What are the benefits of incorporating in Cyprus?

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.Read more: How to open a company in Cyprus Merchant account Cyprus

Who can register a company in 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

What is the procedure of incorporating in Cyprus?

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.See more: How to set up a company in Cyprus Cyprus merchant account

What are “corporate documents”?

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 certificateRead more: Cyprus company documents Doing business in Cyprus

What is the Memorandum and Articles of Association Cyprus?

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).Read more: Cyprus offshore company How to set up a company in Cyprus?

Can a non-resident open a company in Cyprus?

Yes, a non-resident can legally open a company in Cyprus. Under the Cypriot legal framework, the full foreign ownership of private limited companies (Ltd) is granted, thus giving entry to entrepreneurs and investors all over the world. Non-residents can act as shareholders or directors of the company.

Residency is not a requirement for a director of the company or shareholders; however, the company must have a registered office address in Cyprus. Generally, it is considered good practice to appoint a local company secretary and involve professional service providers assisting in incorporation, compliance, and communication with local authorities.

Moreover, a non-resident may open a corporate bank account, but the level of checks could be enhanced, and the presence of the account holder may be required, depending on the bank's internal policies.

Set Up Now

Leave us your contact and we will get back to you the soonest!

Full Name *

Email Address *

Phone Number *

Communication Channel *

Your inquiries *

How did you know about us *

Which country do you want to setup company ? *

Additional Request(s)

Will you allow One IBC to send you notifications?

Can a non-resident open a company in Cyprus?

Leave us your contact and we will get back to you the soonest!

Related FAQs

What the media say about us

About Us