Review the proposed business
Send the activity, owners, management locations and the reason for choosing Cyprus. For a group structure, include an ownership chart and the role of each entity.
Company formation in Cyprus
Plan incorporation around management, contracts, ownership and the administration needed to support your commercial purpose.
Discuss my Cyprus company
The first discussion looks at the contracts or assets involved, who will make decisions and what local support the company would need.
A registered address does not establish management
We form a Cyprus LTD for EUR 3,250, with annual support from EUR 1,700, and coordinate local experts, banking support and annual obligations. From 1 January 2026, Cyprus taxes company profit at 15%. The EUR 350 annual registry levy was abolished from 2024, although unpaid levies for 2011 to 2023 remain due.
We coordinate Cyprus company formation for trading, services and holding interests in other businesses. The starting point is what the company will own or sell and where its decisions will be made.
Last checked: 6 November 2026, Aleksandar
Fit, documents and risks
Our price list
- Cyprus LTD
- Formation: EUR 3,250
Annual cost: from EUR 1,700
Prices are stated in the currency of our price list. The formation price includes the first year of maintenance, so the annual fee applies from the second year.
Who it suits
- Trading or service businesses with a commercial reason for an EU company in Cyprus.
- Owners assessing a holding structure alongside advisers in the countries involved.
- Businesses prepared to keep books, file financial statements and run a real management arrangement.
Documents to prepare
- Passport and recent proof of address for each shareholder, director and beneficial owner.
- A description of the activity, suppliers, customers and expected transactions.
- Evidence of source of funds for the initial capital and the expected turnover.
- For a corporate shareholder: certified registry documents and an ownership chart.
- Contracts or other business evidence for the bank, plus the proposed director arrangement.
Common misconceptions
- A Cyprus company is automatically tax resident in Cyprus. Tax residence depends on where the company is actually managed and controlled. Decisions taken in another country need a case-specific assessment.
- Incorporation brings treaty benefits. Residence, beneficial ownership, the transaction and the treaty conditions all need to be assessed by your adviser.
- A company with little activity has nothing to file. The annual return and the financial statements still go to the registrar, and the register has to stay current.
Risks to plan for
- Management from another country can make that country relevant to the company’s tax position.
- When you take over an existing company, unpaid annual levies for 2011 to 2023 remain due.
- Bank onboarding depends on the ownership chain, source of funds and business evidence.
- Bookkeeping started late makes the financial statements slower and more expensive.
Incorporation and local administration
Plan the annual administration costs
Formation is EUR 3,250 and annual support starts from EUR 1,700, the minimum of the mandatory yearly costs without bookkeeping and audit; the written offer states what the annual fee covers for your company. Accounting, audit, management services, translations and banking support are identified separately. Since 2024, Cyprus no longer charges the EUR 350 annual levy, and company profit is taxed at 15% from 1 January 2026.
Discuss my Cyprus companyOff-Shore.net, a service of Euro Commerce LLC, coordinates company formation, banking preparation and annual administration from contact offices in the United States and Serbia.Meet the people coordinating your case
Define what the company will own or sell
If contracts, decisions and day-to-day work happen in other countries, those connections need to be understood before incorporation. A holding company also needs a clear account of its assets and income. These details affect professional advice, bank checks and the local services you should budget for.
Define the transactions
For a trading company, describe suppliers, customer countries and the movement of goods. For a service company, explain who performs the work. For a holding company, identify the assets and anticipated income. A precise explanation is more useful than a broad description such as international business.
Decide where company decisions will be made
Decide who will approve contracts and funding, how records will be kept and what local professional support is required. Tax residence, treaty access and substance depend on the facts and current rules. They should be reviewed by qualified advisers rather than inferred from the country of incorporation.
Include financial statements in the plan
The Cyprus registrar links the annual return with the relevant financial statements. Company changes must also be reflected correctly in the register. Arrange bookkeeping from the first transaction and confirm the applicable preparation, review or audit requirements with the professional handling the accounts.
Management decides more than a Cyprus address
For a founder dividing time between countries, a Cyprus company needs a credible management arrangement. A local address and a travel schedule do not establish the company’s residence, the owner’s residence or entitlement to treaty relief.
The business behind the account
Your company- Owners
- Residence and who makes decisions
- Customers
- Where payments come from
- Suppliers
- Where the company sends money
- Activity
- What customers actually buy
Together, these facts explain why the company needs this account.
Holding assets and managing from abroad
What does a Cyprus company cost with you?
Cyprus LTD formation is EUR 3,250 and the annual fee starts from EUR 1,700, in euros as listed in our price list. The final annual amount depends on the accounting and services the company needs, and the written offer states it before you agree.
What is the annual cost on the state side?
The EUR 350 annual levy was abolished from 2024 under Law 25(I)/2024, although unpaid levies for 2011 to 2023 remain due. The company still files an annual return and financial statements, and from 1 January 2026 company profit is taxed at 15%.
Can I use the company to hold shares in another business?
A holding purpose can be reviewed, but the assets, ownership chain, distributions and countries involved matter. Dividend tax depends on the paying country, the applicable treaty and the owner’s residence, so tax and legal advice should assess the whole arrangement before shares are transferred.
Does a Cyprus company automatically receive treaty benefits?
No. Incorporation alone does not establish entitlement. Residence, beneficial ownership, the transaction and the relevant treaty conditions need a case-specific assessment by your adviser.
What evidence supports a banking application?
Prepare the ownership chain, director and owner identification, source of funds and an explanation supported by contracts or other business evidence. Banking support is a separate service priced from EUR 300 to EUR 3,000, excluding bank deposits and the institution’s own fees. The bank decides on the account; our fee covers the agreed work.
What if my company has little activity?
Low activity does not mean the entity can be ignored. Confirm the accounts, annual return and other ongoing obligations with your local professional, and keep the registered information current.
How long does formation take?
It depends on the name approval, the completeness of the documents and the checks by the local professionals and the bank. We confirm the timeline for your case in the offer instead of promising a date.
How is a Cyprus company taxed in my home country?
It depends on your tax residence, where you and any staff do the work, and the rules of your country, including any rules on foreign companies. Where the company is managed and how dividends are taxed where you live both matter. Ask a tax adviser in your country of residence before the company starts invoicing.
Compare your next options.
United Kingdom
Coordinate formation, the LLP agreement and recurring filings around the way your members will work and share profits.
Scotland
Review management responsibility, limited-partner participation, ownership disclosure and banking before registration.
Banking preparation
Review the activity, ownership and payment flows an institution will need to understand.
Sources and further reading
Check the original requirements for your case. Rules, fees and provider policies can change.
Discuss your Cyprus company
Cyprus may support trading or a group’s ownership structure when its role is clear. Management, banking and annual accounts belong in the same decision. Describe what the company would own or do; we can then discuss the incorporation and support needed for that purpose.
Discuss my Cyprus company