Starting a company in Cyprus is one of the most efficient ways for international entrepreneurs to expand into Europe. A Cyprus company setup offers full foreign ownership, straightforward registration, and compliance with EU regulations. This guide walks you through every step—from initial planning to ongoing compliance—ensuring your business operates legally and efficiently. Whether you’re a non-resident or looking to optimize tax and corporate structure, this guide provides actionable insights. With expert tips, common pitfalls, and practical examples, you’ll understand exactly how to register, manage, and grow your Cyprus company while staying fully compliant.
Cyprus is an attractive jurisdiction due to low corporate taxes, EU membership, and robust legal framework.
It allows 100% foreign ownership and easy access to international banking.
Companies benefit from a stable business environment, clear regulations, fast registration processes, and potential tax planning advantages such as Non-Dom status for qualifying residents in 2026.
Collect essential documents: passports, proof of address, and business plan.
Decide on company type (Ltd is most common for foreign investors).
Prepare details of directors, shareholders, and company secretary.
Optional: Nominee directors or shareholders for privacy and compliance.
Ensure all documentation aligns with current 2026 regulatory requirements, especially for Non-EU owners aiming for tax residency or Non-Dom benefits.
Submit application to the Cyprus Registrar of Companies.
Receive certificate of incorporation within 7–14 business days.
Open a corporate bank account with licensed Cyprus banks, verifying documentation carefully for Non-EU owners.
Obtain tax registration and VAT number if applicable.
Plan the process so that residency requirements, including the 60-Day Rule, can be met if desired for tax optimization.
Maintain accurate accounting records and file annual returns.
Ensure timely submission of tax filings and VAT reports.
Follow EU regulations, including GDPR and anti-money laundering.
Coordinate with local accountants to maintain eligibility for Non-Dom benefits where applicable.
Plan for long-term compliance to avoid fines, ensure smooth operations, and maximize tax efficiency in 2026.
Use professional Cyprus service providers for setup, accounting, and legal advice.
Understand the 60-Day Rule for tax residency and ensure all conditions are met throughout the tax year.
Coordinate with legal experts to avoid common registration mistakes.
Plan for payroll and employment regulations if hiring locally.
Track your days in Cyprus, economic activity, and documentation carefully if aiming to optimize residency and Non-Dom tax benefits.
Q: How can non-residents open a Cyprus company?
A: Non-residents can open a Cyprus company with professional support. Submit documents, appoint directors, and comply with local regulations for seamless setup.
Q: What is the cost of Cyprus company setup?
A: Costs vary depending on services included. Typically cover registration fees, legal advice, accounting, and compliance support.
Q: Do I need a local director in Cyprus?
A: Local directors are optional but sometimes recommended for tax and substance compliance. Expert advice ensures proper structure.
Q: How long does registration take?
A: The process usually takes 7–14 business days once all documents are submitted and verified by the authorities.
Q: What ongoing compliance is required?
A: Annual returns, bookkeeping, tax filings, and adherence to EU regulations. Using licensed Cyprus accountants ensures full compliance.