Cyprus Company Formation

Why the Cyprus Company Is So Attractive Internationally

Cyprus stands out as a premier destination for international business due to its:

Low Corporate Tax Rate: At 12.5%, it’s one of the most competitive in the EU.
Strategic Location: A bridge between Europe, Asia, and Africa, ideal for trade and commerce.
EU Membership: Provides access to the European Single Market and favorable regulatory frameworks.
Extensive Double Tax Treaties: Over 65 agreements minimize tax liabilities for international operations.
No Withholding Tax: On dividends, interest, and royalties paid to non-residents.
Business-Friendly Environment: English is widely used in business, and the legal system is based on English Common Law.

📝 Company Formation Procedure

Forming a company in Cyprus involves the following steps:

Engage a Licensed Lawyer: Only lawyers registered with the Cyprus Bar Association can prepare and sign the necessary incorporation documents.
Name Approval: Submit an application to the Registrar of Companies to reserve your desired company name.
Prepare Incorporation Documents: Draft the Memorandum and Articles of Association, and complete forms HE1, HE2, and HE3.
Submit Documents: File the documents with the Registrar of Companies, either electronically or in person.
Obtain Certificate of Incorporation: Once approved, you’ll receive the official certificate and can begin operations.

🔤 Cyprus Company Name Approval

Choosing an appropriate company name is crucial:

Uniqueness: The name must not be identical or similar to existing company names.
Restricted Terms: Words like “bank,” “insurance,” or “trust” require special permissions.
Approval Timeframe: Name approval typically takes 3–5 working days.

📄 Basic Corporate Documents

Essential documents for company formation include:

Memorandum and Articles of Association: Outlining the company’s structure and operational guidelines.
HE1 Form: Declaration of compliance.
HE2 Form: Notification of the company’s registered office address.
HE3 Form: Details of directors and the company secretary.
Identification Documents: Certified copies of passports and proof of address for all directors and shareholders.

⏱️ Registration Timeline

The company registration process in Cyprus is efficient:

Standard Registration: Approximately 7–10 working days.
Accelerated Registration: Available for an additional fee, reducing the process to as little as 2 working days.

💶 Company Formation Fees

While fees can vary based on specific requirements, typical costs include:

Name Approval Fee: €10–€30.
Incorporation Fee: €165 standard; €265 for expedited processing.
Professional Services: Legal fees, registered office, and nominee services vary; Read our article here about Professional and other fees.

🔗 Explore More at CyprusCompaniesPortal.com

For comprehensive information on Cyprus company formation, including detailed guides, resources, and updates, visit our dedicated portal: www.cypruscompaniesportal.com.

📩 Ready to Set Up Your Cyprus Company?

Our team of experienced professionals is here to assist you every step of the way. Whether you have questions or are ready to begin the incorporation process, we’re here to help.

📧 Contact us by completing the form below!

We look forward to helping you establish your presence in Cyprus!

We also support UK-based insurance brokers with company formation in Cyprus as part of the EU licensing and passporting process. Learn more about obtaining a Cyprus insurance license →.