Cyprus Company Registration

Why Cyprus Company Registration Is Perfect for Your Business Needs

Cyprus offers a business-friendly environment, low taxes, efficient Cyprus company registration, and easy access to the European market, making it the perfect hub for international businesses. Yobbi can assist you throughout the Cyprus company registration process, ensuring a smooth and hassle-free experience.

Competitive Corporate Tax Rate

Cyprus offers a low 12.5% corporate tax rate, with an IP Box regime that can reduce taxes on IP income to 2.5%, plus over 60 double taxation treaties.

Business-Friendly Environment

Cyprus provides a stable economy, skilled workforce, and a strong legal system, with access to EU markets and preferential trade agreements.

Efficient Company Formation

Company registration in Cyprus is quick (7-10 days) with low fees and minimal bureaucracy, making it a hassle-free process.

Access to EU Markets

Cyprus’ EU membership gives businesses access to over 500 million consumers and valuable trade opportunities across Europe.

What You Need to Know Before Incorporating in Cyprus

Setting up a company in Cyprus involves several important steps. Understanding the requirements and processes of Cyprus company registration in advance will help you establish your business smoothly. Yobbi is here to assist you at each step, ensuring full compliance with local regulations.

Company Name Approval

Ensure the company name is unique and adheres to Cyprus’ legal requirements.

Gathering Required Documents

Collect necessary documents to submit for company registration.

Submitting the Application to the Registrar of Companies

Submit the required documents and application to the Registrar of Companies for review.

Review and Approval by the Registrar of Companies

The Registrar reviews the submitted application to ensure all documents are in order and that the company complies with Cyprus regulations.

Final Company Registration and Document Filing

Officially register the company and receive the Certificate of Incorporation.

Post-Incorporation Compliance and Ongoing Obligations

After Cyprus company registration, ensure the company complies with Cyprus’ tax and legal obligations to maintain good standing.

VAT Registration:

Obtain a Cypriot Tax Number (TIN):

Bank Account Pre-Approval:

Business Licenses:

Ongoing Compliance:

Social Insurance:

To hire employees, you must register with the Ministry of Labour’s Department of Social Insurance Services. You will need to make contributions based on each employee’s salary, including:

Corporate Tax:

Overview of the Cyprus Company Setup Timeline

The estimated timeline for processing Cyprus company registration applications typically extends to 4 months or longer, depending on the applicant’s circumstances, the completeness of their documents, and the efficiency of the registrar’s processing.


The corporate setup process usually takes 7-14 working days but may take longer depending on circumstances.

  • 1-3 working days

    Choosing and Approving Your Company Name

    Submit a name reservation request to the Registrar.

  • 5-7 working days

    Preparing Documents and Submitting to the Registrar

    Collect and prepare the necessary documents for directors, shareholders, and beneficial owners (UBOs) for submission to the Registrar of Companies.

  • 1-2 weeks

    Registrar Review

    Once the application and documents are submitted, the Registrar will conduct a review to ensure everything is in order.The approval process typically takes 7-10 working days, but it can extend depending on the complexity of the application and the completeness of documents.

  • 1-3 weeks

    Post-Incorporation Setup

    Complete all necessary tasks following company incorporation, such as VAT registration, obtaining a tax ID, and setting up a corporate bank account.The process could take between 1-3 weeks. Some additional permits or licenses may be required depending on your business activities.

  • Ongoing

    Ongoing Compliance

    Once your company is fully set up, ongoing compliance involves various tasks such as annual tax filings, maintaining accurate financial records, submitting VAT returns, preparing audited financial statements, and holding annual general meetings (AGMs).

Cyprus Company Registration Pricing Package

Cyprus Company registration usually takes 7 days – 14 days for successful incorporation. Prices stated are Before GST.

