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:

  • Official fees for the registration of a new company
  • 4 certificates certified by Apostille
  • Inception. contract and the Charter for the Company with Capital up to 5000 Euro
  • Full package of company documents
  • Company registration in the Tax Department
  • Stamp of the company
  • Courier delivery of documents

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:

  • Rent an office for a company, or a room in an office space
  • Provision of a dedicated telephone line and a fax
  • Hiring a part-time worker
  • Registration in the Cyprus telephone directory
  • Payment of local business tax to the local municipality
  • Participation in the Cyprus Chamber of Commerce
 

By agreement

 

  

* All services do not include VAT 19%.

The provided list of services is not final, changes and additions can be made.


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