Company Registration in Cyprus
Since 2007, Feod Group has been providing comprehensive business and legal services related to company registration, investment funds and trusts in Cyprus.
✓ Due diligence on documentation
✓ Corporate planning
✓ Assistance in international tax planning
✓ Submission of documents for company registration
✓ Obtaining full set of corporate documentation with apostille
✓ Providing with legal address, secretary and nominee service
✓ Applying for company registration with tax authorities
✓ Applying for opening bank accounts
✓ Company administration and many ancillary services for your business and family.
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Legal and corporate services for the registration of companies in Cyprus
If you are looking for the best place to register a new company and seek to enter the European or international market – then Cyprus is the best option in terms of income taxation, business and financial infrastructure!
12,5 tax rate. Cyprus is a very attractive proposition for foreigners who wish to implement both personal and corporate platforms in the EU.
✅ Low taxes
Corporate tax in Cyprus
Cyprus has one of the lowest corporate tax rates in the European Union with a flat rate of 12.5%.
Special IP BOX tax regime for an intellectual property company
80% of profits subject to the regime are exempt from taxation.
That is, at a corporate tax rate of 12.5%, this could result in an effective tax rate of only 2.5%.
Favorable taxation is not limited to a low corporate tax rate.
✅ Other tax incentives in Cyprus for the company and the beneficiary
Employer and employee wage contributions are among the lowest in the EU. Only 14.9% – from the employer, and 10.95% – from the employee.
• 0% on income from dividends, interest and other passive income, regardless of whether the income is received in Cyprus or worldwide.
• 0% tax on inheritance, wealth, gifts
• 50% income tax rebate for foreigners working in Cyprus with a salary of more than 55,000 euros per year.
✅ Ease of opening and running a business
The corporate law of Cyprus regulates streamlined and fast processes for setting up or relocating a business.
In the process of registering a company, there is no need for your presence on the island; you can register a company in Cyprus remotely.
In addition, most businesses operating in Cyprus use English as their working language. Thus, you will not have language barriers.
✅ Low cost of doing business without sacrificing quality
Compared to other EU countries, Cyprus can be 15-20% cheaper to run a high quality business and quality life.
By registering a company in Cyprus, you can reduce costs without sacrificing quality..
✅ Relocation of employees to Cyprus
Foreigners have the right to establish an international company in Cyprus, which can employ in Cyprus citizens of countries outside the EU. Such a company can obtain a work permit for the relevant employees and a residence permit for them and their family members.
FAQ
Having your own company in Cyprus will allow you to work and conduct business in an economically stable and prestigious jurisdiction with access to the international market, legally minimize taxes and obtain a long-term residence permit for the whole family.
There are no restrictions on opening a company in Cyprus for foreigners. In order to register your company in Cyprus, you need to go through the registration procedure: obtain a foreign tax number, select and register a company name; open a bank account and deposit the authorized capital; have a legal address; appoint a director; register a company with state and tax authorities.
The current corporate tax in Cyprus is 12.5%
For companies in the field of intellectual property, there is a special tax regime IP BOX, which allows you to reduce corporate tax to a rate of 2.5%.
In order to open a bank account in Cyprus, you need to go through the following procedure:
- Choosing a Cypriot Bank
- Collection and preparation of documents for opening a bank account
- Obtaining prior approval from a Cypriot bank
- Signing bank questionnaires and forms
- Interview with a bank representative and sending signed forms to the bank
- Access to online banking and receiving a bank card
To set up your company in Cyprus, you need:
- determine the business structure and choose the appropriate organizational and legal form of the company
- reserve a trade name for a company
- prepare the necessary documents, provide a professional and financial business profile of the beneficiaries
- availability of the legal address of the registered business
- appoint a director
- register a new company with state and tax authorities
- open a corporate account in a Cypriot bank and deposit the share capital
Cyprus attracts many companies with its low corporate tax rates and affordable incentives that allow legal tax optimization.
Basic taxes for companies in Cyprus:
- The corporate tax rate is 12.5%.
- The standard VAT rate in Cyprus is 19%. However, the effective rate can be 9% or 5%, depending on the type of activity and the company’s turnover.
- Employer Contributions in Cyprus: The employer pays around 14.9% of employees’ salaries.
- Tax on dividends in Cyprus – 0%
- Capital gains apply only to profits attributable to immovable property located in Cyprus – 20% rate.
Yes, personal presence is not required to register a company in Cyprus.
The most popular business structures for registering a company in Cyprus are:
- Individual entrepreneur
- Private Limited Company (LTD)
- Branch of a foreign company
- Cyprus Trust
Opening a company in Cyprus is the basis for business immigration. However, just a registered company is not enough. To obtain a residence permit, you must also carry out business activities, have an office, a place of residence in Cyprus and a confirmed stable income.
Under certain legal conditions, an entrepreneur and his family can obtain a residence permit in Cyprus and take advantage of all the benefits that reside in an EU country.
Also, when investing in Cypriot companies in the amount of 300,000 euros, you can get unlimited permanent residence in Cyprus for the whole family.
Contact us
For enquiries please fill in the form below. Our consultants will contact you with the details.
Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus
11B Lyuteranska St., off. 23, 01024