Package A

This includes the following services:
EUR9,100 Per Year
  • Company Registration ................. €EUR3,800
  • Secretarial Services ............................. €EUR0 (Free for the 1st year)
  • Registered Address ............................. €EUR0 (Free for the 1st year)
  • Nominee Director Fee, Power of Attorney ("POA") and POA with Certification by Notary Public ............................................ €EUR1,800
  • Working Permit Application ......... €EUR2,500 (1 Pax) (Excluding out of pocket expenses and stamp duty)
  • ** Accounting Services and Tax Services ........................................................ €EUR1,000 (5 Bookkeeping items per month)
  • ** Price is excluded audit fees

Package B

This includes the following services:
EUR25,100 Per Year
  • Company Registration ................. €EUR3,800
  • Secretarial Services ............................. €EUR0 (Free for the 1st year)
  • Registered Address ............................. €EUR0 (Free for the 1st year)
  • Nominee Director Fee, Power of Attorney ("POA") and POA with Certification by Notary Public ............................................ €EUR1,800
  • Working Permit Application ......... €EUR2,500 (1 Pax) (Excluding out of pocket expenses and stamp duty)
  • ** Accounting Services (Bookkeeping, bank reconciliations, monthly financial reports, financial statements) and Tax Services ........................................................ €EUR6,500
  • Payroll Services (Including social insurance) ........................................................ €EUR4,000 (For First 4 Employees)
  • Opening Bank Account ................ €EUR1,500 Remote (1 bank)
  • Annual fees (Annual Return Filing, Financial Statements Filing, Company Tax Return Filing, Employer Return Filing, VAT Return Filing) ............................................ €EUR3,500 (if applicable)
  • Nominee Shareholder .................. €EUR1,000
  • Annual statutory verification of Beneficial Owners' Register ............................. €EUR500
  • ** Price is excluded audit fees

Package C

This includes the following services:
EUR30,500 Per Year
  • Company Registration ................. €EUR3,800
  • Secretarial Services ............................. €EUR0 (Free for the 1st year)
  • Registered Address ............................. €EUR0 (Free for the 1st year)
  • Nominee Director Fee, Power of Attorney ("POA") and POA with Certification by Notary Public ............................................ €EUR1,800
  • Working Permit Application ......... €EUR2,500 (1 Pax) (Excluding out of pocket expenses and stamp duty)
  • ** Accounting Services (Bookkeeping, bank reconciliations, monthly financial reports, financial statements) and Tax Services ........................................................ €EUR6,500
  • Payroll Services (Including social insurance) ........................................................ €EUR4,000 (For First 4 Employees)
  • Opening Bank Account ................ €EUR1,500 Remote (1 bank)
  • Annual fees (Annual Return Filing, Financial Statements Filing, Company Tax Return Filing, Employer Return Filing, VAT Return Filing) ............................................ €EUR3,500 (if applicable)
  • Nominee Shareholder .................. €EUR1,000
  • Annual statutory verification of Beneficial Owners' Register ............................. €EUR500
  • Bank Transactions Fees ............... €EUR5,400 (15 transactions per month)
  • ** Price is excluded audit fees

Frequently Asked Questions

The most common type of company in a Cyprus company registration is a private limited liability company (Ltd), but you can also set up a public limited company (PLC), a branch, or a representative office.

To complete a Cyprus company registration, you need at least one director, one shareholder, and a registered office address in Cyprus. The director can be a resident or non-resident.

No, you do not need to be in Cyprus to register a company. You can handle the entire Cyprus company registration process remotely with the help of a local service provider or corporate secretary. Yobbi can assist you throughout the entire process, ensuring a smooth and efficient company registration, from paperwork to compliance.

There is no mandatory minimum share capital required by law for a private limited company in a Cyprus company registration, but it is customary to have at least EUR 1,000. The share capital can be in any currency.

If your company’s taxable turnover exceeds EUR 15,600 annually, you must register for VAT in Cyprus. As part of your Cyprus company registration, VAT registration is also recommended for companies that intend to trade internationally.

As part of Cyprus company registration compliance, companies must file annual financial statements, hold annual general meetings (AGMs), and maintain accounting records. Additionally, they must file a UBO (Ultimate Beneficial Owner) register and comply with tax and VAT filings as applicable.