Registration of low-tax companies
Company registration in Cyprus
| Cost of the company EURO |
A set of company documents with a full nominal service includes:
| 1900 Euro including VAT |
Mandatory and additional services for companies registered in Cyprus:
| Annual fixed payments: | Cost in Euros |
| Services of a nominal director (person) | 700 |
| Services of a nominal director (legal entity) | 500 |
| Services of a nominal shareholder (individual) | 700 |
| Services of a nominal shareholder (legal entity) | 500 |
| Provision of a Registered Address | 300 |
| Provision of company secretary services | 300 |
| Annual fixed tax on a Cypriot company | 350 |
| The cost of drawing up and filing a form for the payment of an annual fixed tax | 42.10 |
Additional services: | |
| Change in the Company’s Shareholder, incl. issuance of a new certificate | 350 |
| Change of Director / Secretary of the company, incl. issuance of a new certificate | 350 |
| Change of the company’s registration address, incl. issuance of a new certificate | 350 |
| Change of Beneficiaries | 290 |
| Change of company name | 550 |
| Increase of the authorized capital of the company | 550 |
| Special Power of Attorney for opening and managing a bank account for a period of 1 year | 200 |
| Special Power of Attorney for a transaction with a certain counterparty for a period of 6 months | 150 |
| Help from the bank on the existence of an account (Bank Statement) | 100 |
| The Incumbency Secretary Certificate | 300 |
| Certificate of Good Standing | 200 |
| Liquidation of the company (Exclusion from the register of companies within 2 years from the date of submission of the application for liquidation) | 2 500 |
| Liquidation of the company (Closing of the company by a court decision within 6 months) | 5 000 |
| Reissue of the Certificate of Incorporation | 200 |
| Reissue of the Certificate of Shareholders (Certificate of Shareholder) | 200 |
| Reissue of the Certificate of Directors and Secretary (Certificate of Director and Secretary) | 200 |
| Reissue of the Certificate of registered legal address (Certificate of Adress) | 200 |
| The certificate of the tax resident of Cyprus (Tax Residence Certificate) | 300 |
| Double Tax Certificate | 300 |
| Certificate of absence of tax debt | 200 |
| Printing of the company automatic | 45 |
| Apostille of one document | 80 |
| Apostille kit of 4 certificates | 150 |
| Notarization of one document | 35 |
| Annual update of the data on the Beneficiary of the company (KYC) | 100 |
| Signing of documents:
| |
| Signing of contracts as the Director of the company | 35 |
| Signing of Resolutions | 35 |
| Signing of one document / letter by a nominee shareholder / director | 35 |
| Accounting services and Audit: | |
| Company registration as a VAT payer | 350 |
| De-registration as a VAT payer (waiver of certificate) | 250 |
| Registration of a company in accordance with the requirements of the Information Exchange System (VIES) | 350 |
| De-registration as a VIES payer (waiver of certificate) | 250 |
| TAXISNET Registration | 100 |
| Registration of EORI (for companies that sell goods and services in EC countries) | 380 |
| VAT reporting (quarterly report with twenty transactions in the current of the quarter. Additional fee for exceeding the number of transactions.) | 250 |
| Reporting on VIES declarations (monthly) | 51.5 |
| Preparation and submission of an official request from the tax department | 150 |
| Preparation and submission of a declaration on preliminary calculation for profit | 100 |
| Preparation of official letters to the tax department for the correction of a previously filed declaration | 100 |
| Preparation and delivery of HE 32 | 150 |
| Employee registration in social insurance agencies (Social Insurance) | 100 |
| Preparation of a monthly calculation of the company’s PO and payment of contributions to the authorities Social Insurance (for each employee of the company) | 50 |
| Preparation and filing of a taxable income tax return | 100 |
| Payment of fines on behalf of the company | 50 |
| Preparation of an audit report for a company that does not conduct business (complete absence of accounts and statements) | 600 |
| Preparation of an audit report for the company conducting the activity | from 1500 |
| Account opening: | |
| Opening of a corporate account in a Cyprus bank with a visit to the bank | 350 |
| Opening a corporate account in a Cypriot bank without visiting the bank | 690 |
| Opening a personal account in a Cypriot bank with a visit to the bank | 250 |
| Opening a personal account in a Cypriot bank without visiting the bank | 690 |
| Opening of a corporate / personal account with Rietumu Bank (without the cost of sending documents) | 250 |
| Certification for the provision of copies of documents (passports, proof of residence address, etc.) to beneficiaries, directors, signatories to the account. | 60 |
| Updating of data on the company in the bank. Supporting the provision of supporting information on the company’s activities, counterparties, turnover, characteristics on the beneficiaries and signatories of the account. | 350 |
| Issue and reissue of Debit / Credit card | 250 |
| Execution of the opening of the banking cell | 250 |
| Courier services:
| |
| Forwarding of documents by DHL / TNT / FEDEX express service | 58,50 |
| Shipment by local courier (delivery inside Cyprus) | 21 |
| Shipment by local courier (delivery inside Limassol) | 8,50 |
| Providing a place for effective management in Cyprus: | |
| Mailing address — providing an address in Cyprus for receiving statements and letters from banks | 90 |
| It is recommended to ensure the presence of companies in Cyprus, so that the control and management of the company are carried out in Cyprus. This can be done as follows:
| By agreement
|
* All services do not include VAT 19%.
The provided list of services is not final, changes and additions can be made.
