Cyprus Company Formation in 2026: How to Set Up a Cyprus Ltd

Cyprus company formation essentials laid out on a wooden desk in Mediterranean morning light: a folded Certificate of Incorporation with an embossed gold seal, a fountain pen, an espresso cup, an EU flag pin and an olive branch.

You’re probably here because someone told you Cyprus has a 12.5% corporate tax rate, or a 0% capital-gains regime for non-doms, or the easiest EU incorporation, or a Mediterranean lifestyle plus a working business hub. Some of that is true. Some of it was true and isn’t anymore. And almost every page Google sends you to is either selling you something or copying out-of-date numbers from a 2022 blog.

This page covers what a Cyprus Ltd formation actually costs in 2026, how long it takes, and what the 2026 tax reform changed. Every number is sourced from a Cypriot government primary source, cited at the bottom. Formation is done by a licensed Cypriot Administrative Service Provider (ASP), advocate, or accountant: this page explains the process; they do the regulated work.

TL;DR

15% CIT from 1 January 2026 (was 12.5%). Higher than the historic rate, but still among the lower EU headline rates. Any source quoting 12.5% is out of date. Source: Government Gazette, 31 Dec 2025.
€1,200–€2,600 professional formation fee + €165 Registrar fee (HE1+HE2+HE3 combined; +€100 expedited = €265). Annual government levy: €0 (abolished 2024). Stamp duty on Registrar documents: €0 (abolished 1 Jan 2026). First-year all-in including bank and annual compliance: plan €2,000–€4,500. Headlines below €1,000 always unbundle something.
Bank account: €500–€1,000 separate, 6–12 weeks at a Cyprus bank. That is the project bottleneck, not the Registrar. Plan three months, not three weeks.
Foreign relocators (non-dom): 0% on dividends for 17 years, extendable to 27. This is the Special Defence Contribution (SDC) exemption: Cyprus’s separate tax on passive income, which non-doms are exempt from. For a founder relocating to Cyprus who draws dividends, this is the primary financial reason to choose Cyprus over most EU alternatives.
Cyprus is on the EU whitelist (Council list, 17 Feb 2026). EU member state, eurozone, SEPA banking, full treaty access. Not an offshore.

How to form a Cyprus Ltd, step by step

Cyprus company formation runs on the Companies Law, Cap. 113 (most recently amended by Laws 18(I)/2024 and 25(I)/2024). The Department of Registrar of Companies and Intellectual Property (DRCIP) handles incorporation. The Tax Department handles your Tax Identification Code and VAT. The Central Bank of Cyprus regulates the banks you’ll need to convince to open you an account.

Eight steps from “I want a Cyprus Ltd” to “I have an operating company”:

Choose the structure. For 95% of international founders this is a Private Company Limited by Shares. The other vehicles are covered below.
Reserve the name. Your provider submits form HE1 to the Registrar. Standard turnaround is 3–5 working days; expedited is one. Endings like Limited or Holdings clear automatically. Bank, Trust, Royal, Insurance and similar need ministerial pre-approval. Vague names with no business meaning get rejected more often than people expect. Pick something defensible.
Draft the Memorandum and Articles of Association. The Memorandum defines the company’s objects and authorised capital. The Articles set internal governance. Providers start from a market template and adapt for share classes, drag/tag, board composition, and pre-emption.
Appoint officers and address. One director minimum (any nationality, residence anywhere). One company secretary, which in practice means the ASP. A registered office, which must be a real Cyprus address: the Registrar will reject a virtual-mailbox-only setup. If you want the company to be Cyprus tax-resident, you need a majority of Cyprus-resident directors and board meetings in Cyprus. Zoom from your Berlin kitchen does not count.
File the documents. The Registrar receives the signed Memorandum and Articles, the HE1 (sworn statutory declaration of compliance (has to be signed by a Cyprus-licensed lawyer)), HE2 (registered office), HE3 (officers), and the fee. The combined registration fee for HE1+HE2+HE3 is €165 standard / €265 expedited (the €100 expedite surcharge), or €235 for companies without share capital. Two earlier add-ons that older provider pages still list are no longer payable: the 0.6% capital duty on authorised share capital was abolished by Law 124(I)/2018 with effect from 2019, and the broader Stamp Duty Law was repealed by Law 239(I)/2025 with effect from 1 January 2026. (Name reservation on form HE1 is a separate prior step at €10 standard / €30 accelerated.)
Receive the Certificate of Incorporation. 5–15 working days after a clean filing. You get: Certificate of Incorporation, certified Memorandum and Articles, Certificate of Directors and Secretary, Certificate of Shareholders, Certificate of Registered Office.
Register for tax and UBO. Tax Identification Code at the Tax Department within 60 days of incorporation. Ultimate Beneficial Owner registration with DRCIP within 90 days of incorporation, then annual confirmation between 1 October and 31 December. VAT registration if taxable supplies will cross €15,600 in any rolling 12 months: within 30 days of becoming aware. EU intra-community supplies trigger immediate VAT registration regardless of threshold.
Open the bank account. This is the slow part of the whole project. Plan around it, not around the Registrar. Full detail in Open a bank account in Cyprus.

