How Much Does It Cost to Open a Company in Cyprus? (2026 Breakdown)
The honest answer most providers avoid: a Cyprus company has three cost layers — a one-off formation cost, predictable annual running costs, and optional services that depend on your structure. This guide sets out each layer, what changed in 2024 (the €350 levy is gone), and how to avoid the hidden-fee traps behind “cheap” formation ads.
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One-off formation costs
Forming a Cyprus private limited company involves a professional fee plus modest government filing charges. For a limited time, our full formation package is a fixed €999 professional fee. It covers the work that actually gets your company legally into existence and ready to trade:
- Company name search and reservation with the Registrar of Companies
- Drafting of the Memorandum & Articles of Association
- Incorporation filing and your Certificate of Incorporation
- Registration with the Cyprus Tax Department and your Tax Identification Code (TIC)
VAT and VIES registration, where your activities require it, is an additional service quoted separately — we confirm whether you need it (and the fee) in your consultation. Government and registrar disbursements are modest and are confirmed in your written fixed-fee quote before any work begins — you will never discover them on an invoice afterwards.
Standard formation takes 7–10 business days from complete KYC documents, and the entire process can be handled remotely.
Annual running costs
A Cyprus company has recurring obligations, and it is better to know them on day one. The main components:
- Registered office — every Cyprus company must maintain a registered office address in Cyprus (Companies Law, Cap. 113). We provide this in Nicosia with mail handling included.
- Company secretary — a statutory requirement. The secretary files your Annual Return (form HE32), maintains the statutory registers and prepares routine resolutions.
- Accounting and audited financial statements — Cyprus companies prepare IFRS financial statements and file a corporation tax return (IR4). Bookkeeping volume drives the cost, which is why we quote it per company rather than pretending one number fits everyone.
- VAT returns — only if you are VAT-registered.
We quote all of these as fixed annual fees upfront, so your total running cost is a known number, not a surprise.
The €350 annual levy is abolished
Until 2024, every Cyprus company paid an annual government levy of €350. That levy was abolished in 2024 and no annual government levy now applies. If a provider’s price list or an old article still includes it, the information is out of date — a useful freshness test when you compare firms.
Optional services — only if your structure needs them
- Nominee directors — recommended where you want Cyprus management and control for tax residency, backed by legally binding side agreements.
- Nominee shareholders — confidentiality of ownership with a Declaration of Trust in your favour.
- Bank account opening support — document packs and introductions to Cyprus banks, EMIs and payment providers.
- Apostille and legalisation — for documents used abroad.
Hidden-fee traps to avoid
Some formation websites advertise very low headline prices and recover the margin later. Before you commit anywhere (including with us), ask three questions:
- Is tax (TIC) registration included? A company without tax registration cannot lawfully trade — some cheap packages leave it out and charge separately.
- What are the year-two renewal fees? The formation price is paid once; the renewal price is paid forever.
- Who actually does the work? Ask whether regulated professionals handle your file, or whether it is resold to a third party you will never meet.
What you get for the money
Cyprus offers a 15% corporate income tax rate (effective January 2026), 65+ double tax treaties, EU membership with an English common law system, 0% withholding tax on qualifying dividends to non-resident shareholders, and an IP box with an 80% notional deduction on qualifying IP income. For founders relocating personally, the non-dom framework and the 60-day and 183-day residency routes complete the picture — see our guides on tax residency routes and non-dom & SDC.
FAQ
Is the €350 annual levy still payable?
No. The annual company levy was abolished in 2024. No annual government levy applies to Cyprus companies.
What does the €999 formation fee include?
Name reservation, the Memorandum & Articles of Association, incorporation with the Registrar of Companies, your Certificate of Incorporation and tax (TIC) registration. VAT and VIES registration, where required, is an additional service quoted separately. It is a limited-time fixed professional fee for a standard Cyprus private limited company, confirmed in your written engagement letter.
Do Cyprus companies need an audit?
Cyprus companies prepare IFRS financial statements that are subject to audit, and file an annual corporation tax return (IR4). We include this in your fixed annual quote.
Can I form the company without visiting Cyprus?
Yes. The entire process — KYC, incorporation and tax registration — can be completed remotely in 7–10 business days.
Limited-time offer: full Cyprus company formation for a fixed professional fee of €999 — name reservation, Memorandum & Articles, incorporation and tax registration, handled end-to-end by regulated professionals.
This article is general information, not legal or tax advice. Figures reflect the position as at September 2026; rules change and your facts matter. Advice is provided under a separate written engagement.