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Company setup cost in Cyprus

Official fees, firms' starting prices and registration time, with the source of every figure.

Company setup cost

Cyprus

Setup cost EUR 1,350 to 2,000
First year in total From EUR 2,490
Registration time Not published once the application is complete

Official fees of the base option plus the starting prices published by firms for the services switched on below.

Get your detailed report and quotes from firms in Cyprus

Services from a firm

Starting prices published by firms on Accountanty, one price per firm. Most firms do not say whether government fees are included.

  • EUR 1,170 to EUR 1,820 one-offStarting prices published by 19 firms
  • EUR 500 to EUR 2,100 per yearStarting prices published by 9 firms
  • EUR 295 to EUR 600 per yearStarting prices published by 8 firms
  • From EUR 325 per yearStarting prices published by 7 firms
  • From EUR 800 per yearStarting prices published by 6 firms
  • Price on requestFewer than 5 firms publish a price (2)
  • From EUR 300 one-offStarting prices published by 6 firms
  • EUR 500 to EUR 812 one-offStarting prices published by 8 firms
  • Price on requestFewer than 5 firms publish a price (4)

Breakdown of the estimate

Name approval, per proposed nameEUR 10Official, at setupcompanies.gov.cy
Incorporation fee (online, company with share capital)EUR 165Official, at setupcompanies.gov.cy
Annual return filing feeEUR 20Official, every yearcompanies.gov.cy
Company formation by a firmEUR 1,170 to EUR 1,820Firms, one-offStarting prices published by 19 firms
Accounting and annual accounts (small company)EUR 500 to EUR 2,100Firms, per yearStarting prices published by 9 firms
Registered office or legal addressEUR 295 to EUR 600Firms, per yearStarting prices published by 8 firms
Company secretaryFrom EUR 325Firms, per yearStarting prices published by 7 firms
Resident director serviceFrom EUR 800Firms, per yearStarting prices published by 6 firms
Annual return or annual report filingPrice on requestFirms, per yearFewer than 5 firms publish a price (2)
VAT registrationFrom EUR 300Firms, one-offStarting prices published by 6 firms
Bank account opening assistanceEUR 500 to EUR 812Firms, one-offStarting prices published by 8 firms
Residence visaPrice on requestFirms, one-offFewer than 5 firms publish a price (4)

Base: one name approval and online incorporation of a company with share capital, without the optional faster services.

Get your detailed report and quotes from firms in Cyprus

We email you a PDF with the official fees and their sources, the firms' starting prices, the steps, the documents, the yearly obligations and the firms offering company formation in Cyprus. We also share your request with firms we select there, who may contact you with quotes.

Taxes in Cyprus

Your country of residence may tax the dividends you receive, and it may also tax the company's profits under its rules on foreign companies controlled by its residents. A company managed from your country may be treated as resident there. This is general information, not tax advice.

Corporate tax

  • From 1 January 2026 Cyprus companies pay corporate income tax at 15%. gov.cy

Tax on dividends paid abroad

  • Individuals who are not Cyprus tax resident, or not domiciled in Cyprus, are not subject to Special Defence Contribution on dividends. gov.cy
  • Dividends paid to a non-resident company carry Special Defence Contribution only if that company is resident in a jurisdiction on the official lists: 5% or 17% depending on the list. gov.cy

VAT

  • VAT standard rate 19%; reduced rates 9% and 5%; super reduced rate 3%. europa.eu
  • VAT registration when taxable supplies exceed EUR 15,600 in the last 12 months or are expected to in the next 30 days. companies.gov.cy

Try a yearly profit

Assumption: one shareholder, an individual who is not resident in Cyprus, holds 100% of the company.

Paid out as dividends

Destination taxes only, before tax treaties and before any tax in your country of residence.

Corporate tax in CyprusEUR 15,000 (15%)
Dividend paidEUR 85,000
Tax withheld in Cyprus on the dividendEUR 0
Dividend received, before any tax in your countryEUR 85,000
Profit kept in the companyEUR 0
  • Nothing is shown as withheld on the dividend because a non-resident individual is not subject to Special Defence Contribution.

Tax facts checked on 2026-10-23 from the official sources linked above. Rates change: check them with a firm before you act.

How the estimate is built

What the figures include

  • Firms' figures are starting prices published by firms listed on Accountanty, read from their websites in October 2026: the range runs from the lower to the upper quartile, with at least 8 firms; "from" means 5 to 7 firms; below 5 the price is on request.
  • Official fees are added up only for the base option named in the breakdown. Other options and fees that apply only in some cases are listed separately.
  • The annual company fee was abolished from 2024 (Law N.25(I)/2024).
  • A company without share capital costs EUR 235 to incorporate online instead of EUR 165.
  • A company secretary is required; a sole member who is also the sole director may act as secretary.
  • Deemed dividend distribution is abolished for profits of the years from 2026.

All official fees

Name approval, per proposed nameEUR 10At setupcompanies.gov.cy
Faster name approval, per proposed name (optional, on top of the EUR 10)EUR 20At setupcompanies.gov.cy
Incorporation fee (online, company with share capital)EUR 165At setupcompanies.gov.cy
Accelerated registration (optional, on top of the incorporation fee)EUR 100At setupcompanies.gov.cy
File of translations (optional)EUR 160At setupcompanies.gov.cy
Annual return filing feeEUR 20Every yearcompanies.gov.cy

Not published by the authorities: Lawyer's fee for preparing and signing the memorandum, articles and form HE1 (not regulated); Registration time in working days, standard and accelerated.

