Quick Answer

Opening a Cyprus company (Ltd) takes 3 to 7 business days and can be done entirely remotely. The setup covers company registration, a business bank account with an EU IBAN, VAT registration, and Non-Dom tax status. Corporate tax is 15% and dividends carry 0% income tax under Non-Dom, for an effective rate of around 5%.

Does this apply to your situation?

Explore our full guide to Cyprus tax residency and relocation.

Explore the guide

Open a Company in Cyprus

We set up your Cyprus Ltd end to end — company registration, business bank account, VAT and Non-Dom tax setup — done remotely, usually in under a week. One team, from your first question to a company that can invoice clients.

Cyprus Company Formation

15%
Corporate tax — one of the lowest in the EU
~5%
Effective tax rate on profits under Non-Dom
3–7 days
To register your Ltd with the Registrar
100% remote
No need to travel to Cyprus to set up

Cyprus Company Formation

Every setup is different

Tell us your situation and we send you a tailored quote and plan — company, bank account and tax setup included. No obligation.

Request a Quote

Or book a 1-on-1 consultation first →

What's Included

Company Registration (Ltd)

Name approval, Memorandum & Articles of Association, registered office, and filing with the Cyprus Registrar of Companies. Handled with our licensed local partners.

Business Bank Account

Revolut Business setup with an EU IBAN in 24–48h so you can invoice clients immediately, plus a local bank account if your business needs one.

Tax & Non-Dom Setup

Tax Identification Number, VAT registration where required, and Non-Dom election so your dividends are taxed at an effective rate of roughly 5%.

Accounting & Compliance

Introduction to a vetted English-speaking Cyprus accountant who handles your annual accounts, VAT returns, and director payroll.

What a Cyprus Company Actually Costs in 2026

Most providers hide this behind a "request a quote" form, or publish a low headline number and add the rest later. Here are honest ranges for a straightforward single-director Cyprus Ltd. Your quote will land inside them, and we will beat any comparable written quote you have.

One-off, to get the company running
Government fees (name approval + incorporation)EUR 200 – 250
Formation package (M&AA, filing, first-year registered office)EUR 900 – 1,550
Typical all-in to be up and runningEUR 1,100 – 1,800
Recurring, every year after that
Accounting, audit and corporate tax returnEUR 1,500 – 2,500
Registered office and company secretaryEUR 400 – 700
Annual government levyEUR 0 — abolished
Typical annual running costEUR 1,900 – 3,200

What moves you inside the range: a single shareholder who is also the director sits at the bottom; multiple shareholders, a holding structure, a corporate shareholder, or a business needing a traditional Cypriot bank account rather than an EU IBAN all push it up. An audit is mandatory in Cyprus regardless of turnover, so treat anyone quoting an annual figure without it as incomplete.

We will beat a comparable written quote

Send us what you have been quoted elsewhere, with what it includes. If it is genuinely like-for-like, we come in under it. Tell us your situation and you get an itemised quote and a plan — no obligation, no card, no call required to get the number.

Get My Itemised Quote

How It Works

From first call to an operating company in three steps.

01

Tell us about your setup

A short consultation to understand your business, where you pay tax today, and whether you qualify for Non-Dom. We send you a tailored plan and quote.

  • Free, no obligation
  • Non-Dom eligibility check
02

We form your company

We register your Ltd with our licensed local partners, arrange the registered office, obtain your TIN and VAT number, and set up your business bank account.

  • Registered in 3–7 business days
  • Bank account with EU IBAN
03

Start operating

Your company can invoice clients, your Non-Dom status is in place, and a vetted accountant handles your ongoing VAT, accounts and director payroll.

  • Invoice clients immediately
  • Accountant handles compliance

What Determines Your Cost

There is no single price for a Cyprus company because every setup is different. Your quote reflects what you actually need:

  • Company registration — government filing fees, Memorandum & Articles of Association, and registered office for the first year.
  • Structure — a simple one-director Ltd is cheaper than a multi-shareholder or holding structure.
  • Banking — Revolut Business is fast and low-cost; a traditional local bank adds compliance work.
  • Ongoing — annual accounting, audit and VAT are separate from formation and quoted upfront so there are no surprises.

