Advantages of setting up a company in Cyprus
The process required to register in Cyprus
Information required to register a Cyprus company
- Certificate of shareholder director: notarized passport/ID card, address proof (nearly 3 months).
- Company name approval: Provide 3 alternative names in English and retain them for 20 days after review.
- Proof of Registered address: A local address is required (can be provided by an agent) for government contact.
- Registered capital confirmation: Standard share capital €1,000 (no capital verification), to be stated in the articles of association.
Information is available upon registration
Certificate of registration
Articles of association
Company signature seal
Company shareholder certificate
Company information card
Letter of authorization of nominal director
Commercial Secretary authorization document
Steel seal
Tax filing service
Details may vary depending on the type of company, its size and location
Enterprise income tax declaration
Tax rate of 12.5%, once a year, required to submit audited financial statements (except exempt enterprises).
Value Added Tax (VAT) filing
Standard tax rate of 19%, quarterly declaration, annual income over €15,798 compulsory registration.
Dividend/interest withholding tax
Non-resident shareholders are exempt from withholding tax, but need to report payment records for future reference.
Employer social security payment
Monthly social security contributions (16.6% for employees + 8.3% for employers), which cover health insurance pensions.
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