Company Formation in Cyprus

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Setting up a company in Cyprus takes just 8 to 12 working days and can be managed remotely. The corporate tax rate is 15%, there is no withholding tax on outbound dividends, and Cyprus has over 65 double tax treaties. If you’ve got qualifying IP income, you’ll benefit from the IP Box regime with an effective rate of only 2.5%.

Start your Cyprus business with Legarithm, and we’ll help you build your structure right from day one, cost-effectively and transparently.

Register a company in Cyprus

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Why Register in Cyprus with Legarithm

We are a licensed provider of corporate services in Cyprus. No intermediaries, no hidden fees, just transparent prices and genuine expertise.

Strategic Location

Cyprus is a fruitful international business hub and strategic location at the crossroads of Europe, Asia, and Africa.

Efficient Setup Process

Company registration stages are streamlined, and public services are digitalized. Business setup is simplified yet efficient.

EU Membership Perks

As a full EU member, advanced legal protection for businesses and regulations respected on a global scale.

Business-Friendly Environment

Business-friendly approach, stable economy, and low tax rates make it a top choice for global growing enterprises.

What You Get With Cyprus Company

Check the best conditions for founders to develop and scale their business.

  • tax - Legarithm legal services
    15% corporate tax

    15% corporate tax

    Cyprus applies a flat 15% corporate tax rate on net profits, backed by double tax treaties with over 65 countries — making it a competitive base for international trading, holding, and service companies.

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    IP Box Tax

    IP Box Tax

    Royalties, software licensing, and income from qualifying intellectual property are taxed at an effective rate of 2.5% under the Cyprus IP Box regime — one of the most favorable in Europe for IP-driven businesses.

  • freelance - Legarithm
    No withholding tax

    No withholding tax

    Cyprus imposes no withholding tax on outbound dividends, interest, or royalties to non-resident shareholders — a structurally significant advantage for holding companies and international groups.

  • EU - Legarithm
    EU market access

    EU market access

    A Cyprus-registered company operates within the EU legal and regulatory framework — eligible for VAT registration, intra-EU trade under the reverse charge mechanism, and VIES reporting across all 27 member states.

  • Laptop User - Legarithm
    Remote setup

    Remote setup

    A Cyprus private limited company (Ltd) can be incorporated entirely remotely within one week, with no requirement to visit Cyprus at any stage of the process.

Who Uses Cyprus Companies?

Whether you are a startup aiming for global reach or an established group optimizing your tax and operational structure, Cyprus offers tailored solutions for nearly every business profile.

Holding companies

Take advantage of participation exemptions on dividends, enjoy relief on capital gains, and tap into a wide double-tax treaty network that cuts down withholding taxes on cross-border payments.

Trading and e-commerce

Straightforward VAT registration, the EU Single Market access for cross-border trade, and the ability to invoice clients across Europe without customs barriers or delays.

IT, fintech, and startups

Leverage the 15% corporate tax rate, IP Box regime for software and patents (effective rate as low as 2.5%), access to EU payment and e-money systems, and a tech-savvy workforce.

Investment vehicles

Use Cyprus as a fund domicile or SPV hub. Transparent rules on interest and dividend flows, no withholding tax on outbound dividends in many cases, and efficient structures of repatriation.

Family offices and private clients

For consolidation and management of international subsidiaries, benefiting from participation exemptions and tax efficiency.

International expansion

Non-resident status (no taxation of foreign income for 17 years) gives you a wealth of investment opportunities, flexibility in estate planning, and a stable EU jurisdiction—while maintaining your privacy and flexible capital management infrastructure.

We build more than legal solutions — we create a reliable platform for your growth.

Get in touch with our international experts to discuss your corporate structuring, licensing, or compliance needs. Our team is ready to assist you quickly and efficiently.

Eligibility Criteria & Documents

Operating in Cyprus requires applicants to meet standards that ensure ongoing compliance, privacy, and legal requirements.

