NEXORACYPRUS

Adviser-Led Service

Cyprus Company Incorporation

We provide a fully professionally managed Cyprus company formation service — from name approval through to your certificate of incorporation, registered office, and all statutory filings. Every engagement is handled by experienced company formation advisers, not a generic filing agent.

Cyprus offers a 15% corporate tax rate, an EU-compliant legal framework, full access to the EU Single Market, and one of the most competitive IP Box regimes in Europe. Incorporation through qualified professionals provides the certainty and structural precision your business deserves.
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15%
Corporate tax rate
3–6mo
Typical incorporation timeline
3%
Effective IP Box rate
EU
Member state

Is this for you?

Who This Is For

Our incorporation service is built for founders, operators, and investors who demand professional precision and commercial substance.

International Founders

International founders wanting an EU jurisdiction for SaaS, e-commerce, and digital services. No Cyprus residency required. No nationality restrictions on shareholders or directors.

Entrepreneurs Relocating to Cyprus

Entrepreneurs relocating to Cyprus as their primary business base — benefiting from the Non-Dom regime, 60-day rule, and access to the full Cyprus corporate tax framework.

Holding Structures

Groups establishing a Cyprus holding company above operating subsidiaries — to hold shares, manage group IP, or route dividends through a tax-efficient EU layer.

IP-Owning Businesses

IP-owning businesses seeking to benefit from the Cyprus IP Box regime — approximately 3% effective tax rate on qualifying income from patents, software, and other qualifying intangibles.

Investment Vehicles

Investors wanting a clean EU corporate vehicle for share and asset transactions — with access to Cyprus's extensive double tax treaty network and EU parent-subsidiary rules.

Non-EU Founders

Non-EU founders seeking an EU-regulated company without requiring EU residency. Any individual or entity from any country can be a 100% shareholder and sole director.

The legal process

The Formation Process

Cyprus company incorporation follows a defined statutory procedure under the Companies Law, Cap 113. Here is exactly what is involved.

NAME
NAME

Name Approval Application

10–15 days (standard) / 2–3 days (expedited)

Before any incorporation documents are filed, a name approval application is submitted to the Registrar of Companies. Up to three preferred company names are submitted in order of preference. The Registrar reviews the proposed names against the existing register to ensure they are not identical or confusingly similar to existing registered companies, and checks for restricted words ('bank', 'insurance', 'trust', 'royal', 'government' all require specific authorisations).

  • Submit up to three preferred names, listed in order of preference.
  • Standard name approval: 10–15 working days. Expedited: 2–3 working days (additional fee applies).
  • We advise on name availability and suitability before submission to reduce the risk of rejection.
  • Once approved, the name is reserved while the incorporation documents are prepared and filed.

Note: We begin preparing the HE1, HE2, HE3, and M&AA documents during the name approval period to minimise the overall timeline.

HE2
HE2

Registered Office Declaration

Filed at incorporation

Every Cyprus company is required by law to maintain a registered office in Cyprus. The HE2 is the statutory declaration of the registered office address. This address appears on the public register and is used for service of official documents, including notices from the Registrar, court documents, and regulatory correspondence.

  • The registered office must be a physical address in Cyprus — a PO Box is not sufficient.
  • We provide a Cyprus registered office address as part of our Business Setup, Premium, and IP/Tech packages.
  • The address can be updated by filing a new HE2 if the registered office changes.
  • The registered office address is publicly accessible on the Cyprus Companies Register.

Note: The registered office does not need to be where the business is actually conducted. Its function is primarily statutory.

HE3
HE3

Directors & Secretary Registration

Filed at incorporation

The HE3 records the initial officers of the company — its directors and company secretary. Every Cyprus private company must have at least one director and one company secretary. This information is filed with the Registrar at the time of incorporation and becomes part of the public record.

  • Full name, address, nationality, and date of birth are required for each director and the secretary.
  • Directors can be individuals or corporate entities.
  • There is no requirement for directors to be Cyprus residents, though tax and substance considerations may be relevant.
  • We provide nominee director services and company secretarial services as part of our higher-tier packages.

Note: Any subsequent changes to directors or the company secretary must be filed via a further HE3 within 14 days of the change.

M&AA
M&AA

Memorandum & Articles of Association

Prepared & filed at incorporation

The Memorandum and Articles of Association (M&AA) is the constitutional document of the company. The Memorandum defines the company's name, registered office, objects (the purposes for which the company is incorporated), and authorised share capital. The Articles govern the internal management of the company — meetings, voting, dividends, share transfers, and director powers.

  • We prepare a standard M&AA for most incorporation engagements, based on the Table A model adapted for Cyprus practice.
  • The objects clause is drafted to be sufficiently broad to cover all intended and ancillary business activities.
  • Bespoke M&AA provisions — such as class shares, weighted voting, drag-along/tag-along rights — are available on request.
  • The M&AA is filed with the Registrar and forms part of the publicly accessible company record.

