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.
Resumen Rápido
The Chipre Registrar fee for standard incorporation is €165 (up to €1,000 authorised share capital). Total all-in incorporation cost including professional fees is typically €700–€1,500. The €350 annual company levy was abolished from 2024. Ongoing annual costs for an active company include registered office (€300–€600), secretarial services (€500–€1,200), accounting (€800–€3,000), and audit (€1,500–€5,000).
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) | €0 (abolished 2024) | Annual levy was abolished from 2024; previously €350/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 Chipre is a separate process from company registration and involves its own costs and timeline. Traditional Chipre banks (Bank of Chipre, 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 |
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Preguntas frecuentes
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 still payable?
No. The Cyprus annual company registration levy of €350 was abolished with effect from 2024. No annual government levy is currently payable on registered Cyprus companies. Companies with unpaid levies from 2011–2023 remain liable for those arrears.
Are there ongoing compliance costs for a dormant Cyprus company?
Yes. Even a dormant company must file the HE32 annual return (and incur associated secretarial costs) and submit a nil corporate tax return. The €350 annual levy no longer applies from 2024. Minimum annual costs for a dormant company are typically €800–€1,500.
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.
Aviso legal: Este artículo es solo informativo y no constituye asesoramiento legal, fiscal ni financiero. Las leyes fiscales cambian frecuentemente. Consulte a un asesor cualificado en Chipre para su situación específica.
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