  • Individuals of any nationality aged 18 and over
  • Corporate shareholders — legal entities registered in any jurisdiction can act as shareholders
  • No residency requirement for shareholders or directors — Cyprus imposes no restrictions on foreign ownership of private limited companies (Ltd)
  • At least one director required; corporate directors are permitted but a natural person co-director is recommended for banking purposes
Need help confirming eligibility?
Our compliance team can review your application and guide you through the process.

How to Choose The Right Jurisdiction

We have analyzed the advantages and disadvantages of each jurisdiction so that you can make a confident decision and save time.

  • Cyprus 15% tax · IP Box
  • Estonia 0% until dividends
  • UAE 9% · 0% personal
  • USA VC-friendly
  • Poland EU · relocation
  • Bulgaria 10% · low cost
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Company Registration in Cyprus

The process of setting up a company in Cyprus is designed to minimize administrative delays and provide you with legal certainty at every step.

  • Step 01

    Company Name Approval

    You choose a company name, and we submit it to the Cyprus Registrar of Companies for approval. The name must be unique and not conflict with existing entities. Names containing regulated words (such as “bank,” “insurance,” or “trust”) require special permission.

  • Step 02

    Drafting the Memorandum and Articles of Association

    We will draft the company’s Memorandum and Articles of Association — these documents define your company’s activities, governance, and share structure.

  • Step 03

    Appointing Directors, Secretary, and Shareholders

    • Establish a suitable business entity.
    • Collect and prepare all the requested personal and corporate papers.
  • Step 04

    Submitting Incorporation Forms

    Main incorporation forms:

    • HE1 (Declaration of compliance, signed by a lawyer)
    • HE2 (Registered office address notice)
    • HE3 (Details of directors and secretary)

Costs and Timelines

Cyprus company formation is cost-effective and transparent.

Standard Package
2 749 EUR
  • M&AA in English
  • Package of 4 key certificates with apostille
  • Apostilled copy of M&AA in two languages
  • Assistance in opening accounts with Wise
  • 1-hour consultation after company registration
  • Plus all Smart Package services
Smart Package
1 699 EUR
  • Approval of the company name
  • Payment of all state fees for registration (HE1, HE2, HE4) Preparation and submission of standard M&AA in Greek
  • Compliance for one person in the company structure Registered office address for one year
  • Secretary for one year 1-hour
  • Introductory consultation before company registration Obtaining a tax number
Premium Package
4 999 EUR
  • Expedited company registration and certificate issuance
  • 10 hours of legal consultations on any matters per year
  • Plus all Standard Package services

Additional services

Nominee Director
Custom price
VAT Registration
350 EUR
VIES Registration
149 EUR
Shareholders' Certificate
200 EUR
Certificate of Directors
200 EUR
Certificate of Incorporation
200 EUR
Certificate of Good Standing
200 EUR
Certificate of Registered Address
200 EUR

Opening Bank Account in Cyprus

Banking is an essential part of solid compliance, regardless of your turnover.

Available options
  • Cyprus has three main local banks: Bank of Cyprus, Eurobank Limited (formed through the merger of Hellenic Bank and Eurobank Cyprus in September 2025), and Alpha Bank Cyprus (formerly AstroBank, acquired by Alpha Bank Group in October 2025)
  • EU-regulated EMIs (Wise, Revolut, and others) are widely used as a faster alternative or bridge solution while a traditional bank account is being processed
  • EMIs can be set up within 1–5 business days and are suitable for most operational needs — payments, invoicing, FX — but lack full banking services such as credit facilities
Timeline
  • Traditional bank account opening takes 4–12 weeks — for non-EU beneficial owners or high-risk industries, rejections are common without proper preparation
  • Bank of Cyprus compliance is among the most rigorous — account opening for newly incorporated companies with non-EU beneficial owners frequently takes 10–12 weeks
  • Alpha Bank Cyprus typically processes non-EU applications in 4–8 weeks and offers video KYC, reducing the in-person requirement
Required documents for a company
  • Certificate of incorporation, M&AA, certificate of directors and shareholders
  • Certificate of registered office address
  • Organizational chart and group structure signed by the UBO Registry
  • Business profile: description of activities, expected turnover, jurisdictions of operation, key clients, and partners
  • Recent audited financial statements or management accounts (where available)
Required papers for individuals (directors, shareholders, UBOs)
  • Certified passport copy
  • Proof of residential address (utility bill, not older than 6 months)
  • Bank reference letter not older than 3 months
  • Source of funds and source of wealth documentation
  • CV or professional background summary
Key approval factors
  • Banks assess whether the company is managed and controlled from Cyprus, whether there is genuine economic substance (office, staff, resident directors), the nature and risk profile of the business, and the transparency of the UBO structure
  • Shell companies — entities with no economic substance, no real activity, and no local presence — are systematically rejected by all Cyprus banks
  • Having a Cyprus-based corporate service provider act as an introducer significantly improves approval rates and reduces processing time

