How to qualify for tax exemption in Cyprus?

All tax-resident companies are charged for corporate income tax of 12.5% on their worldwide income. However, foreign-source income originating from a Permanent Establishment (PE) abroad may be exempted from corporate income tax subject to anti-avoidance rules override as the following conditions are satisfied: More than 50% of foreign PE’s activities directly or indirectly result in investment income, and, The foreign tax levied on the income of foreign PE is significantly lower than the tax burden in Cyprus, In addition, a non-tax resident company whose control and management are executed from outside of Cyprus is exempt for all its foreign income. Any income originating from Cyprus would be subject to a tax rate of 12.5%.

What activities restriction are placed on a private limited company in Cyprus?

Except financial services related businesses such as bank, insurance, money services… with required permission from local financial regulatory bodies, a private company can freely conduct its business with both local and foreign entities.

What are the requirements to maintain a Cyprus private company?

Maintaining at the minimum one director/one shareholder; Maintaining local company secretary/registered address in Cyprus; Filing annual return; Filing tax return with audited financial records. For a detailed understanding of annual compliance obligations in Cyprus, please refer to our ComplyMate guide.

What types of companies can be incorporated in Cyprus?

Business owners can choose to establish a company in Cyprus under the form of private/public limited company by shares or by guarantee. In addition, foreign investors can also select to open its branch or representative office for their foreign entity. The most common Cypriot company is a private limited company.

How to name a private limited company in Cyprus?

The name of a private limited company should at least meet the following conditions: Not identical or similar to existing company names; Containing “limited” or “ltd” as its last word; Not misleading or undesirable in the opinion of the Registrar. The name approval process has to be completed before applying for company registration.

Minimum number of director/shareholder

There should be at least one director/shareholder. The maximum shareholder of a private company is fifty. The sole shareholder cannot be the company’s secretary.

Minimum registered capital

There is no specific obligation over the minimum registered capital of a private company. However, a public company’s minimum capital is 25,629 EUR.

What types of shares are allowed to issue by a Cyprus company?

Registered shares with par value, preference shares, redeemable shares and shares with no voting rights.

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Company Formation

Cyprus

Cyprus
Company Formation For International Business Expansion

Start your Cyprus company formation with BBCIncorp through a smooth, reliable process covering incorporation, compliance, and ongoing support.

Get Started

HSBC

Standard Chartered

UOB

CIMB

Payoneer

HSBC

Standard Chartered

UOB

CIMB

Payoneer

HSBC

Standard Chartered

UOB

CIMB

Payoneer

Cyprus Company Formation For International Business Expansion

Cyprus Company Formation Service Packages

Private Limited Company (LTD)

basic

US$2999

Get Started

Company Formation

Free 1st Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents
Notarized or Apostilled copies of company documents

* This Package includes everything for a foreigner to set up a new Cyprus Private Limited Company from the beginning** All-in renewal fee at US$2,799

standard

US$3399

Get Started

Everything in the Basic package

Open A Bank Account

One-time fee for application of one bank
Bank account introduction for any bank in the supported list
Certificate of Incumbency (if required)

premium

US$3699

Get Started

Everything in the Standard package

Premium Banking Support

One-time fee for application of up to 5 banks OR until the account is opened, whichever comes first
Consulting on suitable alternatives if the first application is not approved
Remote bank account opening
Fast response even on weekends
Frequent updates on the bank account opening process

basic

standard

premium

basic

US$2999

Get Started

Company Formation

Free 1st Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents
Notarized or Apostilled copies of company documents

* This Package includes everything for a foreigner to set up a new Cyprus Private Limited Company from the beginning** All-in renewal fee at US$2,799

Refund Guarantee

We refund your money in full for any Cyprus Company Formation services that we cannot deliver.

Read our policy

Essential services for company registration in Cyprus

Professional support and specialized services to help establish and manage your Cyprus company smoothly.

Strategic Corporate Advisory

Global Banking Connectivity

Digital Client
Workspace

Structured Regulatory Support

Our Cyprus Incorporation Process

Open a company in Cyprus through a clear and reliable incorporation process.

Place order

You do

Select package & submit

We do

Confirm service details

Make payment

You do

Complete payment

We do

Issue invoice

Proceed KYC

You do

Upload your documents online

We do

Review KYC

Receive docs

You do

Download your company documents

We do

Finalize registration

KYC documents checklist

Compliance gate

What you'll need to complete eKYC verification

For Individual

The following proofs are required for all company members.

Proof of identity

A certified true copy (scanned version) of the passport (valid for at least 6 months);

Bank Reference Letter / Professional Reference Letter, which must be dated within the last 3 months and include the contact details of the issuer;

A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

Proof of address

A certified true copy (scanned) of address proof (e.g., bank reference, bank statement, utility bill, or driver’s license), issued within the last 3 months.

The document must clearly show the holder’s full name and residential address in English. P.O. Box addresses are not accepted.

For corporate or entity

Corporate verification includes two parts: company documents and KYC proofs for every associated member.

