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Company Registration in Cyprus

Expert Since 2019

PI Startup Advisory registers your business in Cyprus, opens bank accounts, and secures investor visas. We've completed 700+ documentation projects across technology, trading, and professional services sectors. Foreign investors have owned 100% without local partners with a 100% approval rate since 2019.
Specialized Cyprus Provider | 700+ Successful Application | 6+ Years Experience

Why Choose Cyprus for Your Company?

Cyprus's streamlined digital platform enables you to register a company in Cyprus online through DRCIP's e-filing system. EU membership provides direct access to 450 million consumer markets. Full profit repatriation allowed with no restrictions on capital transfer.

  • Investment

    $2,400 USD (€2,100) all-inclusive

  • Tax Rate

    12.5% corporate, 0% personal income

  • IP Box Tax

    2.5% effective rate on qualifying IP income

  • VAT Rate

    19% standard

  • Ownership

    100% foreign control permitted

  • Bank Account

    Opens in 2-4 weeks

  • Minimum Capital

    No legal minimum (€1,000 commonly used)

  • Investor Visa

    €300,000 permanent residency pathway

4-Step Company Formation Process in Cyprus

Setting up a company in Cyprus can be effortlessly completed with our 4-step process. Follow these steps to complete your Cyprus business registration:

Step 1: Company Name Reservation

Choose three proposed trade names in preference order for your business. Only licensed Cyprus Bar Association lawyers submit applications to DRCIP. Only one compliant name receives approval with a 60-day reservation.

Name Selection Criteria:

  • Must include “Ltd” or “Limited” at the end
  • Cannot conflict with existing registered businesses
  • Must not mislead regarding company activities
  • Requires accurate English or Greek spelling
Name reservation prevents others from using your chosen business name. This reservation remains valid throughout the remaining steps of registering a company in Cyprus online.

Step 2: Incorporation Document Preparation

Licensed Cyprus lawyer prepares Memorandum and Articles of Association. Only Cyprus Bar Association lawyers sign incorporation documents legally. Setting up a limited company in Cyprus requires specific documentation standards.

Required Forms:

Form Type

Description

Purpose

HE1 Form

Statutory declaration sworn by a lawyer

Legal compliance confirmation

HE2 Form

Registered office address notification

Official location declaration

HE3 Form

Directors and secretary appointment

Management structure designation

Memorandum

Company objectives and powers

Legal framework establishment

Articles

Internal governance rules

Operational procedures

Required Information:

  • Company registered office address in Cyprus
  • Business activities and scope description
  • Shareholder information and ownership percentages
  • Director and company secretary appointments
  • Authorized share capital amount

Incorporation documents establish the legal foundation for the assignment of a Cyprus company registration number.

Step 3: Registrar of Companies Submission

Submit a complete documentation package to DRCIP electronically. PI Startup Advisory manages this submission through the e-filing system. The government processes the application and conducts compliance verification.

Documentation Package:

  • Signed Memorandum and Articles of Association (2 sets)
  • Form HE1 stamped at the District Court
  • Form HE2 with registered office details
  • Form HE3 with directors’ and secretary’s details
  • Passport copies for all directors and shareholders
  • Government filing fees payment confirmation

DRCIP reviews all documents thoroughly. Final approval includes a Certificate of Incorporation with a unique Cyprus company registration number.

Step 4: Tax Registration and VAT Number

Register with the Cyprus Tax Department for a Tax Identification Number. VAT registration required if the annual turnover exceeds €15,600. Social Insurance registration is mandatory when hiring employees.

Documentation Package:

  • Certificate of Incorporation from DRCIP
  • Memorandum and Articles of Association
  • Directors and shareholders identification documents
  • Registered office address proof
  • Business activity description

The Tax Department issues the Tax Identification Number immediately. VAT number provided within 2-3 business days if applicable. Social insurance registration is completed within 1-2 business days.

Business Structure Options for Foreign Investors

  • Private Limited Company (Ltd)

    Minimum Capital: No legal minimum (€1,000 commonly used) 

    Shareholders: 1-50 permitted 

    Foreign Ownership: 100% allowed 

    Audit Requirements: Mandatory annual audit 

    Processing Time: 5-7 business days

    Best For: Technology firms, trading companies, professional services, holding companies

  • Branch Office

    Minimum Capital: No requirement 

    Shareholders: Parent company only 

    Foreign Ownership: 100% guaranteed 

    Audit Requirements: Required 

    Processing Time: 7-10 business days

    Best For: Multinational corporations, market testing, regional operations

  • Public Limited Company (PLC)