8–12 Working Days

That's all it takes to have a fully registered Cyprus company — ready to operate, invoice, and grow. We handle the process from day one.
*Depending on the chosen structure and readiness of the founders' documents.

Legal Expertise for Cyprus Residency & Business

Explore flexible programs for investors, business owners, and professionals, including non-domicile status, permanent residency, and business facilitation.

Residency by Investment
  • Permanent residency for non-EU nationals
  • Investment options to choose
  • Fast-track approval – usually 2–6 months
  • Family members included in the application
  • Pathway to citizenship after 7 years of residency
Non-Domicile Status
  • Exemption from tax on dividends and interest income for up to 17 years
  • Enjoy worldwide passive income tax-free in Cyprus
  • Ideal for business owners and investors
  • Fast-track process usually takes 2–4 weeks
  • No requirement to reside in Cyprus for the whole year
BFU Status (Business Facilitation Unit)
  • Company registration with regulator
  • Simplified work and residency permits for foreign employees
  • Ability to bring in highly skilled professionals
  • Family relocation support for key employees
  • Priority: tech, fintech, and innovative businesses

Frequently Asked Questions

Still have questions?

If you didn’t find the answer, contact us — we’ll be happy to consult you!
Is it necessary to visit Cyprus to form a company?

No, the process can be completed remotely. All documents can be signed and submitted digitally, and couriered as required.

Can I open a bank account remotely?

Yes, most banks allow for remote account opening, though some may require a video call or in-person visit, depending on risk assessment.

Are nominee directors/shareholders legal?

Yes, nominee services are permitted and widely used. All arrangements comply with Cyprus law and EU standards for transparency and AML.

Is Cyprus a “blacklisted” jurisdiction?

No. As a full member of the European Union since 2004, Cyprus meets the highest standards of financial transparency and regulatory compliance. Cyprus is not included in any of the key international black or gray lists — neither the FATF nor the EU list of high-risk jurisdictions.

Can I relocate to Cyprus as a business owner?

Yes, several residency and work permit options are available for business owners, key staff, and their families, including the Golden Visa.

What support does Legarithm offer after incorporation?

We provide full compliance monitoring, legal and tax support, annual filings, audit coordination, banking introductions, and ongoing business advice. If you have more questions, our team is always available for a confidential consultation.

We Are Always Available

Our team ensures your business setup is smooth, efficient, and compliant with local laws. Contact us today to discuss your project.

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Cyprus, Limassol

Arch. Makarios Av. III, No. 1-7, Mitsis Building 3, 3rd floor, Office 302, 1065 Nicosia

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Estonia, Tallinn

Tallinn,  Harju maakond, Lasnamäe linnaosa, Ruunaoja tn 3, 11415

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UAE, Dubai

Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE

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Ukraine, Kyiv

Kyiv, Mykhailo Boychuk Street, Office 3011, 01103, Ukraine

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United States, New York

228 Park Ave S, New York City, New York, 10003, USA

Get in Touch

Leave your inquiry, and our legal team will get back to you as soon as possible. Initial consultation is free of charge and confidential.