Table of Contents
Why a Company in Cyprus?
Cyprus offers EU membership, 15% corporate tax, 65+ double tax treaties, 0% capital gains on securities, IP Box at ~3% effective, and Non-Dom status. Your Cypriot Limited is recognized as a regular company throughout the EU.
The Formation Process in 5 Steps
Step 1 – Consultation (Day 1): CMC discusses your business idea. Step 2 – Name reservation (Day 2-3) at Registrar of Companies. Step 3 – Formation documents (Day 3-5): Memorandum, Articles of Association. Step 4 – Registration (Day 5-10): Certificate of Incorporation in 3-5 business days. Step 5 – Tax registration (Day 10-15): CMC registers with Tax Department and applies for VAT ID.
This was exactly our experience: Why a Company in Cyprus? Cyprus offers EU membership, 15% corporate tax, 65+ double tax treaties, 0% capital gains on securities, IP Box at ~3% effective, and Non-Dom status.
– Freelancer from Hamburg, in Nicosia since 2024
Costs and Ongoing Obligations
No minimum share capital required – typically €1,000-5,000. Ongoing: annual return, IFRS accounts, audit, quarterly tax payments, annual tax return by July 31. CMC handles all obligations as part of the client package.
Opening a Bank Account – The Critical Step
Opening at Bank of Cyprus or Hellenic Bank requires extensive compliance docs. Processing: 2-6 weeks. CMC prepares everything. Alternative: Wise Business or Revolut (1-3 days, no Cypriot IBAN).
Company Formation with CMC
Topics: Why a Company in Cyprus?, The Formation Process in 5 Steps, Costs and Ongoing Obligations
CMC Practical Tip
Why a Company in Cyprus? Cyprus offers EU membership, 15% corporate tax, 65+ double tax treaties, 0% capital gains on securities, IP Box at ~3% effective, and Non-Dom status.
Frequently Asked Questions
Not formally required but highly recommended for tax purposes. CMC offers nominee director services.
No statutory minimum. Typically €1,000-5,000, not required to be paid up at formation.
Problematic for tax. If management takes place in Germany, authorities may classify the company as German tax resident.
How CMC Supports You
At CMC Certus Management Consultants, we are here for you – not only for tax and legal questions, but also for all practical topics of everyday life in Cyprus. Our team in Larnaca and Pafos knows the local conditions first-hand.
As your local contact, we handle: company formation and management, tax advisory and Non-Dom applications, ongoing bookkeeping and tax returns, support with authorities, and referrals to estate agents, lawyers, doctors and tradespeople.