Company formation in Cyprus
Private limited company (Ltd)
Legal minimum, year 1£2,257
Legal minimum, per year after£1,217
Typical year 1£4,232
Corporation tax15%Ease Banking
Every fee
Setting up
Government fee£140
About €165 registrar feesLawyer (must sign the articles)£600 to 1,300
Required
Registered office and secretary£300 to 700
Required
Certification and apostilles£0 to 150
Optional
Share capitalNone (€1,000 typical)
Time to form1 to 3 weeks
Running it, per year
Annual return£17
Required
Statutory audit£900 to 2,000
RequiredMandatory for every company
Registered office and secretary£300 to 700
Required
Accounting and tax returns£0 to 1,200
Practically needed
Legal minimum after year 1£1,217
Audit: Mandatory for all companiesForeign ownersNo legal requirement, but Cypriot directors usually needed for tax residenceRemote via a Cyprus lawyer, who must sign the articles
Tax15% from 1 Jan 2026 (was 12.5%)Dividend withholding: 0% to non-residents (5% to low-tax countries)VAT/GST: 19%
BankingBank accounts for foreign-owned companies take 4 to 8 weeks
Deemed dividend rules abolished from 2026.
Questions
- How much does it cost to set up a company in Cyprus?
- The legal minimum for the first year is £2,257, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £4,232. The government fee is £140 (About €165 registrar fees). Share capital is not included.
- How much does it cost per year to run a company in Cyprus?
- The legal minimum after the first year is £1,217 a year. Running costs including optional and practically needed services range from £1,217 to 3,917. Audit: Mandatory for all companies.
- Do I need a local director in Cyprus?
- No. No legal requirement, but Cypriot directors usually needed for tax residence.
- Can a non-resident form a company in Cyprus remotely?
- Yes. Remote via a Cyprus lawyer, who must sign the articles.
- What is the corporation tax rate in Cyprus?
- 15% from 1 Jan 2026 (was 12.5%). Dividend withholding: 0% to non-residents (5% to low-tax countries). VAT/GST: 19%.
- How long does it take to form a company in Cyprus?
- 1 to 3 weeks.
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