Note: The M&AA can be amended after incorporation by special resolution, but amendments require Registrar filing. We recommend getting the M&AA right from the outset.

Step-by-Step

Cyprus Company Formation: Step-by-Step Timeline

Typical total: 3–6 monthsWith full docs ready: 3–4 monthsExcluding bank account opening
StepActionStandardExpeditedNotes
1KYC document collection & verification1–2 weeks1–2 weeksPassport + proof of address required
2Name approval application submittedWeek 1–2Week 1–2Up to 3 preferred names submitted in order
3Name approval by Registrar10–15 working days2–3 working daysProcessing time set by Registrar
4HE1/M&AA prepared by Cyprus advocate1–2 weeks after approval1 week after approvalHE1 = lawyer's sworn statutory declaration
5Incorporation documents filed (HE1/HE2/HE3/M&AA)Upon preparationUpon preparationFlat Registrar fee: €165
6Registrar issues Certificate of Incorporation3–6 months total5–10 working daysTiming driven by Registrar workload
7Tax registration (TIN) + VAT/VIES3–5 business days3–5 business daysRequired for all companies
8Bank account opening4–8 weeks4–8 weeksSubject to bank KYC; separate process

KYC Requirements

What You Need to Provide

Our engaged professionals are subject to AML/CFT obligations under Cyprus law. These documents are required from all directors, shareholders, and beneficial owners before we can proceed.

DocumentWho Provides ItFormatNotes
Passport (certified copy)Each director, shareholder, and UBONotarised or certifiedOriginal within 3 months of certification
Proof of addressEach director, shareholder, and UBOUtility bill or bank statementWithin 3 months of issue
Source of funds declarationEach UBOWritten statementDescribing origin of funds used in the business
Business descriptionInstructing partyWrittenDescription of business activity and objectives
Corporate documents (if corporate shareholder)Corporate shareholder entityCertified copiesCertificate of incorporation, M&A, directors list, UBO declaration

KYC & AML

Documents & Information Required

As company formation advisers working with regulated lawyers and accountants, we are subject to AML/CFT obligations under the Prevention and Suppression of Money Laundering Law. We are required to complete a thorough KYC process before and during the engagement. The following documents are required from all directors, shareholders, and beneficial owners.

All documents should be certified true copies. We will advise on the specific certification requirements based on your country of residence. Remote certification is accepted in most cases.

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Document Checklist

  • Certified copy of valid passport

    For each director, shareholder, and UBO

  • Proof of residential address

    Utility bill or bank statement, not older than 3 months

  • Source of funds declaration

    Explanation of the funds being used to capitalise the company

  • Source of wealth declaration

    Overview of how personal wealth has been accumulated

  • Business description

    Summary of the intended business activities and model

  • Intended activities

    Description of what the company will do and in which markets

  • Proposed ownership structure

    Details of shareholders, percentages, and any holding entities above

Package Comparison

What's Included in Your Formation

Service ComponentBasic RegistrationFormation BundleWhat It Covers
Name reservation✓✓Registrar name check and reservation
MOA & AOA drafting✓✓By qualified Cyprus lawyer for your structure
Registrar filing✓✓All HE1, HE2, HE3 forms
Certificate of incorporation✓✓Original certificate
Government filing feesNot included✓~€700–900 depending on share capital
VAT registrationNot included✓Taxisnet registration, VAT certificate
UBO registrationNot included✓DR-CIP UBO register submission
Tax registration (TIN)Not included✓Cyprus Tax Department registration
Bank account introductionNot included✓Introduction to suitable Cyprus bank or EMI

Statutory Framework

Key Requirements

Understanding the statutory requirements before you incorporate ensures your structure is set up correctly from day one.

Registered Office

Every Cyprus company must maintain a registered office address in Cyprus. This is the official address recorded with the Registrar of Companies and used for service of legal documents. We provide a registered office address as part of our Business Setup, Premium, and IP/Tech packages.

Directors (minimum 1)

A private company limited by shares must have at least one director. There is no requirement that directors be Cyprus residents, though tax residency considerations may influence this decision. Where substance or management and control is relevant, we advise accordingly.

Company Secretary (required)

Cyprus law requires all companies to appoint a company secretary. The secretary is responsible for ensuring compliance with statutory filing obligations. We provide company secretarial services as part of our higher-tier packages and on an ongoing basis.

UBO Register

All Cyprus companies are required to register beneficial ownership information with the Cyprus UBO Register, maintained by the Registrar of Companies. This must be completed promptly upon incorporation and kept up to date as ownership changes.

Annual Compliance

Cyprus companies have ongoing statutory obligations including an annual return (HE32), mandatory audit of financial statements (required for ALL Cyprus companies regardless of size — no exemptions), corporation tax filing (IR4), and maintenance of proper books and records. Our Annual Compliance package supports all of these.

Minimum Share Capital

There is no minimum share capital requirement for a private company limited by shares in Cyprus. The issued share capital can be as low as €1,000 (the typical standard), though we advise on appropriate capitalisation based on your business activities and banking requirements.

