, the annual levy for the years 2011 – 2023 continues to apply).

The corporate tax rate in Cyprus is 12,5%.

Each company files its tax return with the tax authorities within 1 year after the end of the financial year.

Cyprus companies that have subsidiaries (with over 50% ownership interest) are required to prepare consolidated financial statements for the group.

In addition to annual accounts, all companies must file a preliminary tax return by July 31 of each fiscal year showing an estimate of their profits for the current year. On the basis of such a declaration, the company pays preliminary corporate tax.

Also, Cypriot companies must prepare and submit audited financial statements in accordance with International Accounting Standards.

You should also consider VAT issues (the general rate is 19%).