Frequently Asked Questions
Straight answers on Cyprus company formation, tax and residency — kept up to date by our advisory team.
Company formation & running costs
How much does it cost to form a Cyprus company?
For a limited time, we offer full Cyprus company formation for a fixed professional fee of €999 — covering name reservation, the Memorandum & Articles of Association, incorporation with the Registrar of Companies and tax (TIC) registration. Claim the offer →
How long does it take to form a Cyprus company?
Standard formation takes 7–10 business days from submission of complete KYC documents.
Do I need to be physically present in Cyprus?
No. We handle the entire process remotely. Many clients form their Cyprus company before arriving in the country.
What is the annual cost of maintaining a Cyprus company?
There is no longer an annual government levy — the €350 company levy was abolished in 2024. Ongoing costs depend on the services you require, such as registered office, company secretary and accounting, all quoted as fixed fees upfront.
What is the corporate tax rate in Cyprus?
The standard Cyprus corporate income tax rate is 15% (effective January 2026) — one of the most competitive rates in the EU.
Do I need a Cypriot director?
There is no strict legal requirement, but local directors are strongly recommended to establish tax residency and substance in Cyprus. We provide nominee director services backed by legally binding side agreements.
Personal tax & residency
Is there a remittance basis in Cyprus?
No. Cyprus taxes based on residence and source. The non-dom framework mainly affects SDC on passive income.
Can I use the 60-day route if I am tax resident elsewhere?
No. You must not be tax resident in any other country and you must meet the Cyprus ties.
Do I need a company for the 60-day route?
You need an employment, business or directorship tie. A company may be relevant depending on your facts.