Cyprus Ltd vs other structures

Cypriot law gives you five vehicles. Almost every international setup uses the Private Ltd.

Cyprus corporate structures at a glance

Structure	Min. capital	Min. owners	Liability	Typical use
Private Ltd (the default)	no statutory min (€1,000 conventional)	1	Limited to share capital	Active business, holding, IP-box, relocation vehicle
Public Ltd (Plc)	€25,629 issued	7	Limited	Stock-exchange listing, public offering
General partnership	none	2	Unlimited, joint & several	Local professional partnerships
Limited partnership	none	2 (≥1 general, ≥1 limited)	General: unlimited; Limited: capped	Fund vehicles, investment structures
Branch of foreign company	n/a	n/a	Parent liable	Existing groups extending into Cyprus

Branches are an occasional tax-arbitrage tool. Partnerships are rare for international structures. The Plc only matters if a listing is on your road map. Read: skip the rest, go straight to Private Ltd.

Timeline: what really takes how long

If you’re planning a relocation or restructure around your Cyprus Ltd, the realistic timeline matters more than the headline turnaround your provider quotes.

Realistic schedule for a non-resident incorporating from scratch, May 2026.

1

KYC collection (UBOs, directors, source of funds) 1–2 weeks

You collecting docs is usually slower than the provider processing them. Start before you sign anything.
2

Name reservation (HE1) 3–5 working days

1 day if you pay for expedited approval.
3

Memorandum & Articles drafted, signed, filed 1–2 weeks

Faster if you accept a template; longer for custom share classes or drag/tag.
4

Registrar processing → Certificate of Incorporation 5–15 working days

5–8 days expedited; standard runs longer in Q1 and December.
5

Tax Identification Code (TIC) 1–2 weeks post-incorporation

Statutory window is 60 days, but most providers do it in the first fortnight.
6

UBO registration (statutory window: 90 days) filed at point 5 in practice

Don't sit on this. Fines apply.
∑

Total incorporation 3–5 weeks
🏦

Bank account opening (Cyprus bank, non-resident UBO) 6–12 weeks

The slow one. Onboarding wants a clear business model, not a sentence on a form. Russian/Belarusian/PEP UBOs add weeks. EMI alternative (Wise Business, Revolut Business) clears in 1–4 weeks but with reduced functionality.
✓

Operational company 6–15 weeks total

Conceptual editorial illustration: a tall hourglass with most of the sand still in the upper bulb, set against a faint watercolor silhouette of a classical bank facade with columns. — The Registrar takes weeks. The bank takes months. Plan the project around the slow step.

Documents you’ll be asked for:

Standard pack, uniform across the market:

Notarised colour passport copy for every UBO, director, and shareholder.
Proof of residential address dated within the last three months. Utility bill, bank statement, government letter all work. Mobile-phone bills sometimes don’t.
Bank reference letter, often required by Cyprus banks, not always by ASPs at onboarding.
Short CV and source-of-funds explanation per UBO. The bank wants to understand your business, not just see a registration code.
Signed director-consent and shareholder-declaration forms.
A business plan or activity description. Not optional: the Tax Department, the Registrar, and the bank will all read it.

If any UBO is a politically exposed person (PEP) or a national of a high-risk third country, budget enhanced due diligence and an extra 4–8 weeks.

Costs & what’s actually included

Cyprus formation pricing breaks into four buckets: government fees, professional formation fees, bank-account setup, and recurring annual obligations.

In figures: €165 Registrar fee (fixed by law; +€100 expedited), €1,200–€2,600 professional formation fee, €500–€1,000 bank-account opening (6–12 weeks at a Cyprus bank, billed separately by most providers), and €2,000–€6,000/year in annual recurring compliance. The annual recurring line is where most founders mis-budget: it runs three to four times the one-off formation cost over a five-year holding period. Full provider-by-provider breakdown, three-year TCO model, pricing traps and a survey of eight providers: Cyprus company formation cost.

