Company Incorporation

Thank you for your interest in incorporating a company in Cyprus.  Our clients have found the security of a Cypriot company essential for their business continuity, and we are certain the same will be true for you.  The following is information to clarify the incorporation process. 

Do I have to travel to Cyprus?

• No, a physical presence in Cyprus is unnecessary. We can complete the process fully by correspondence.

Can I constitute an offshore company in Cyprus?

• No, only a Limited Liability Company may be incorporated subject to Cypriot law.

What is the tax for a Cypriot Limited Liability Company?

• 12.5% for profits after the deduction of all deductible expenses.

• The dividend income deriving from a subsidiary of a Cypriot Limited Liability Company is exempt from taxation.  

• Dividends distributed to non-Cypriot residents as shareholders of a Cypriot Limited Liability Company are not taxable.

Which banks do you work with in Cyprus?      

• Bank of Cyprus

What are the required documents?

• Valid passport copy

• Valid identity card copy

• Recent utility bill not older than 3 months (i.e., electricity, water, landline, etc.)

• Certificate of residence

• Short professional CV

• Bank reference letter from your current bank

• Source of wealth documentation. For example:

  • Bank reference letter from your current bank

  • Bank statement covering the first day of the calendar year to date for personal or business account

  • Financial statements of owned companies together with proof of ownership of these companies duly signed.

  • Dividend declarations and proof of the dividend payments.

  • Tax Declaration Forms of recent years, (or Capital Statement if available).

  • Payslip or employer letter declaring the compensation granted.

  • American Citizens or Green Card Holders a FATCA self-certification form completed by auditor (attached).

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