Transparent Pricing

Registration Fees

Fixed fees, no hidden costs. Government disbursements are passed through at actual cost.

Company Registration

Name approval application, incorporation documents (HE1, HE2, HE3), M&AA preparation and filing. Digital certificate pack included.

€800+ VAT+ ~€700 gov. fees
Expedited: 5–10 days | Standard: 3–6 months
Save €300

Formation Bundle

Company Registration + VAT/Tax/VIES/OSS Registration + UBO Registration — bundled at a reduced rate. Saves €300 vs individual.

€1,150+ VAT+ ~€700 gov. fees
Best value

Optional Add-ons

VAT, VIES, OSS & Tax Registration

Full Cyprus Tax Department registration: VAT number, VIES, OSS, and corporate income tax registration.

€400
+ VAT

UBO (Beneficial Owner) Registration

Registration of all beneficial owners with the Cyprus UBO Register under AML legislation.

€250
+ VAT

Bank Account — Local Bank

Full onboarding with a Cyprus-licensed commercial bank. KYC coordination and application management.

€1,000
+ VAT

Bank Account — Revolut Business

Faster alternative: Revolut Business account setup and onboarding support.

€350
+ VAT
View full pricing including annual maintenance & accounting

Typical timeline

Typical Timeline: 3–6 Months

Standard process: name approval takes 10–15 working days, followed by 3–6 months for the Registrar to process and issue the Certificate of Incorporation. Expedited process: name approval 2–3 working days, full registration 5–10 working days. The government fee is a flat €165. We provide a clear timeline estimate at the start of every engagement.

  1. 1
    Week 1

    Engagement & KYC

    Signed engagement letter, KYC documents received, onboarding call if required.

  2. 2
    Weeks 1–2

    Name Submission (HE1)

    We submit your preferred and alternative company names to the Registrar for approval.

  3. 3
    Weeks 3–6

    Name Approval

    The Registrar reviews and approves the company name — standard processing takes 10–15 working days; expedited takes 2–3 working days. We proceed immediately upon approval.

  4. 4
    Months 2–4

    Document Filing (HE2/HE3/M&AA)

    Incorporation documents are prepared and filed with the Registrar. Registrar processing adds further time before the certificate is issued.

  5. 5
    Months 3–6

    Certificate of Incorporation Issued

    Certificate of incorporation and all supporting documents issued. Your company is legally formed.

What affects the timeline?

  • KYC Completion

    The single biggest factor is the speed at which KYC documents are received. We provide a clear checklist at the start of every engagement.

  • Name Availability

    If your first-choice company name is unavailable or rejected, resubmission adds 3–5 working days. We advise on name selection to reduce this risk.

  • Registrar Processing

    Registrar of Companies processing times vary and are outside our control. We submit priority filings where possible.

  • Complex Structures

    Nominee arrangements, bespoke M&AA provisions, or multi-layer structures may require additional preparation time, which we will advise on upfront.

Standard disclaimer: All timelines are estimates based on typical Registrar processing. We will communicate proactively if any delay is anticipated.

Avoid These Errors

Common Mistakes to Avoid

These are the most common and costly errors we see when founders incorporate without professional guidance.

Not planning substance before incorporation

A Cyprus company without genuine management and control from Cyprus risks losing its Cyprus tax residency. Substance planning should precede incorporation, not follow it.

Choosing the wrong share capital structure

While the minimum share capital is €1, share capital affects nominee shareholder arrangements and banking KYC. We advise on the appropriate structure for your circumstances.

Using a generic business description

Banks and regulators scrutinise business descriptions carefully. Vague or overly broad descriptions delay banking and can trigger enhanced due diligence from the outset.

Not registering for VAT when required

VAT registration is mandatory when taxable turnover exceeds €15,600. Penalties apply for late registration. Proactive VAT advice at formation avoids this common and costly error.

Not filing the UBO register on time

Penalties of €100 per day capped at €5,000 apply for non-compliance with the UBO register. Registration must be completed promptly after incorporation and kept up to date.

Confusing nominee shareholders with real anonymity

UBO disclosure to the Cyprus UBO Register is mandatory by law. Nominee arrangements do not provide anonymity from regulatory or tax authorities — they do not limit UBO disclosure obligations.

Explore Further

View Transparent Pricing

Fixed fees with no hidden costs

Calculate Your Setup Cost

Interactive company setup cost calculator

Read: How to Register in Cyprus

Step-by-step registration guide

Check IP Box Eligibility

Interactive eligibility assessment tool

FAQs

Frequently Asked Questions

Expert-Led. Fixed Fee.

Start Your Incorporation

Begin with a brief intake form. We will review your requirements, confirm the right package, and get the process underway — typically within one business day.

Book a Free Consultation
Also see:Company Maintenance & Nominee ServicesView Full Pricing
No obligationResponse within 1 business dayFixed-fee engagementFully remote