Cyprus Company Formation in 2022

Updated 17th of  May 2022

How do I register a company in Cyprus?  Is Cyprus company formation possible in my absence?  How fast can I set up a Cyprus company?  all these questions and more can be answered to you if you get in touch with us.


We are located in Cyprus and have expertise since 1979!  Our hundreds of international clients are with us for many years. Trust the experts! We offer very competitive fees too. Cyprus company formation is fast and fuss free. We make it simple. Time is money. Don`t risk your future. We can register your company in 6 days. See below a few notes on Cyprus Company Formation 2021.


Documents for Cyprus Company Formation –  May 2022:

For the incorporation of your company you don`t need too many documents. Only your passport, a utility bill, a CV and to fill in our questionnaire. We will do the rest. Your presence is not required. Everything is done by email and courier. 


Fast Business Bank Account – May 2022


Our Firm will open a fast bank account for  your company as soon as it is incorporated. You have a choice of a Cyprus bank or an international bank. We do not require your presence. Minimum documents as possible offering the following facilities:

1.Debit/credit card for one or more,

2. Internet banking 24/7,

3. Multicurrency at no extra charge,

4. No minimum deposit,

5. No restrictions on transfers,



Get EU VAT Number in 48 hours

Our Firm can get you an EU Vat Number in about 48 hours after your Cyprus company formation. Vat rate in Cyprus is 19%. If you have an ECommerce business, now you don`t need to register your company in many countries. Cyprus will collect such Vat Tax and pay it to the various countries. You save a lot of costs and time!



Tax Benefits of a Cyprus Company – May 2022


A Cyprus company pays only 12.5% corporate tax, 0% tax on dividends to the shareholders, 0% tax on dividends paid to the company, 0% tax on the revenue from sale of the shares of the company, 0% Capital Gains Tax, 0% Stamps duties, No withholding tax, only 2.5% tax on revenue from IP rights.


See below a few quick bullet points for Cyprus Company Formation:



  • Our speed is our capital. We know that time is money. We do not want to waste your money. Get your Cyprus Company Formation in 4-5 days. 
  • Reasonable and client friendly fees. No Hidden Costs! We offer you Nominee Director and Shareholder for very reasonable fees. Get in touch and ask us to quote the terms and fees for nominee services. 
  • Operate from your country. No need to be in Cyprus. You save thousands of costs in labor, rents, electricity and other amenities by operating your company from your country, from your office. 



  • A Cyprus company can be tax resident or non tax resident in Cyprus. If you appoint a local nominee director your company will be tax resident and if you become director yourself your company will be non tax resident. Call or email us for more information.
  • What type of company should I choose? The company everybody uses is the private limited liability company. This is a private company, limited by shares and as the name says, your responsibility to creditors is limited to the capital you issue!



Frequently Asked Questions

By the Cyprus Company Law, Cap 113 and the general legislation or the Common Law principles there are no restrictions at all as to the Real Owner of a Cyprus Company. Any physical person from any country and of any nationality if he is of age and not a bankrupt can be the Owner Shareholder 100% of a Cyprus company. Also any legal entity such as another company, or Trust, or Foundation or any form of legal entity such an LLP etc can be the Owner Shareholder of a Cyprus Company.
There is peculiarity on this issue. You can be the Director of your company of course but the rule is that for your company to be Tax Resident in Cyprus and benefit of the very low taxes, the management and control of the company must be in Cyprus. That means that the director must be residing in Cyprus. What can you do? You can appoint a Nominee Director i.e. a local person to act as Director on your behalf. Our Firm offers Nominee Director services. Ask for details.
There are two addresses you may have. One is the Registered Office Address. This required by the Company Law to be in Cyprus. This address is only useful for the notification of official letters or other communications to your company by the Registrar of Cyprus Companies, the Tax Office, the Vat Authority, any other Cyprus Authority and by any third parties who need to officially communicate something to your company and to you. This address is not the Business Address of the company and you may not use this address on the official documents of the company such as invoices, website, letters, business cards etc. If you need such a business address we offer Virtual Office Services. Please visit our relevant article or ask for details.
You may suggest a name of your liking or choose a name from our list of pre-approved company names. It`s free. If you suggest your own name it will have to be approved by the Registrar of Cyprus companies. It takes generally about 5 days for its approval. The name must not contain any offensive words, illegal content, must not be identical or similar to other names in the records of the Registrar and must not appear on the internet as the name of any other person worldwide.
A Cyprus company has very low yearly maintenance costs compared to most EU countries. The main services required for it are the Registered Office Address, the Registrar renewal fee, the filing of HE 32 document and the filing of the yearly Financial Statement. If you use the services of a Nominee Director of course then you will have to pay his yearly salary. Finally must keep in mind that your company must file audited accounts every year and file vat declarations on a quarterly basis. Ask for details to get a full picture. These fees are much lower than in any central European state.
If you deposit 173 K Euro in the Bank Account of your Cyprus company in Cyprus you get a work permit. This money is not blocked. It can be used for the needs of the company such as salaries, rents etc. If you return it to its source after you get the work permit, if the immigration happens to check on it which is very rare you may be requested to return the money back.


Cyprus IBC for 2022


A Cyprus IBC company is a private limited liability company.

Cyprus company formation for 2022: Our Firm is one of the oldest Law Firms in Cyprus. We have the expertise to make your company formation fast and simple. No fuss. No time wasting. Our Firm has been incorporating companies since 1979!


We can form your IBC company in your absence. There is no need to be present in Cyprus in order to form your company. 


All Nominee services for your IBC i.e. Nominee Director and Nominee Shareholder for full confidentiality and tax residency of your company plus Nominee Secretary. 


Bank Account with your IBC company formation. A Cyprus company can get a bank account in any country it chooses.    


EU VAT NUMBER IN ABOUT 48 HRS!  We can get you an EU VAT NUMBER in 4-5 days!  On the registration of your company at the VAT Authority a Cyprus vat registration certificate in Greek is issued. That is sent to you in the company Kit.


Cyprus Company Registration is a term also  popularly used for  the formation of a company, although technically it is the act of the Registrar to register your company in the records of the Registrar of Companies and issue your company certificates.


Cyprus Offshore Company – May 2022


A Cyprus Offshore Company is a company which does not do business in Cyprus. It is widely used by international investors to carry out their business through Cyprus but not in Cyprus. A Cyprus Offshore Company offers a multitude of tax, legal and administration advantages. A Cyprus Offshore Company can be set up within 4-6 working days by our Firm remotely. It is a private limited liability company. 

See the difference between an international company and a local tax resident company by following this link:   Cyprus Offshore Company.


Benefits of a Cyprus company for 2022:

  1. Only 12.5% corporate tax!
  2. 0% tax on the dividends paid out to its shareholders.
  3. Only 2.5% tax on revenues from intellectual property rights.
  4. 0% tax on dividends received from subsidiary companies all over the world.
  5. 0% tax on any profits made by trading in its own shares.


Cyprus Shelf Company – May 2022


A Cyprus Shelf Company is a ready made company. A company off the shelf. It can be used by investors who are in a hurry to sign a great deal, or to take advantage of a legislation which may be on the way out. 


Any physical person of age and any legal entity irrespective of nationality can own a Cyprus Shelf company. A company in Cyprus is also called an IBC, or Cyprus IBC which means a Cyprus International Business Company. Follow this link if you want to read more about a Cyprus IBC.



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