Figures verified16 OctoberNext weekly checkMondays 06:00Deadline 31 October31 October 2026
Branch registration
Register a branch in Cyprus.
Foreign company. Local presence.
Foreign companies can register a branch in Cyprus — an extension of the parent company rather than a separate legal entity. Different tax and liability treatment compared to a Cyprus subsidiary.
Branch vs subsidiary — key differences
| Aspect | Branch | Cyprus subsidiary |
|---|---|---|
| Legal entity | Part of parent | Separate legal entity |
| Parent liability | Yes — unlimited | Limited to share capital |
| Tax on Cyprus profits | 15% | 15% |
| Tax on foreign profits | Parent's jurisdiction | Cyprus only |
| Audit required | Yes (parent accounts) | Yes (own accounts) |
| Name | Must include parent name | Own name |
| Local director required | Authorised rep required | Yes |
| Registration | Registrar — branch of foreign co | Registrar — Cyprus Ltd |
Documents required
Certified copy of parent certificate of incorporation
Certified copy of memorandum & articles
List of directors
Authorised representative details (Cyprus-based)
Branch address in Cyprus
Apostille or legalisation as required
Certified translation (if not English)
Registration process
1Appoint Cyprus-based authorised representative
2Prepare and certify documents
3File with Registrar of Companies (Form HE105)
4Registrar issues branch registration certificate
5Register with Tax Department
6Open bank account (if needed)
Tax treatment of Cyprus branches
A Cyprus branch is taxed on its Cyprus-source income — profits attributable to the branch's activities in Cyprus. The branch is taxed at the same 15% corporate tax rate as a Cyprus subsidiary. Profits remitted from the branch to the foreign parent are not subject to withholding tax in Cyprus.
CT on Cyprus branch profits15%
WHT on profit remittance0%
Transfer pricing appliesYes
Separate accounts requiredYes
Annual auditYes
IR4 filingRequired
Registering a branch in Cyprus?
Ask Taxerly about branch registration, tax treatment, authorised representative requirements and comparison with subsidiary formation.