Time to register: Registration is generally completed within a few days; the Registrar offers an accelerated procedure for an extra fee. Minimum share capital: No minimum share capital for a private company.

Steps

  1. Apply to the Registrar of Companies for approval of the company name companies.gov.cy
  2. A lawyer licensed by the Cyprus Bar Association prepares and signs the memorandum, articles and form HE1 investcyprus.org.cy
  3. File the incorporation through e-filing within six months of the name approval companies.gov.cy
  4. Register with the Tax Department and obtain a tax number within 60 days of incorporation companies.gov.cy
  5. Enter the beneficial owners in the register within 90 days of incorporation companies.gov.cy
  6. Register with the Social Insurance Services when the company becomes an employer companies.gov.cy

Documents and requirements

  • Memorandum and articles of association, signed in Greek companies.gov.cy
  • Statutory declaration form HE1, signed and sworn before the court by the lawyer companies.gov.cy
  • By hand or post: form HE2 (registered office address) and form HE3 (first directors and secretary) companies.gov.cy
  • At least one director, aged 18 or over companies.gov.cy
  • One company secretary aged 18 or over; the director may also be secretary only with one member and one director companies.gov.cy
  • A registered office address is filed with the incorporation (form HE2) companies.gov.cy
  • Only lawyers licensed by the Cyprus Bar Association may prepare and sign the memorandum investcyprus.org.cy
  • Firms that provide administrative services to companies need a CySEC licence cysec.gov.cy

Every year

  • First annual return made up 18 months after incorporation, then yearly, filed within 28 days of its drafting date companies.gov.cy
  • Late annual return: up to EUR 50, plus EUR 1 a day, to a maximum of EUR 150 companies.gov.cy
  • Every private company's financial statements are audited by a statutory auditor cylaw.org
  • A review may replace the audit where turnover and balance sheet stay within EUR 300,000 and EUR 500,000 for two consecutive years cylaw.org
  • From tax year 2026 every Cyprus company files a tax return, whatever its income, by 31 January of the second following year gov.cy
  • Beneficial owner details confirmed each year between 1 October and 31 December companies.gov.cy

What the cost of a company in Cyprus is made of

Most of the Cyprus company formation cost is professional work rather than registry fees. The Registrar charges EUR 10 to approve each proposed name, or EUR 20 more for a faster approval, and EUR 165 to incorporate a company with share capital online. Accelerated registration adds EUR 100. Invest Cyprus says registration is generally completed within a few days.

Only lawyers licensed by the Cyprus Bar Association may prepare and sign the memorandum, and their fee for it is not regulated, so ask whether a formation price covers it. Starting prices published by 19 firms run from EUR 1,174 to EUR 1,824 at the quartiles, and 17 of them do not say whether the Registrar’s fees are part of the price.

The law also requires a company secretary and a registered office address. A company secretary is offered from EUR 325 a year by 7 firms, and 8 firms publish registered office prices between EUR 295 and EUR 600. A resident director, which some founders add, starts from EUR 800 a year with 6 firms. Opening a bank account through a firm is priced between EUR 500 and EUR 812 by 8 firms.

Each year the annual return costs EUR 20 and every private company’s financial statements are audited by a statutory auditor, unless the review option for very small companies applies. The calculator below adds these Cypriot items for the services you choose; for the firms, see the Cyprus guide or company formation in Cyprus, or request quotes.

Setup costs in Cyprus: questions and answers

Is there still an annual company fee in Cyprus?

No. The annual company fee was abolished from 2024 onwards by Law N.25(I)/2024, although one Registrar page still shows the old amount. What remains each year is the annual return filing fee of EUR 20, plus the audit and the tax return.

Does every Cyprus company need an audit?

The law requires a statutory audit of every private company's financial statements (Cyprus law). A review may replace the audit when turnover stays within EUR 300,000 and the balance sheet within EUR 500,000 for two consecutive years. Ask firms to quote the audit or review separately from bookkeeping.

Can the director also be the company secretary in Cyprus?

Only when the company has one member who is also its one director. With more members or directors, a separate secretary aged 18 or over is needed, which is why the calculator treats the secretary as a required service.

What tax filings follow the setup in Cyprus?

From tax year 2026 every Cyprus company files a tax return, whatever its income, by 31 January of the second following year. Corporate income tax is 15% from 1 January 2026. Your country of residence may tax the company or the dividends you receive as well, so take advice there before you decide.

Sources and notes

  1. investcyprus.org.cy read 2026-10-13
  2. companies.gov.cy read 2026-10-13
  3. companies.gov.cy read 2026-10-13
  4. companies.gov.cy read 2026-10-13
  5. companies.gov.cy read 2026-10-13
  6. companies.gov.cy read 2026-10-13
  7. companies.gov.cy read 2026-10-13
  8. companies.gov.cy read 2026-10-13
  9. cysec.gov.cy read 2026-10-13
  10. companies.gov.cy read 2026-10-23
  11. companies.gov.cy read 2026-10-23
  12. cylaw.org read 2026-10-23
  13. gov.cy read 2026-10-23
  14. gov.cy read 2026-10-23
  15. gov.cy read 2026-10-23
  16. gov.cy read 2026-10-23
  17. europa.eu read 2026-10-23
Compare 273 firms offering company formation in Cyprus Guide: setting up a company in Cyprus Compare: Malta vs CyprusCompare: UAE vs Cyprus All destinations in the calculator

Official figures checked on 2026-10-23. General information, not legal or tax advice: check the official sources and confirm costs with a firm before you act.