Quick Answer
Setting up a Cyprus limited company costs EUR 1,100-1,800 all-in, government fees included. Annual running costs start at around EUR 1,900-3,200 for a solo consultant operation, covering company secretary, registered office, accountancy and the statutory audit. Corporate tax is a flat 15% on net profit. Every Cyprus company needs a statutory audit, whatever its size.
Cyprus Company Formation Cost [2026]
Incorporating a Cyprus Ltd typically costs EUR 1,100-1,800 all-in: about EUR 200-250 in government fees plus a formation package of EUR 900-1,550. Annual running costs depend on company size and activity: a solo consultant company can be maintained for approximately EUR 1,900-3,200 per year (company secretary, registered office, accountancy and the statutory audit). Every Cyprus company needs a statutory audit, whatever its size or turnover. Corporate tax is a flat 15% on net profit, making Cyprus one of the most competitive jurisdictions in the EU.
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How long does it take to form a Cyprus company?
A standard Cyprus Ltd can be incorporated in 5-10 business days through the Registrar of Companies. Shelf companies (pre-incorporated) are available for same-day acquisition if needed.
What is the minimum share capital for a Cyprus company?
There is no minimum share capital requirement for a private Cyprus Ltd. Most companies are incorporated with EUR 1,000-10,000 in authorised share capital, with government fees based on the authorised amount.
Is a company secretary mandatory in Cyprus?
Yes. Every Cyprus company must have a registered secretary. The secretary must be a Cyprus resident or a corporate secretary service. Many service providers offer combined registered office and company secretary packages.
When is a statutory audit required in Cyprus?
Every Cyprus company must have its annual accounts audited by a registered auditor, whatever its size, turnover or number of employees. There is no small-company exemption.
What is the corporate tax rate in Cyprus?
The standard corporate tax rate is 15%. IP Box income benefits from an effective 3% rate (80% deduction). Shipping companies may qualify for tonnage tax instead of corporate tax.
Free, no commitment
Moving to Cyprus or opening a company?
Tell us your situation and we'll connect you with our specialist expat advisory in Cyprus: Non-Dom tax, company setup and residency, done for you. Free consultation, no commitment.