Send us your situation and you get a clear, itemised quote before you commit anything.

Two Things Most Cyprus Formation Pages Still Get Wrong

If you have been reading around this topic, you have almost certainly been given at least one outdated figure. Both of these changed recently and most pages, including Google's own AI summary, have not caught up.

Corporate tax is 15%, not 12.5%

Cyprus raised corporate income tax from 12.5% to 15% with effect from 1 January 2026. The reform was voted on 22 December 2025 and published in the Official Gazette on 31 December 2025, aligning Cyprus with the OECD Pillar Two global minimum rate. Any provider still quoting 12.5% at you in 2026 is working from an old page. The offsetting change is at shareholder level: tax on dividends to individual shareholders fell from 17% to 5%, and deemed dividend distribution was abolished.

The EUR 350 annual levy no longer exists

The annual company levy of EUR 350, payable to the Registrar of Companies since 2011, was abolished by the Companies (Amendment) Law of 2024, which deleted section 391 of the principal law with effect from 2024 onward. It still appears as a recurring cost on a large number of formation pages and in several cost calculators. It should not be in your budget. Amounts for 2011–2023 remain due if they were never paid.

The practical consequence for you: on distributed profits a Cyprus Ltd owned by a Non-Dom resident still lands at an effective rate of roughly 5% — 15% at company level, then 0% income tax and 2.65% GHS on the dividend. The headline rate went up, the total you pay did not meaningfully change. Anyone who tells you the 15% rate "ruined" Cyprus has not run the second half of the calculation.

When a Cyprus Company Is the Wrong Answer

Every other page on this SERP is selling you an incorporation. Here is when we tell people not to do it, because a structure that collapses under audit in three years is worse than no structure.

  • You are not moving, and neither is anyone who runs the company. A Cyprus company is tax resident where it is managed and controlled. If you keep making the decisions from Germany, Spain or the UK, your home country can and does claim the company. A nominee director who only signs papers does not fix this.
  • Your clients are mostly in your current country and you are effectively an employee. Many tax authorities will look through the company and treat the income as yours personally.
  • Your profit is under roughly EUR 40,000–50,000 a year. Between formation, mandatory audit, accounting and the registered office, the fixed cost eats the benefit. Self-employment in Cyprus is usually the better first step, and we will tell you so.
  • You are a US citizen. A Cyprus Ltd is a controlled foreign corporation for US tax purposes and brings GILTI and Form 5471 obligations with it. It can still work, but never without US advice alongside.

If any of these describe you, say so when you get in touch. We would rather send you away with a clear answer than sell you a company you should not have.

Who Actually Does the Work

Cyprus Tax Life is the research and guidance side. The regulated work — incorporation, audit, tax filings — is carried out by our licensed Cyprus partner practice, so you deal with a firm that is accountable on the island rather than an offshore reseller.

What that means in practice: you describe your situation once, we check whether the structure genuinely makes sense for you, and if it does we introduce you to the partner firm with the full context already written down. You get an itemised quote from the people who will actually file the paperwork, not a lead-gen estimate.

Send us your situation and you will have a written quote and a plan back, usually within one business day.

