Cyprus Company Formation Costs 2026: Full Breakdown of Fees
Transparent breakdown of every cost in Cyprus company formation: Registrar fees (€165), professional fees, registered office, nominee services, banking setup, and ongoing annual costs. No hidden numbers.
One-Time Incorporation Costs
Cyprus Company Incorporation — Cost Breakdown
| Item | Typical Cost | Notes |
|---|---|---|
| Registrar filing fee (HE1+HE2+HE3+M&AA) | €165 | Government fee; standard share capital up to €1,000 |
| Expedited Registrar processing | +€100 | Optional; reduces timeline to 1–2 days |
| Professional/legal fees — standard incorporation | €500–€1,500 | Varies by provider; includes name search, drafting, filing |
| M&AA bespoke drafting (if required) | €300–€800 | For class shares, drag-along, complex provisions |
| Apostilled certificates (if needed abroad) | €50–€150/set | Certificate of Incorporation, M&AA, directors/shareholders |
Recurring Annual Costs
Annual Running Costs — Cyprus Company
| Item | Annual Cost | Notes |
|---|---|---|
| Annual Levy (Registrar) | €350 | Mandatory for all companies; payable by 30 June each year |
| Registered office service | €300–€600/year | Required by law; price varies by provider |
| Company secretarial service | €500–€1,200/year | Includes HE32 filing, minutes, resolutions |
| Nominee director service (if used) | €1,500–€4,000/year | Varies by scope of responsibilities |
| Accounting/bookkeeping | €800–€3,000/year | Depends on transaction volume |
| Audit (if required) | €1,500–€5,000/year | Mandatory for most active companies |
| Corporate tax return preparation | €500–€1,500/year | Included in some accounting packages |
Banking and EMI Costs
Opening a corporate bank account in Cyprus is a separate process from company registration and involves its own costs and timeline. Traditional Cyprus banks (Bank of Cyprus, Hellenic Bank) typically charge annual maintenance fees of €200–€500/year and require in-person meetings. Electronic Money Institution (EMI) accounts (e.g., Wise Business, Airwallex, Revolut Business) are often faster to open and cheaper to maintain.
Banking Options — Cost and Timeline Comparison
| Option | Setup Time | Annual Fee | Notes |
|---|---|---|---|
| Cyprus bank (Bank of Cyprus, Hellenic Bank) | 4–12 weeks | €200–€500 | In-person KYC; comprehensive services |
| EMI (Wise Business, Revolut Business) | 1–2 weeks (online) | €0–€240 | Good for international payments; no lending |
| International bank (HSBC, ING) | 8–16 weeks | €300–€1,000 | Suitable for larger structures; more complex onboarding |
Frequently Asked Questions
What is the minimum cost to register a company in Cyprus?
The minimum government fee is €165 (Registrar filing fee for standard share capital). With basic professional fees, the total all-in cost for a straightforward incorporation is typically €700–€1,500.
Is the €350 annual levy a tax?
No. The €350 annual levy is a company maintenance fee payable to the Registrar of Companies to keep the company on the active register. It is not a corporate income tax.
Are there ongoing compliance costs for a dormant Cyprus company?
Yes. Even a dormant company must pay the €350 annual levy, file the HE32 annual return (and incur associated secretarial costs), and submit a nil corporate tax return. Minimum annual costs for a dormant company are typically €1,000–€2,000.
Do I need to pay for an audit every year?
Cyprus law requires that companies whose annual turnover exceeds €200,000 (or meet other size criteria) must have their financial statements audited. Small/dormant companies below the threshold may be exempt from full audit.
Disclaimer: This article is for informational purposes only and does not constitute legal, tax, or financial advice. Tax laws change frequently. Consult a qualified Cyprus adviser for guidance specific to your situation.
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