Company documents

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;

Memorandum and Articles of Association/Constitution;

Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

In case the company documents can be certified via official government site, there is no need to submit certified copies.

Company members

All members must provide Proof of identity and Proof of address (same as Individual requirements)

Note:

Documents must be Certified True Copy / notarized by a Notary Public within the last 3 months
Documents must be in English or officially translated into English
Requirements may vary by case. Talk to our team for confirmation.

Why Open A Company In Cyprus

A strategic base for international businesses considering setting up a company in Cyprus.

Tax efficiency within the EU

Competitive corporate tax rate

Extensive double tax treaty network

No withholding tax on dividends paid to non-residents

Participation exemption for dividends and securities

Access to the European market

Full member of the European Union

Access to EU trade and financial markets

Legal framework aligned with EU standards

Suitable for holding and trading structures

Business-friendly regulatory environment

Flexible corporate structure options

One director and one shareholder allowed

Straightforward company administration

What our clients say

Customer Review

"BBCIncorp’s support was excellent, with transparent services and costs, and their attention to detail is second to none"

Irfan Khan

Hypermine

Customer Review

"I am really fond of BBCIncorp’s professionalism and transparency and looking forward to a long-term association."

Shraddha Khattri, Co-Founder

StartUP TRU

Customer Review

"BBCIncorp is the most suitable partner for us, I was impressed with their services in all steps."

Phong Dao, Managing Lawyer

Investpush Legal

Customer Review

"Working with BBCIncorp was a great experience, we will gladly work again with them"

Abel Caro, Executive VP & Chief Legal Officer

Alfa Solutions Corp

Customer Review

"I would highlight BBCIncorp’s promptness to keep us updated and the sensitive human touch in document management and personal interaction."

Beth B. Lawton, Assistant to General Director

Foster Swiss

Customer Review

"The process of opening the BVI company with BBCIncorp was very smooth, I don’t recall doing much except for filling out a couple of forms."

Pavlos Polianidis, Chief Technology Officer

Apocentre

Customer Review

"I am very happy with BBCIncorp's service. 10/10"

Claudia Nel, Managing Director

Sure Medical

Begin Your Cyprus
Company Registration Today

Complete the form and our specialists will contact you with tailored guidance.

Frequently Asked Questions

How can a foreigner start a business in Cyprus?

Foreigners can easily start a business in Cyprus with four steps.

First, choose a desired business type. Private limited company is most recommended one.

Second, obtain an approved company name.

Third, submit needed documents for Cyprus company setup to the Registrar of Companies. A signed statutory declaration (form HE1), MAA, relevant forms, and solemn declaration of the witness of signatures shall be required docs.

Finally, get Cyprus company compteted and receive the Certificate.

Incorporating a company in Cyprus is normally low cost and can be done within a few working days.

Which tax is an offshore company in Cyprus liable for?

Offshore companies, non-tax resident companies, incorporated in Cyprus enjoy the tax exemption for the profits from oversea sources. They are taxed at a flat rate of 12.5% for any incomes derived from Cyprus. There is no tax on dividend incomes, interest incomes, and foreign exchange gains.

Is an office in Cyprus mandatory for incorporation?

A registered address in Cyprus is required to form a company, which is included in our Cyprus offshore company formation package. Therefore, you do not need to have a physical office in Cyprus to incorporate.

How do privacy policies for IBCs work in Cyprus?

The company information is provided to the Companies Registrar in Cyprus as public records. It is to say that the Cyprus company structure can be searchable globally. Nominees are recommended in case that you require anonymity.

Is a Cyprus non-tax resident company required to file audit and financial returns?

Though being not subject to local taxation, an IBC in Cyprus must submit tax returns to the Tax Authorities and the Registrar of Companies. Additionally, a Cyprus company must file the accounting records obliged to the International Accounting Standards.

Do we need a license or permit to form a Cyprus company?

Yes, for specified activities such as banking, insurance, and financial services.

How much do I need to pay to form a Cyprus company?

To set up a Cyprus company, you should take into account the following initial types of payment:

Company registration fee
Name approval fee
Registered offce
Bank account setup

Feel free to ask our friendly consultants for more practical assistance if you are unsure of what fees to include as per your business need in Cyprus.

What is the Cyprus company formation cost?

Establishing a business in Cyprus involves varying costs depending on your chosen structure, scope of services, and level of support, typically ranging from US$2999 - US$3699.

BBCIncorp's service packages are structured to include both incorporation and ongoing compliance, helping ensure your operations run smoothly over time.

Explore our Service Pricing Packages above or reach out to our team for a quotation tailored to your requirements.

What are the Cyprus company formation requirements?

Cyprus company formation typically requires at least one shareholder and one director, along with a registered office address and company secretary. Additional requirements may apply depending on the business activity and regulatory framework.

Company Incorporation

Open Business Account

Nominee Director Shareholder

Accounting & Auditing

Company Secretary

Virtual Office

Enterprise Accountant

Cyprus
Company Formation For International Business Expansion

Cyprus Company Formation Service Packages