Cyprus Company Incorporation – 2022

Updated 26 May 2022

Cyprus Company Incorporation: Requirements for the incorporation of a company in Cyprus for 2022.  Low fees, full Nominee Services for Director and Shareholder. Bank account. Accounting Services. Get in touch with us today. Get a corporate bank account with your company. Get VAT number in 3 days! 

The procedures for a Cyprus Company Incorporation are fast and simple.  The company can be incorporated in your absence and in a few days. Choose the name of your company and we will do the rest. All we need from you is a copy of your passport, a description of the main activities of the company and the incorporation is over in 5-6 working days.

At the time you incorporate your company you will need to appoint a Director, a Shareholder and a Secretary. A Registered Office Address is also required. Finally you have to declare the capital of the company i.e. how many shares and what value each. The capital itself does not have to be paid in cash.

How to Incorporate a Cyprus Company – 2022

The documents you need to incorporate a Cyprus company are few:

1.A good color copy of your passport. It does not need to be apostilled. 

2. Proof of your address. A Utility Bill will come in handy or other proof.

3. A CV. A CV template can be sent to you to fill in.

4. A description or your plans will be needed. 

Cyprus Company Incorporation: Benefits in May 2022

One of the reasons international investors show so much preference to the Cyprus company is its multitude of tax, legal and administrative advantages that no other jurisdiction offers.

1. A Cyprus company pays only 12.5% tax on its net profits.
2. Plus it pays 0% tax on any revenues from trading in securities such as shares, bonds, forex, bitcoin, etc.
3. Also a Cyprus company pays 0% tax for all profits from the sale of real estate abroad.
4. With a proper tax optimization scheme we can reduce your corporate taxes even lower than the 12.5%!
5. A Cyprus Company is an EU company. It is acceptable in every country of the world without any problem for operating and  for trading or for banking.
6. A Cyprus company pays 0% tax on dividends paid out to the shareholders.
7. A Cyprus company pays no tax on any dividends paid to it by any other company in which it holds shares.
8. A Cyprus company is exempt from stamp duty in many occasions.
9. A Cyprus company pays 0% tax on profits of permanent establishments abroad,  such as hotels, casinos, restaurants, factories etc!
10. Cyprus has a network of more than 65 Double Taxation Avoidance Treaties with as many countries of which you can benefit!
11. You can get any documents you need for your Cyprus company very fast, in English, Appostil and at reasonable fees.

So Incorporate a Cyprus Company today and be on your way to success and low tax bills. Our firm will do everything by email, fax and courier. Cyprus company formation process formalities, fees, time schedule, benefits and so on can be seen in our article on Cyprus company formation:  Cyprus Company Formation .

TIC number and VAT Number in 2022

Upon its incorporation a Cyprus company must within 30 days be registered at the Tax Office to secure its TIC number. The company must once a year file audited accounts and pay its income tax-corporate tax. Upon incorporation we will register your company at the Tax Office in 48 hours! For info on Cyprus corporate tax rate and other taxes follow the link.

Also a new company must register with the Vat Authority and get its EU Vat registration number. This must be done as soon as it begins operations and calculates that it will have sales per year over the sum of 17k. We can have it in about 2 days!   You will be getting a Vat Registration Certificate in Greek, in about 2 months after incorporation. For more info about vat registration follow this link: Cyprus VAT Registration.

Bank Account for Company in Cyprus – 2022

Our Firm can open a bank account for your company in Cyprus or abroad in a few days and with minimal formalities even for high risk operations. We can open your bank account  without your presence. All is done by email and courier!  Your business bank account will offer you many professional facilities such as :

1.Debit/credit card valid all over the world.

2. Internet Banking without restrictions 24/7!

3. No minimum deposit terms.

See our article for an online Cyprus bank account for more info and advice on how to open an easy bank account.

Accounting Services – 2021

Our Firm offers a one stop shop service. When your Cyprus company is incorporated we can arrange with our independent Accounting Associates to offer you all the Accounting/Audit/Vat services you will need. There is no need to look around and waste your time and effort. We offer best market accounting fees! Our article on Accounting and Audit services will give you a lot of info and advice. Visit it. 

Call us or email us for more details and quote of fees and we will revert to you within the hour.