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How much does it cost to start a company in Cyprus

How much does it cost to start a company in Cyprus
Photo by HIVAN ARVIZU @soyhivan / Unsplash

Cyprus is one of the most favorable countries for starting a business. It has low taxes, flexible legislation and a friendly business environment.

Registering a business in Cyprus.

Registering a business in Cyprus is a simple and straightforward process. You will need to complete the registration form and submit it to the Cyprus Companies and Intellectual Property Commission (CIPC). Once you have submitted your application, you will be provided with certificates of incorporation and good standing within 14 days.

In order to register your business in Cyprus, there are two documents that are required:

  • The Director's Resolution Form
  • The Articles of Association

Fees and taxes for starting businesses in Cyprus.

  • Cyprus has a flat tax rate of 12.5% for all companies, which is the lowest in Europe.
  • The corporate tax rate is 12.5%.
  • The tax rate for dividends is 12.5%.
  • The tax rate for interest is 12.5%.

Company registration costs in Cyprus

The first step in registering a company in Cyprus is to apply for registration with the Registrar of Companies. The application must be accompanied by certain documents, which vary depending on what type of legal structure your business will have

TThe registration/set-up fee is a one-time payment that must be made to the Registrar of Companies in Cyprus. The amount varies according to which service provider you choose, but it can range from €500 (for basic services) up through €1200 or more for full incorporation and setting up bank accounts

Once the application is approved, the company must pay a registration fee and stamp duty. The cost for registering a private limited company is €350 (registration fees) plus €85 (stamp duty).

Related: How much does it cost to open a company in Cyprus?

What are the steps for opening a company in Cyprus?

  • Registering a company in Cyprus
  • Fees and taxes for starting businesses in Cyprus
  • Where to register your company in Cyprus
  • What documents do you need to open a business in Cyprus

After establishing your company, there is one last step left. Opening a business bank account! If you are thinking of an easy, fast and reliable way, meet wamo. Download the wamo app from Google Play and App Store to open a business account in just 10 minutes.

If you have read this article, then you know now that starting a company in Cyprus is not difficult at all. However, there are some things that need to be taken care of so that everything goes smoothly and without any problems. The first thing is to make sure that you have all the necessary documents before submitting them at the registration authority or tax office. If there's anything missing, they might reject your application! Another important thing is choosing the right place where your business will operate from - if it's abroad then make sure there are no other offices already registered under their name."

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Jamie Larson