Want a real quote: not a 'from €X' headline?

Tell us what you're trying to set up. We forward your enquiry to a licensed Cypriot corporate-service provider who quotes the all-in 12-month total, not the formation headline. Two minutes, no obligation.

Why Cyprus, and the non-dom tax angle

Editorial map of the eastern Mediterranean showing Cyprus highlighted in gold, with twelve EU stars curving along the upper edge.

The case for Cyprus is structural, not promotional:

EU member state, eurozone. Free movement of capital and services. Access to the Parent-Subsidiary Directive and the Interest & Royalties Directive. SEPA banking. None of which any offshore jurisdiction can offer you.
15% corporate income tax from 1 January 2026, still among the lower headline rates in the EU. This is a general headline-rate hike from the historic 12.5%, applicable to every Cyprus tax-resident company; it is not the OECD Pillar Two top-up, which separately covers only in-scope multinational groups (>€750m consolidated revenue). Source: Cyprus Ministry of Finance.
IP-box regime. 80% notional deduction on qualifying intellectual-property income under the Cyprus Income Tax Law (amended in 2016 to align with the OECD modified nexus approach), producing an effective rate of 3% (15% × 20%) under the 2026 CIT. It was historically 2.5% under the pre-2026 12.5% rate. Subject to the nexus fraction (qualifying expenditure / total expenditure on the IP asset), so the headline 3% is the floor, not a guarantee. Software, R&D, licensing: read the qualifying-income rules carefully before you assume it applies to you. Holding-company architects: see Cyprus holding company for the Parent-Subsidiary mechanics.
Non-dom regime. Special Defence Contribution (SDC) is Cyprus’s separate tax on passive income (dividends and interest — SDC on rental income was abolished from 1 January 2026), paid on top of income tax by Cyprus tax-residents who are also Cyprus-domiciled. If you become Cyprus tax-resident but your domicile of origin is somewhere else (the typical foreign relocator), you are exempt from SDC for 17 years. That means 2.65% GHS (healthcare contribution, capped at €4,770/year) and no other tax on dividends you receive from your CY company during that window. Use the Cyprus tax calculator to compare your current dividend tax with the Cyprus non-dom rate. Under the 2026 reform you can extend the exemption with two further 5-year tranches at €250,000 each, taking the total to 27 years. For high-earning relocators who want certainty into the 2050s, this is the single biggest reason Cyprus beats Malta or Portugal.
Treaty network. Over 65 double-tax treaties in force. Live list: Ministry of Finance.
EU whitelisted, OECD BEPS-compliant. Most recent Council list revision: 17 February 2026. Cyprus is not on it. Caribbean and Pacific offshores are. This matters for banking, counterparty acceptance, and avoiding awkward conversations with your auditors. Plain-English version of the offshore-vs-onshore framing: Cyprus offshore company: the honest answer.

Cyprus is also not a place to hide. The UBO register stopped public access on 23 November 2022 (the day after the CJEU judgment) after the CJEU ruling (C-37/20 and C-601/20), so beneficial-ownership data is no longer one Google search away. But it remains accessible to obliged entities (lawyers, auditors, ASPs, banks) for AML purposes and to competent authorities. Your name is on a list that anyone who matters to you can see. Bank onboarding is genuinely tight after the post-2022 derisking of Russian-linked accounts. Structures that depend on opacity will fail KYC and waste your money.

Scenario

A Berlin-based SaaS founder thinking about Cyprus

This is a hypothetical scenario for illustration. Numbers below assume a single founder, no employees in year one, and the 2026 tax rules.

A solo SaaS founder running a profitable European subscription business out of Berlin is paying around 30% corporate-equivalent tax via a UG, plus personal income tax on every euro she pays herself. She is considering relocating personally to Cyprus and re-domiciling the operating company there, with herself as the sole UBO and a Cyprus-resident co-director added for substance.

In year one she budgets roughly €3,000 for formation and Cyprus banking, then around €5,000 in recurring costs (registered office, secretary, accounting, statutory audit). The company pays 15% corporate income tax in Cyprus. She becomes Cyprus tax-resident under the 60-day rule, claims non-dom status, and pays 0% SDC on dividends she draws from the company for the next 17 years (extendable to 27). Income tax on directors’ salary still applies at progressive Cypriot rates, but she structures most of her draw as dividends.

