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Cyprus Company Formation Guide 2026
Everything you need to know about registering a Cyprus Limited company: structure, costs, timeline, tax benefits, and how it works with Non-Dom status and the 60-day rule.
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⬇ Download Company Formation Guide PDFFrequently Asked Questions
What is the corporate tax rate in Cyprus?
The standard corporate tax rate in Cyprus is 15% on net profits as of 2024. This applies to Cyprus-registered companies on Cyprus-source and worldwide income (for tax-resident companies). Qualifying IP income under the IP Box regime benefits from an effective rate of 2.5%.
How long does it take to form a company in Cyprus?
A standard Cyprus Ltd (private limited company) takes 5-10 business days to incorporate. Expedited registration can be completed in 1-3 days for an additional fee. The process involves registration with the Registrar of Companies and obtaining a Tax Identification Number (TIC).
What are the minimum requirements for a Cyprus company?
A Cyprus Ltd requires at least one shareholder, one director (can be the same person), a registered office address in Cyprus, and a minimum share capital of €1 (there is no minimum paid-up capital requirement). A Cyprus-based company secretary is also recommended for compliance.
Do I need to be a Cyprus tax resident to own a Cyprus company?
No. You can own a Cyprus company as a non-resident. However, to maintain Cyprus tax residency for the company (and benefit from the 15% rate and tax treaties), the company must be managed and controlled from Cyprus, which typically requires at least one Cyprus-resident director.
What are the ongoing compliance costs for a Cyprus company?
Annual compliance costs typically range from €1,500 to €3,000 and include: annual levy (€350), audit and accounting fees (€800-1,500), company secretary fees (€300-600), and annual return filing. VAT registration adds quarterly filing obligations if turnover exceeds €15,600.