Cyprus Offshore Company Formation

Cyprus is considered to be one of the most attractive jurisdictions in Europe to form a limited liability company due to its advantageous tax system. Cyprus holding companies enjoy all the benefits that the low tax jurisdiction has to offer such as full exemption from tax on dividend income, no withholding tax for dividends paid to non-residents, no capital gains tax and one of the lowest company tax rates in Europe of just 12.5%.

In addition, Cyprus has more advantages such as its corporate laws which are based on the English Companies Act and are in line with EU directives, low incorporation fees and a quick incorporation process.

Moreover, Cyprus has a wide double tax treaty network and is currently negotiating for more.

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• How to open a company in Cyprus
• Merchant account Cyprus

Any individual or legal entity, regardless of nationality or residency, can register a company in Cyprus. The country maintains an open and business-friendly legal framework, making it one of the most attractive jurisdictions for international company formation within the European Union. Register a company in Cyprus, eligible for:

• EU and non-EU citizens

There are no nationality restrictions. Both residents and non-residents of Cyprus can incorporate companies.

• Individual entrepreneurs and corporate entities

Companies can be registered by private individuals, foreign corporations, or investment holding structures.

• Startups, holding companies, and trading firms

Cyprus company law supports various business models, including e-commerce, consulting, international trade, asset protection, and intellectual property management.

Key Requirements:

• At least one shareholder and one director (can be the same person; individuals or corporate bodies)
• A Cyprus-registered office address is mandatory
• Appointment of a Cyprus-resident director is recommended to secure local tax residency
• Minimum share capital (usually €1,000 for private companies, though there is no fixed legal minimum)

Registering a company in Cyprus is open to both individuals and entities globally, provided all compliance obligations such as due diligence (KYC), beneficial ownership declaration, and AML checks are met.

At Offshore Company Corp, we specialize in seamless Cyprus company formation services. From name approval to full incorporation, our experts manage the entire process, ensuring compliance with Cypriot law and international best practices.

Learn more: Setting Up a Company in Cyprus

Setting up a limited company in Cyprus is a perfect affordable option to enter the EU market. However, it leads to the question: "How much does it cost to set up a company in Cyprus?" The entire cost of setting up a limited company in Cyprus with One IBC is only from US$ 1,599 and renewal fee for 2nd year from only US$ 1499 with the following commitments: Simple process Within 14 working days 100% success rate Fast, easy and highly secure Dedicated support 24/7 The following business areas would be well suited to setting up a limited company in Cyprus: Asset Management Joint Stock Company International commerce Property ownership We hope that through the above answer, you have understood the cost of setting up a company in Cyprus. Please contact us to learn more about our full package service (registration office, secretarial service, ...).

Before any other steps are taken, the Registrar of Companies must be approached to approve whether the name by which the company is proposed to be incorporated is acceptable.

After the name is approved, the necessary documentation needs to be prepared and filed. Such documents are the articles of incorporation and memorandum of association, registered address, directors and secretary.

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• How to set up a company in Cyprus
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Every Cyprus Company must have its own memorandum and articles of association.

The memorandum contains the basic information of the company such as the company name, registered office, the objects of the company and so on. Care must be taken that the first few object clauses are tailored to the specific circumstances and main business objects and activities of the company.

The articles specify rules about the governance of the internal management of the company and regulations about the rights of the members (appointment and powers of directors, transfer of shares, etc).

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It is recommended to ensure that upon the incorporation of the company, its beneficial owners or other appropriate officials are provided with copies of all corporate documents. Such corporate documents normally comprise:

• Certificate of Incorporation
• Memorandum of Association
• Articles of Association
• A share certificate

Read more: 

• Cyprus company documents
• Doing business in Cyprus

There is no legal requirement as to the minimum or maximum share capital of the company.

Under Cyprus Law, every company limited by shared must have a minimum of one director, one secretary and one shareholder.

From a tax planning point of view, it is often required that the company is shown to be managed and controlled in Cyprus and, accordingly, it is recommended that the majority of the directors appointed are Cyprus residents.

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• Register offshore company in Cyprus
• Memorandum and Articles of association Cyprus