Company Formation in Cyprus
Cyprus is a leading business hub in the EU, offering a favorable corporate tax regime, a strategic geographical location, and a stable regulatory environment. We assist clients with setting up various types of legal entities, including:
- Limited Liability Companies (LTDs) – The most common corporate structure, providing flexibility and limited liability for shareholders.
- Partnerships (General and Limited) – Suitable for businesses seeking joint ownership with shared responsibilities.
- Branch Offices & Subsidiaries – Ideal for foreign companies looking to expand their presence in Cyprus.
- Sole Proprietorships – A simple business structure for self-employed individuals.
- Public Companies (PLC) – Designed for larger businesses with the potential to be publicly traded.
Legal Support for Company Incorporation
Our team manages the entire company registration process, including:
- Company Name Approval – Submission of the proposed company name for approval by the Registrar of Companies and Intellectual Property.
- Drafting the Memorandum & Articles of Association – Ensuring compliance with the Companies Law, Cap. 113 and reflecting the company’s structure and objectives.
- Submission of Incorporation Documents – Registering the company with the Department of Registrar of Companies, including director, shareholder, and secretary appointments.
- Acquiring a Registered Office Address – Every company in Cyprus must have a local registered office, which we can assist in establishing.
- Compliance with Corporate Obligations – Including tax registration, VAT registration, and adherence to Anti-Money Laundering (AML) regulations.
Business Facilitation Unit (BFU) Registration
The Business Facilitation Unit (BFU), established under the Council of Ministers Decision on Foreign Interest Companies, streamlines the process for international businesses relocating to Cyprus. The BFU allows companies to benefit from fast-track immigration procedures, tax advantages, and investment incentives.
Eligibility for BFU Registration
To qualify for BFU registration, a company must:
- Have foreign participation of at least 50% in its shareholding structure.
- Engage in legitimate business activities that contribute to Cyprus’ economy.
- Maintain a physical presence in Cyprus with an office and employees.
- Ensure a minimum investment of €200,000 deposited into a Cypriot bank account.
BFU Registration Benefits
- Fast-track Work & Residency Permits – For key personnel and their family members.
- Corporate Tax Advantages – Including a 12.5% corporate tax rate, one of the lowest in the EU.
- Simplified Business Setup Process – Less bureaucracy and quicker company registration.
- Access to the EU Single Market – Allowing seamless business operations across Europe.
Additional Legal & Compliance Services
Once your company is registered, we provide ongoing corporate legal support, including:
- Employment Law Compliance – Ensuring all contracts align with Cyprus labor laws.
- Regulatory & GDPR Compliance – Meeting General Data Protection Regulation (GDPR) requirements.
- Tax & VAT Registration – Filing necessary tax registrations with the Cyprus Tax Department.
- Bank Account Opening – Assisting with corporate bank account setup.
Start your business in Cyprus today with expert legal support. Contact us for a consultation!