The biggest risk is not tax: it is substance. If she keeps making business decisions from Berlin and Cyprus is only a postbox, German Finanzamt can argue the company is still German-tax-resident, and the relocation collapses. Real substance (board meetings in Cyprus, a Cyprus-resident director making decisions, the founder spending genuine time there) is what makes the structure stand up. See Cyprus holding company for the same logic applied to a holding-co setup.

How Cyprus compares to Malta, Estonia, and Ireland

The four EU jurisdictions international founders shortlist alongside Cyprus, each optimal for different use cases:

Where Cyprus fits among the EU jurisdictions international founders compare against, May 2026. Verify current rates before acting. Every line in this table can change in a budget law.

Jurisdiction	Headline corporate tax	Setup window	Bank reality	Best for
Cyprus	15% (from 1 Jan 2026)	3–5 wks + bank 6–12 wks	Tight post-2022, EUR, EMI fallback works	Active business, EU base, non-dom personal relocation, IP-box
Malta	35% headline, 5% effective via shareholder refund	4–6 wks + bank 8–16 wks	Very tight; EUR; refund mechanism adds cash-flow friction	Holding structures, gaming, refund-mechanism plays
Estonia	0% on retained, 22% on distributed profits (22/78)	1–2 wks + EMI account same day, bank longer	EMI-friendly via Wise/Revolut, brick-and-mortar banks tougher	Digital businesses, reinvesting founders, e-Residency entrants
Ireland	12.5% (15% for MNEs >€750m via Pillar Two top-up)	3–4 wks + bank 4–8 wks	Established, EUR, generally smoother than CY/MT	US tech sub, EU HQ for groups, IP holding with substance

Quick decision shortcuts:

You want the lowest effective rate on dividends to a non-dom relocator: Cyprus (0% SDC on dividends for 17 years, extendable to 27, plus 15% CIT).
You want zero tax until you distribute: Estonia (0% on retained profits is genuinely 0%, but the moment you pay yourself it’s 22%, up from 20% on 1 Jan 2025).
You’re a holding company structurer comfortable with refund mechanics: Malta (effective 5% after the shareholder refund, but you carry the gross 35% until refunded).
You’re a US tech sub or running an established EU HQ that values smoother banking: Ireland (still 12.5% for non-MNEs, mature ecosystem, less KYC friction than CY/MT).

No EU jurisdiction is “best” in absolute terms. They are different optima for different inputs. Cyprus wins on the personal non-dom angle and active operating businesses; Estonia wins on simplicity and digital ergonomics; Malta wins on holding-company yield once you accept the refund cycle; Ireland wins on banking and infrastructure.

What changed in the 2026 tax reform

Published in the Government Gazette on 31 December 2025, effective 1 January 2026. The package as it affects company formation:

Corporate income tax: 12.5% → 15%.
Tax on dividends for Cyprus-domiciled residents (the SDC explained above): 17% → 5%, on profits earned from 1 January 2026. This affects original Cypriots and long-stay relocators who passed the 17-year non-dom window. Foreign relocators using the non-dom regime still pay 0% on dividends for the first 17 years. That hasn’t changed and just got extendable to 27.
Deemed Dividend Distribution (DDD) for closely-held companies: abolished for profits earned from 1 January 2026 (this used to force CY companies to “deem” undistributed profits as dividends after two years and tax them. That rule is gone now).
Stamp duty on documents to the Registrar: abolished by Law 239(I)/2025 effective 1 January 2026. (The 0.6% capital duty on authorised share capital was a separate regime, abolished earlier by Law 124(I)/2018 with effect from 2019.)
Tax loss carry-forward extended from 5 years to 7 years.
Non-dom 17-year SDC exemption: now extendable to 27 years in two 5-year tranches at €250,000 each.
IP-box mechanics unchanged but the effective rate moves from 2.5% to 3% because the base rate rose.

Net effect for foreign relocators using the non-dom regime: package is positive. Corporate tax went up 2.5 percentage points, but the personal dividend shelter (0% SDC for 17 years, now extendable to 27) is preserved and slightly improved. Net effect for original Cypriots or long-stay residents past their non-dom window: the SDC cut from 17% to 5% on dividends is the headline win. The DDD abolition removes a long-standing trap on closely-held companies. Across the board, anything you read that quotes the 12.5% corporate rate or the €350 annual levy is now obsolete. Check the date on every source.

