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Company Formations in Cyprus

General Conditions for Company Formations in Cyprus

Cyprus has a lot to offer. Apart from fantastic weather (340 sunny days in a year), the tax framework in Cyprus is more than competitive.

Furthermore, one can enjoy a reasonable cost of living and low housing costs if living in a hot spot is not required. Hence, numerous international companies are already doing business in and from Cyprus. More and more entrepreneurs are setting up branches and subsidiaries on the Mediterranean island.

After years of turmoil, the banking sector fully recovered, and newly formed companies obtained bank accounts at stable local banks, unlike in Malta.

Our experienced and highly qualified international tax and legal advisors will review your company structure and existing management or mandate contracts. We also offer a review of your contractual arrangements at home and abroad. In addition, our tax and accounting department will be pleased to take care of your bookkeeping and tax returns.

Why not work with us – we offer company formations in Cyprus at a fixed price of 2.850,00 € net all-in. Enjoy our fast, reliable, and competent approach in your native language (German, English, French, Czech, Slovak, Greek, or Russian)!

Ideal Tax Framework for Holding Companies

Before the Republic of Cyprus joined the European Union, the former “offshore” regulations were abolished. Thus, the Cypriot legislation fulfills all relevant EU standards, EU regulations, OECD- standards, the FATF, and the FSF.

Cypriot companies are recognized throughout the European Union as EU companies with an extensive Tax Treaty Network. This circumstance is used mainly by holding companies. Cyprus nowadays has one of the most favorable Tax Regimes and competes within the EU with Ireland, Malta, the Netherlands, and Luxembourg at a split of the cost or with the UK as a NON-EU Jurisdiction.

Why not speak to us about the advantages of a holding structure?


What you need to consider

A long-term stay in a country for more than 183 days will usually (and automatically lead)  to an unlimited tax liability for your world income. Some countries go even further and already assign this tax liability if you can permanently use your apartment (this can even be the room in your parent’s house or a regularly visited hotel), which you can access with your keys – known as “Schlüsselgewalt” in German-speaking countries. This rule establishes or maintains an unlimited Tax liability for your world income.  If this subject interests you, you may find out more on our dedicated website for Taxation.

The often cited and generally used “183-Days-Rule” is not entirely correct. It can only be used to a limited extent as few countries (Germany) deem a personal tax liability if one spends more than 183 days within the country in two consecutive years, spanning two tax periods.

One can, therefore, only advise that people interested in relocating their place of residence not to rely on start-up agencies and other jokers – the pitfalls are too great, and sound advice is required. A few advisors (specialized lawyers, accountants) have studied tax law for years, and others do a weekend seminar or attend Google University – where do you feel better off?

It’s amazing what’s on offer on the internet. Believe us – there is no point in having no tax residency/residence anywhere. If in doubt, you never gave up your original tax liability (in your country of birth) or are automatically subject to tax through your passport. So if you have plans for company formations in Cyprus, we should discuss your relocation in detail. 

TOP Jurisdiction for EU-Residence

Cyprus, however, offers ideal conditions for a tax residence because, unlike Malta or Ireland, a stay of just 60 days is sufficient to obtain tax residence in Cyprus.

Of course, you are not allowed to stay in any other country for more than 183 days which would trigger an unlimited tax liability there. This concept is, therefore, ideal for everyone who can live and work flexibly (e.g., digital nomads).

You can rely on well-founded and legally sound advice if you come to us. Together we will find your ideal life concept.

To receive a detailed offer or placing an order, please fill out the form down below for Company Formations and we will get back to you shortly !


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