You’re ready to start a company in Cyprus. You’re not ready to spend weeks on paperwork. We register your company at the Registrar of Companies, handle the tax identification number, open a bank account, and file your initial filings so you open for business, not drowning in red tape.
Incorporation Timeline
Client Satisfaction
You don’t need incorporation to start testing your idea. You DO need it when:
You’re taking investment money or loans (banks require it)
You’re opening a bank account in the company name
The earlier you incorporate, the less legal cleanup you’ll do later. It takes 7–10 days and costs €599. Delaying costs thousands in back-registration and tax complications.
We check if your company name is available at the Registrar. If it’s taken, we suggest alternatives. You confirm the name you want.
We prepare your Memorandum and Articles of Association (the company rulebook), you review and sign, and we file everything at the Registrar of Companies.
The Registrar reviews your filing, approves it, and issues your Certificate of Incorporation. You’re now a legal company.
We apply for your Tax Identification Number (TIN) and register you with the Social Insurance Department. Both are required for business operations.
You open a company bank account with your new registration documents. We guide you on required documentation.
Following the accession of Cyprus in the EU in 2004 and the abolition of the "offshore regime", Cyprus has maintained a simplified and effective tax system in full compliance with the EU and the OECD.
As a result of the above Cyprus has become a stable EU, "non-offshore" low tax jurisdiction with a beneficial tax regime for foreign businesses and individuals as well as a safe professional business environment.
Cyprus has one of the lowest-taxation rates within the EU, with a flat tax rate at 15% on profit. Cyprus offers additionally to its tax benefits, great advantages as a respectful and useful jurisdiction for holding companies.
It is important to indicate that the business climate in Cyprus is based on a free and open economy, offering first-class legal and financial expertise. It's very easy to fly in and out of Cyprus throughout the year.
All-in cost: €599. No hidden fees, no surprises on the invoice.
| Items | Cost | What's Included |
|---|---|---|
| Registrar Filing Fee | €149 | Cyprus Registrar of Companies registration |
| Legal Preparation & Filing | €350 | €350 |
| Tax ID & Social Insurance Application | €100 | Government applications (TIN, CSCS registration) |
Not included: Bank account opening (your bank handles that), shareholder/director agreements (add €200 if needed), company secretarial services (add €500/year if needed).
Choose the situation that matches yours. We’ll guide you from there
SITUATION 01
That’s exactly the right thinking. We incorporate you before you make your first hire or take your first client.
SITUATION 02
Common. We incorporate you now and handle any back-registration or tax issues so you’re fully legal and compliant going forward.
SITUATION 03
That uncertainty is exactly why you’re here. We explain every step, every cost, and every requirement before we start.
SITUATION 04
We advise whether you need a Private Company Limited by Shares, sole proprietorship, or another structure based on your business plans and tax situation.
We take pride in delivering justice with integrity, dedication, and trusted legal expertise. Our clients’ voices reflect the true strength of our firm
The attorneys at this firm resolved my corporate contract dispute quickly and professionally. Their expertise saved me both time and money.
7–10 business days from the moment we file. The Registrar typically approves within 2–3 days, tax ID comes in 2–3 more, and you're ready to operate.
Most entrepreneurs use Ltd (most common, standard liability protection). If you're a freelancer, you might want a sole proprietorship (simpler but no liability protection). We advise on which fits your business.
Required by law. It can be you, a co-owner, or a professional secretary. We can act as your company secretary for €500/year if needed.
Yes, our team also assists with immigration & international legal matters.
You can easily schedule an appointment through our website or by contacting our office directly.
Our personalized approach, proven track record, and dedicated team of attorneys set us apart.
Yes, but it costs money and time (amendment fee €300–500). Get it right the first time. That's why we verify everything upfront.
Yes. Cyprus requires annual financial statements (audit if revenue >€2.6m), tax returns by March 31st, and corporate tax compliance. We offer accounting services separately starting at €1,200/year.
Yes. You don't need to be a resident to own and operate a Cypriot company. We handle it all remotely.
Included: registration, tax ID, social insurance setup. NOT included: bank account opening (your bank handles that), shareholder agreements (€200 extra), annual accounting (€1,200+/year), company secretarial services (€500/year).
A rushed company registration can cost you far more later than it saves you now. Talk to a corporate service provider that gets it right the first time.
+357 25-352-352
info@naklaw.com
Anexartisias & Athinon, Nora Court, 2nd Floor, Office 201-202, 3040 Limassol, Cyprus
Get in touch with our legal experts today.
7–10 business days from now, you’ll have a registered company, a tax ID, and the documents you need to open a bank account and hire employees. That’s worth 30 minutes on a call with us today.
+357 25-352-352 | info@naklaw.com | Available Monday–Friday, 9am–6pm CET