    Minimum Capital: €25,629 required by law 

    Shareholders: Minimum 7 required 

    Foreign Ownership: 100% permitted 

    Audit Requirements: Mandatory annual audit 

    Processing Time: 7-10 business days

    Best For: Large corporations, fundraising through public markets, and listed companies

  • Partnership

    Minimum Capital: No requirement 

    Partners: Minimum 2 required 

    Foreign Ownership: 100% allowed 

    Audit Requirements: Required above thresholds 

    Processing Time: 7-10 business days

    Best For: Professional practices, small joint ventures, family businesses

Required Documents for Company Formation in Cyprus

Understanding the company formation in Cyprus requirements ensures a smooth registration. All investors must provide specific documents for successful incorporation.
    • Valid passport copy (6+ months validity)
    • Proof of residential address (utility bill under 3 months)
    • Signed engagement letter with service provider
    • Directors’ consent forms signed
    • Shareholders’ subscription agreements
    • Company name reservation confirmation from DRCIP
    • Registered office address in Cyprus
    • Memorandum and Articles of Association drafts
    • Directors and secretary appointment forms (HE3)
    • Share capital allocation details
    • Certificate of Incorporation
    • Certificate of Registered Office
    • Certificate of Directors and Secretary
    • Certificate of Shareholders
    • Memorandum and Articles certified copies
    • Board resolution for bank account opening
    • Directors’ CVs and professional references
    • Business plan or activity description
    • 6-month personal bank statements
    • Source of funds documentation
    • Power of Attorney (notarized and apostilled if abroad)
    • UBO (Ultimate Beneficial Owner) declaration
    • Professional licenses for regulated activities
    • Feasibility study for substantial investments

Regulatory Bodies & Compliance

  • Department of Registrar of Companies and Intellectual Property (DRCIP): Handles company registration through the electronic e-filing system. Issues Certificates of Incorporation and maintains the Companies Register for all Cyprus company registration number assignments.
  • Cyprus Tax Department: Implements corporate tax and VAT regulations. Issues Tax Identification Numbers and processes VAT registrations for businesses. VAT threshold €15,600 annually.
  • Cyprus Securities and Exchange Commission (CySEC): Regulates financial services companies and investment firms. Issues licenses for regulated business activities under EU directives.
  • Central Bank of Cyprus: Supervises the banking sector and implements EU banking regulations. Works with the European Central Bank on monetary policy and oversight.
  • Social Insurance Services: Manages employer registration and employee contributions. Processes work permits and social security registrations for all employees.

Why 700+ Investors Choose Our Services

Exclusively focused on Cyprus company formation. Worked with DRCIP, tax authorities, and Cyprus banks directly.

Never had rejection with properly prepared documentation. Our Cyprus expertise ensures first-time approval.

Fastest private limited company processing in Cyprus. We manage all departments simultaneously.

$2,400 USD (€2,100) covers everything with no hidden fees. No surprise charges ever.

Pre-established connections with Bank of Cyprus, Hellenic Bank, and others. Guaranteed support throughout account opening.

Post-registration assistance for a full year. Annual returns, tax filings, and compliance guidance included.

Client Success Stories

Frequently Asked Questions

Company formation in Cyprus costs $2,400 USD (€2,100) for a complete package. This includes all government fees (name approval €10-30, filing €165, stamp duty €53), legal documentation, registered office, company secretary, tax registration, and 12 months ongoing assistance. Annual levy abolished from 2024.

How to register a company in Cyprus?

Follow our 4-step process: Name reservation (2-4 days), document preparation (1-2 days), DRCIP submission (5-7 days), tax registration (2-3 days). The total timeline for a private limited company is 5-7 business days. Only licensed Cyprus lawyers can legally prepare incorporation documents.

What is the Cyprus company tax rate?

Cyprus charges a 12.5% corporate tax rate on worldwide profits for tax residents. The IP Box regime offers an effective rate of 2.5% on qualifying intellectual property income through an 80% exemption. Personal income tax is 0% for non-residents. VAT is a 19% standard rate if turnover exceeds €15,600 annually.

What are the requirements for registering a Cyprus company?

Every registered company receives a unique registration number (HE plus digits) from DRCIP upon incorporation. The number appears on the Certificate of Incorporation issued by the Registrar. Required for all official Cyprus company documents, banking, and tax registrations.

How to register a company in Cyprus for foreigners?

Foreigners complete registration through a licensed Cyprus lawyer, with 100% ownership allowed. Company formation in Cyprus for foreigners requires a passport copy and proof of address, with no need for a local partner. Process takes 5-7 business days with proper Cyprus company documents. A licensed lawyer must sign the HE1 form.