Common mistakes to avoid

The ones we see often enough that they’re worth flagging:

Picking a provider on price alone. A €750 headline that excludes registered office, secretary, or government fees is more expensive than a €2,000 transparent quote, and the cheap providers correlate with weaker bank introductions. Ask for the all-in 12-month total, not the formation headline.
Underestimating the bank account. Most founders fixate on the Registrar and treat banking as an afterthought. The Registrar takes weeks. The bank takes months. Plan the project around the slow step.
Assuming “company in Cyprus = tax resident in Cyprus”. Tax residence requires management and control to actually be in Cyprus. A nominee Cyprus director who never makes a real decision and a board minute book that records Zoom calls from Berlin will not survive HMRC, Finanzamt, or DGFiP scrutiny.
Thinking small companies don’t need an audit. Cyprus introduced an ISRE 2400 review carve-out in 2022, but only for companies under tight size thresholds (€200k turnover, €500k gross assets, both for two years; rising to €300k turnover for FYs starting 6 Feb 2026). Above that, statutory audit applies regardless of size.
Missing the UBO 90-day window. New companies must file UBO with the Registrar within 90 days of incorporation. Late filing triggers fines and flags the company for AML scrutiny.

Quoting outdated numbers. The 12.5% corporate rate (now 15%), the €350 annual levy (abolished 2024), the 0.6% capital duty (abolished 2018), Registrar-document stamp duty (abolished 1 Jan 2026), public UBO searchability (suspended 23 November 2022): all gone or replaced. If the article you’re reading mentions any of these as current, the rest of it is probably stale too.
Choosing an unlicensed corporate-service provider. Cyprus ASPs are licensed under Law 196(I)/2012 by the Cyprus Bar Association, ICPAC, or CySEC. An unlicensed provider is the fastest way to have a Cyprus bank refuse your account on AML grounds. Verify the licence number before you sign.

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What this page doesn’t cover (and where to look)

This page is the company-formation answer. Several adjacent questions deserve their own pages, and almost certainly affect your decision:

All 2026 tax rates: income tax, CIT, CGT, SDC, crypto, SI/GHS → Cyprus tax guide
Detailed cost breakdown and provider-by-provider comparison → Cyprus company formation cost
Why Cyprus isn’t an offshore (the case in plain terms for your accountant or your bank) → Cyprus offshore company: the honest answer
Opening a Cyprus bank account: which banks, how long, what they’ll ask → Open a bank account in Cyprus
Cyprus holding company structures (EU Parent-Subsidiary mechanics, withholding, exit) → Cyprus holding company
VAT registration mechanics, EU OSS, intra-community supplies → Cyprus VAT registration
Company registration / re-registration of a foreign entity → Cyprus company registration

If you’re also planning to relocate personally to Cyprus, company formation is only half the picture. The residency decision runs in parallel:

Full overview of every route (MEU1, Reg 6(2), DNV, Category F) → Cyprus residency
Fast-track permanent residency by investment (€300k property, ~2 months) → Cyprus residency by investment
Remote workers who want to test Cyprus before committing to a larger step → Cyprus Digital Nomad Visa
Non-EU founders who need a work permit alongside the company → Cyprus work visa
Retirees or passive-income founders relocating without employment → Cyprus retirement visa

FAQ

Can I form a Cyprus Ltd without travelling to Cyprus?

A Cyprus Ltd can be formed entirely remotely through a licensed Cypriot ASP acting under power of attorney. The bank account sometimes needs a video KYC call, but in-person presence is rarely required for incorporation itself.

Do I need to be a Cyprus resident to own or direct a Cyprus Ltd?

Non-residents of any nationality can own shares and serve as director of a Cyprus Ltd without holding Cyprus residency. If you want the company to be Cyprus tax-resident and benefit from the 15% rate and treaty network, management and control must be exercised in Cyprus, meaning a majority of Cyprus-resident directors and board meetings held in Cyprus.

How long does formation actually take in 2026?

Formation of a Cyprus Ltd takes 3 to 5 weeks from receipt of complete KYC documents in 2026. Expedited filing compresses Registrar processing to 5 to 8 working days. The bank account is the bottleneck: 6 to 12 weeks at a Cyprus bank, 1 to 4 weeks for an EMI route with reduced functionality.

Is Cyprus an offshore jurisdiction?

Cyprus is an EU member state in the eurozone and is not classified as an offshore or non-cooperative jurisdiction. It was last reviewed by the EU on 17 February 2026. It is a low-tax onshore jurisdiction with a fundamentally different treaty, banking, and reputational profile from Caribbean offshores.

What is the minimum share capital for a Cyprus Ltd?

