Cyprus Company Formation

Lawyers for Cyprus Company Formation


We at Efstathios C. Efstathios LLC guide you through a quick and simple process with the right professional help to start your company in Cyprus. Form your business through our help speedily under the Cyprus regime. You may discover all the information you require about Cyprus company formation on this page.


Visit us for a Quick Procedure!


Efstathios C. Efstathios LLC helps you cater following steps of the registration process;


  • Registering your business without traveling to Cyprus.
  • Obtain a Cyprus Tax ID number to take advantage of the reduced income tax.
  • Operate globally in 5 days using your Cyprus Company bank account.
  • Swift and simple procedure.


Worried about How to form your Company? Our Lawyers cater in different types of Cyprus Companies


We are committed to cater you to form your company in numerous kinds of Cyprus Companies, including;


Limited Company

  • No minimum share capital is required
  • One to fifty shareholders may be present.
  • At least one director and a secretary are required for the corporation.
  • Annual accounts must be filled out in either Greek or English and must be audited.



  • An overseas business is liable for the obligations of its Cypriot branch.
  • A branch is required to register with the CY Tax department and the Registrar of Companies.
  • Annual accounts must be submitted in either English or Greek.



  • General partnership: 2-20 participants.
  • One or more partners have unlimited liability in a limited partnership.
  • Required to register with Cyprus’s tax department and the Registrar of Companies.


Our Cyprus Company Formation Lawyers are here to Guide you!


Efstathios C. Efstathios LLC offers you assistance at every step in Cyprus Company Formation. Our aim is to make your procedure quick and easy with better understandable paperwork. A corporation with a Cyprus registration may be employed in a number of ways to help with business operations. Our lawyers are engaged in several Cyprus Companies registrations, such as:


  • Imports/exports
  • Online shops
  • Services providers
  • Finance companies
  • Holding companies
  • Tech Start-Ups
  • Investment Companies
  • Property Holdings
  • Shipping companies (Merchant Shipping)
  • Intellectual Property Holding


Contact Us & Get a Free Consultation from Our Professional Lawyer about Cyprus Company Formation!


At Efstathios C. Efstathios LLC we are devoted to providing you with the best experience. Our aim is to design a process that is workable and economical.


Contact us to book a free consultation session with us today and form your Company in Cyprus. Call us at (+357) 22 755109 and get a proper legal representative now.

FAQs – Frequently Asked Questions

How long does it take to form a company in Cyprus?

It takes 8 working days to have your company registered in Cyprus. The process Involves;


Day 1: Application for approval of the company name is submitted to the Registrar of Companies.


Day 3: The lawyers approve the name and the completion of the memorandum and online submission for approval by the Registrar of Companies.


Day 7: Official company paperwork is released. (Certificates of registration, Board of Directors and Secretary certificates, Shareholders address certificates, Authentication of Company Memorandum, and Articles of Association certificates)

How long does it take to open a bank account for your Cyprus company?

It takes approximately 3 to 5 working days after the company’s registration to open a bank account.

Do I need an address in Cyprus for my company?

Yes, in order to start up a corporation in Cyprus, you need a registered address. Without you having to search around, our company will assist you in finding a workspace.

Do I need to visit Cyprus to set-up a company?

No, you don’t have to visit Cyprus to register your business. We can take care of it, and everything may be organized from your country. Our experts will consult with you over email or a Skype conference before sending you the necessary documentation to sign.

What is the minimum share capital required to register a Cyprus company?

There is no minimum requirement of shares capital to start your Cyprus company.

What documents are needed in order to set up a Cyprus company?

The documentation needed to register your company are:


  • A certified copy of Passport or ID
  • A certified copy or an original utility bill, as a proof of address.
  • A reference letter from a bank institution, lawyer or accountant for the good standing of the beneficial owners.
  • A questionnaire provided from KTC Business Consultants.
  • A recent CV
  • Last year’s tax return
What is the yearly fee of a Cyprus registered company?

A 350 Euro annual charge is required to keep a company active and can be paid to the Cyprus company registrar online or through your services provider.

