Cyprus, strategically located at the crossroads of Europe (EU), the Commonwealth of Independent States (CIS), and Africa, has become one of the leading destinations in Europe for business incorporation. With favorable conditions, advantageous tax laws, and a high quality of life, Cyprus has established itself as a premier hub for entrepreneurs and businesses.

As global companies such as Microsoft, Amazon, and Google flock to this island, many other tech companies, financial service providers, cryptocurrency firms, and digital nomad freelancers are following suit.

If you are considering joining these companies and establishing your business in Cyprus, trust us, with more than 30 years of international consulting experience, to assist with your business formation.

Key Benefits of Incorporating a Company in Cyprus

1.Favorable Tax System  

Cyprus offers a corporate tax rate of just 12.5%, the lowest in the EU.  

• Capital gains tax on the sale of shares, cryptocurrency investment, foreign exchange trading, dividends, and rental income does not apply to non-residents.   
• Cyprus has signed double tax treaties with over 65 countries, ensuring that businesses are not double-taxed on their income.

2.EU and Commonwealth Member

 Since Cyprus is a member of the European Union (EU), it has access to the EU single market, allowing for the free movement of goods, services, and capital. At the same time, Cyprus is also a member of the Commonwealth, making access to the UK market, which has left the EU, more convenient. 

This is particularly advantageous for corporations considering business expansion across Europe, as it facilitates payments and fund transfers via SEPA. SEPA transfers are one of the fastest, simplest, and safest methods for transferring funds across the Eurozone. Additionally, as an EU member state, Cyprus does not carry the negative reputation associated with other tax havens.

Cost of Company Formation in Cyprus   

The cost of establishing a company in Cyprus is a flat fee of €6,000, which includes the following:    

• All procedures related to company formation (HE1 form, memorandum, and articles of association)  
• Company registration with the Tax Department and Social Insurance Services
• Support for opening a corporate bank account  
• Dedicated support (via email, Zoom, WhatsApp, etc.) throughout the company formation process   

However, in Cyprus, a physical registered office address, a Cyprus-resident secretary, annual financial audits, and annual filings are mandatory. If you wish to outsource these services to our company, the following additional costs will apply.

Annual Administrative Fee: €5,000    

This includes:  

• A registered office address is provided by our company.   
• A Secretary, as required by law in Cyprus.   
• One year of support (via email, Zoom, SNS, etc.).   
• Mail forwarding services (to your home country). 
• Accounting Audit Fees: *€1,000 or actual costs (depends on your revenue and company size).  
• Annual Tax Filing: €1,000 (this includes the filing of your annual return with the company registry)

*Note: Accounting audit fees will vary based on the size and revenue of your company and will be billed according to actual costs, starting from €1,000.

If you choose to handle your own registered office or Secretary, the annual administrative fee will not apply.

We also offer a Cyprus Corporate Package, which includes all of the above services at a discounted rate:

First year: €10,000 only
Subsequent years: €6.500


Steps for Incorporating a Company in Cyprus


Step 1: Preparation of Documents 

Our team will prepare the necessary incorporation documents, including the HE1 form, Memorandum, and Articles of Association, with the help of our dedicated Cypriot lawyer.

Step 2: Company Name Approval

We will apply for company name approval to the Registrar of Companies and Official Receiver (RCOR).

Step 3: Document Submission to RCOR 

Once the name is approved, we will collect all necessary documents and information, prepare them, and submit them to the RCOR, including the opening of a domestic bank account. This is the point at which you will need to visit Cyprus to sign the required documents.

Step 4: Receive the Certificate of Incorporation

After submitting the necessary documents to the company registry and completing the incorporation process, you will receive the Certificate of Incorporation and copies of the Memorandum and Articles of Association.

Step 5: Tax Office and Social Insurance Registration

Once the company is incorporated, we will register your business with the tax office to obtain a taxpayer number and VAT registration number, as well as register with the social insurance services.


Let us help you navigate the process of establishing your business in Cyprus and take advantage of the numerous benefits this strategic location offers.