Cyprus law sets no statutory minimum share capital for a Private Limited Company, and market practice uses €1,000. That convention is typically structured as 1,000 ordinary €1 shares. A Public Limited Company (Plc) requires €25,629 minimum issued capital, but a Plc is only relevant if you intend to list on a stock exchange.

What annual obligations come with a Cyprus Ltd?

A Cyprus Ltd has four core annual obligations: Annual Return filing, audited accounts, corporate tax return, and UBO registration. Specifically, it must file an Annual Return (HE32) within 28 days of the AGM (€20 fee), prepare audited financial statements unless the company qualifies for an ISRE 2400 review (turnover at most €200k AND total assets at most €500k for two consecutive years; the turnover threshold rises to €300k for financial years starting on or after 6 February 2026), file a corporate income tax return (T.D.4), and register the UBO with the Registrar within 90 days of incorporation with annual confirmation between 1 October and 31 December. The €350 annual government levy was abolished from 2024.

Did the corporate tax rate really change to 15%?

The Cyprus corporate income tax rate rose to 15% from 1 January 2026, up from the previous 12.5% rate. The change was enacted by the 2026 Tax Reform Law published in the Government Gazette on 31 December 2025. The 12.5% figure that still appears on many provider sites and SEO blogs is no longer in force.

How do I open a Cyprus bank account?

A Cyprus business bank account is opened through one of four licensed Cyprus credit institutions or an EMI alternative. The four banks are Bank of Cyprus, Eurobank Limited (the post-1-September-2025 merged ex-Hellenic entity), Alpha Bank Cyprus (which absorbed the former AstroBank operations on 31 October 2025), or Ancoria Bank. EMI alternatives (Wise Business, Revolut Business) clear faster but offer limited Cyprus-specific functionality. Account opening for non-resident UBOs takes 6 to 12 weeks at a bank.

What is an ASP and why does it matter?

An ASP is a firm licensed under Cyprus Law 196(I)/2012 to provide incorporation, registered office, and secretarial services. An Administrative Service Provider (ASP) provides corporate services including incorporation, registered office, secretarial services, directorship, and AML compliance. ASP licensing is overseen by the Cyprus Bar Association, ICPAC (accountants), or CySEC. Working with an unlicensed provider is one of the fastest ways to have a Cyprus bank refuse your account on AML grounds.

Is Cyprus company formation the same as Cyprus company incorporation or Cyprus company registration?

Formation, incorporation, and registration all refer to the same procedure under Cyprus Companies Law, Cap. 113. Cyprus law uses the term incorporation (the legal term for the Registrar issuing a Certificate of Incorporation), while formation is the more common consumer phrasing internationally. The underlying procedure does not change regardless of the terminology used.

How much does it cost to maintain a Cyprus company per year?

Annual running costs for a Cyprus Ltd typically total €1,500 to €3,500 per year, excluding the statutory audit. The main components are the statutory audit (€800 to €1,500 depending on company size and complexity), company secretary services (€300 to €600), and registered office address (€200 to €400). The €350 annual government levy was abolished from 2024. Companies with employees, VAT obligations, or active operations incur additional accounting and compliance costs on top.

Can a non-EU citizen own or direct a Cyprus company?

Non-EU nationals face no nationality restrictions and can hold 100% of shares and serve as sole director of a Cyprus Ltd. A licensed ASP handles the full incorporation remotely under a power of attorney, so the owner does not need to travel to Cyprus. The company must have a Cyprus-registered office address and comply with local substance requirements if Cyprus tax residency is sought.

Sources

Department of Registrar of Companies and Intellectual Property: companies.gov.cy
Cyprus Ministry of Finance: mof.gov.cy
2026 Tax Reform: Government Gazette, 31 December 2025 (amending Income Tax Law 118(I)/2002 and Special Defence Contribution Law 117(I)/2002)
Abolition of the €350 annual company levy: Companies (Amendment) Law 25(I)/2024, DRCIP notice
EU list of non-cooperative jurisdictions (revision 17 Feb 2026): Council of the EU
Central Bank of Cyprus: centralbank.cy (register of licensed credit institutions)
ASP regulation: Cyprus Law 196(I)/2012, administered by the Cyprus Bar Association, ICPAC, CySEC
Competitor pricing survey (May 2026): SFM, Fidesta, Meridian Trust, Chambers & Co, EasyCorporate, Eurofinanzza, Asterisk Corporate, Nexora Cyprus. Provider URLs available on request — use the quote form on this page.