What are the annual legal obligations of a Cyprus registered company?

Within 28 days following the conclusion of the fiscal year, annual reports and audited financial statements must be electronically filed to the Cyprus firm Registrar department.Cyprus corporations are required to hold at least one annual directors meeting. This gathering is required. 18 months following the company’s registration date is when the first annual directors meeting must be held.


Within 60 days of the registration date, a Cyprus firm must register with the tax department and receive a tax identification number.Forms for annual tax returns must be submitted 15 months after the year’s conclusion.


The annual tax is payable in three installments on July 31st, December 31st, and January 31st. The final one will occur on June 30th, 2019. Within the tax year, each Cyprus company is required to determine and submit its own tax payments.Each and every firm with a Cyprus registration is required to maintain accounting records and produce audited financial statements.

What is the Tax rate to Cyprus companies?

The corporate tax rate is 12.5%.

Are there any additional taxes for my company?

No, there are no extra taxes.

What would be the tax rate if my company employs only myself?

This depends on the pay you’ll get from your employer. If your income is less than €19.500, you are not required to pay taxes.

How will I be taxed on my income in any of the below cases?
  • A director and employee of the company who is a tax resident of Cyprus.
  • Global income taxed if it exceeds €19.500.
  • A non-resident taxpayer who is a firm director and employee.
  • Only Cyprus income that exceeds €19.500 is subject to tax.
  • A shareholder, director, and resident of Cyprus who pays taxes.
  • Dividends are exempt from income tax and C.Y. withholding tax, however starting on March 1, 2020, they must pay 2.65% into the National Health Insurance Scheme.
  • A director and shareholder who is a non-tax resident of Cyprus.


Only Cyprus income that exceeds €19.500 is subject to tax Cyprus completely exempts dividends from taxation.

How many days it takes to open up a bank account?

It takes between 3 and 5 working days starting on the day that the bank receives the signed documentation from the beneficial owners.

What is the paperwork needed to open up a company bank account?
  • Company certificates (Shareholders certificate, registered office, Incorporation certificate, Directors and secretary certificate)
  • Memorandum and Articles of association
  • Identification documents of the beneficiary person (Id, Passport and proof of permanent address)
What is the monthly insurance fee for the salaried personnel?

The overall cost of the insurance is 20.3%. The company is responsible for paying 12% of the fee, while the employee is responsible for the remaining 8.3%. The Social Insurance Fee (8.3%), Redundancy Fund (1.2%), HR Development Authority Fund (0.5%), and Social Cohesion Fund (2%), are all employer contributions. Please be aware that these figures could change annually, according to the Social Insurance Department.

Do I get a card when opening a bank account?

Yes, connected to the company’s bank account.

Are there any annual fees for the card?

Yes, but it depends on the card type. ie Mastercard, Visa

Can I open a personal account as well?

Yes, but it depends on the card type. ie Mastercard, Visa

Are there any fees when receiving payments in my company’s account?

Depends from the bank fee’s policy.

Are there any fees when receiving payments in my company’s account?

Depends from the bank fee’s policy.

What are the obligations or fees of the company towards the bank?

Fees are determined by bank policy. Typically, banks charge between €500 and €800 annually. A business is required to give the bank any information that is requested about its operations, owners.

Do company directors need to be residents in Cyprus?

At least one director has to be a tax resident and annual meetings have to be held in Cyprus.

Can I have a single director for a Cyprus company?


Who can act as a secretary?


Who can act as a company director?

Any person from Cyprus or abroad that has no criminal record.

Can I hire a non-Cypriot resident to work for my company?

Yes. An EU person must travel to Cyprus to receive the yellow slip permit in this scenario. According to the Cyprus Department of Labour, if the person is a national of a third country (not in the EU or Cyprus), a visa application is necessary, and there are various employment requirements.

What is the minimum salary allowed by the law?

The minimum salary in Cyprus is 870 Euros gross, and it increases to 924 Euros after one year of continuous employment with the same employer. Depending on the job type, the hourly salary starts at $4.55.