How much does it cost to open a company in Cyprus?
It depends on your structure and what you need. A simple one-director Ltd costs less than a multi-shareholder or holding structure, and banking and ongoing accounting are quoted separately. Rather than a misleading headline figure, we send you an itemised quote covering registration, registered office, banking and first-year accounting so you know the full cost before committing.
How long does it take to set up a Cyprus company?
Registration with the Cyprus Registrar of Companies typically takes 3 to 7 business days once your documents are ready. Your business bank account (Revolut Business) can be operational within 24 to 48 hours, so most clients can invoice clients within about a week of starting.
Can I open a Cyprus company remotely, without living in Cyprus?
Yes. The entire formation process is done remotely — you do not need to travel to Cyprus to register the company or open a Revolut Business account. Becoming a Cyprus tax resident (to benefit from Non-Dom personally) is a separate step and does require spending time in Cyprus under the 60-day or 183-day rule.
What tax will my Cyprus company pay?
Corporate tax is a flat 15% on company profits. As a Non-Dom resident director you pay 0% income tax on dividends (only 2.65% GHS), which brings the effective tax rate on your business profits to roughly 5% — one of the lowest legal setups in the EU.
Do I need a Cyprus bank account for my company?
Yes. We set up a Revolut Business account with a full EU IBAN as part of formation — fast, online, and enough for most businesses to invoice and get paid. If your business specifically needs a local Cypriot IBAN, we can also arrange a traditional bank account, which takes longer due to compliance checks.
Do you also handle VAT and ongoing accounting?
Yes. We register your company for VAT where required and introduce you to a vetted, English-speaking Cyprus accountant who handles your annual accounts, audit, VAT returns and director payroll. This is quoted upfront so there are no surprises after formation.
Is this legal or tax advice?
The legal registration of your company is carried out by licensed Cyprus partners, and your filings are handled by a licensed accountant. We coordinate the whole process and share our first-hand experience of setting up in Cyprus. For formal legal or tax opinions, you work directly with those licensed professionals.
How much does it cost to open a company in Cyprus in 2026?
Budget EUR 1,100 to 1,800 all-in to get a straightforward single-director Cyprus Ltd registered and operating. That covers government fees of roughly EUR 200 to 250 for name approval and incorporation, plus a formation package of EUR 900 to 1,550 including the Memorandum and Articles of Association, filing and first-year registered office. Running it costs a further EUR 1,900 to 3,200 a year for mandatory audit, accounting, corporate tax return, registered office and company secretary. The EUR 350 annual levy was abolished in 2024 and should not appear in your budget.
Do I still have to pay the EUR 350 annual levy in Cyprus?
No. The annual company levy of EUR 350 was abolished by the Companies (Amendment) Law of 2024, which deleted section 391 of the principal law with effect from 2024 onward. Companies that had already paid it for 2024 were refunded. It still appears on many formation websites and cost calculators, which are out of date. Levies for the years 2011 to 2023 remain payable if they were never settled.
Is Cyprus corporate tax 12.5% or 15%?
It is 15%. Cyprus raised corporate income tax from 12.5% to 15% with effect from 1 January 2026, voted on 22 December 2025 and published in the Official Gazette on 31 December 2025, aligning with the OECD Pillar Two global minimum rate. Most pages and summaries still say 12.5% because they have not been updated. At the same time tax on dividends to individual shareholders fell from 17% to 5% and deemed dividend distribution was abolished, so for a Non-Dom shareholder the effective rate on distributed profits remains around 5%.
Who is the cheapest company formation provider in Cyprus?
Published entry prices in the Cyprus market typically start around EUR 1,899 from law firms and roughly USD 2,500 from international incorporation agents, and those figures usually exclude the registered office, VAT registration or the first year of accounting. We quote itemised so you can see what is and is not included, and if you send us a comparable written quote that covers the same scope we will come in under it. Be careful comparing headline numbers: the mandatory audit and the registered office are the two items most often left out of a low advertised price.
When should I not open a Cyprus company?
If nobody who runs the company is moving to Cyprus, if your clients and your working life remain in your current country, or if your annual profit is below roughly EUR 40,000 to 50,000, a Cyprus Ltd is usually the wrong tool. A company is tax resident where it is managed and controlled, so a Cyprus registration combined with decisions taken from another country invites that country to claim the company. US citizens face additional controlled foreign corporation reporting under GILTI and Form 5471. We will tell you if your situation falls into one of these before you spend anything.

Part of Your Cyprus Setup

Business Bank Account → Find an Accountant → Non-Dom Tax Status → Company Formation Guide →

Ready to open your Cyprus company?

Tell us about your situation and we send you a tailored quote and plan — company, bank account and tax setup included. No obligation.

Request a QuoteSee All Services

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.