Cyprus Company Formation Cost (2026)

The Registrar of Companies charges two fees. Name approval costs €10 for standard processing (3–5 working days) or €30 for accelerated (1 working day). The registration fee is €165 for standard authorised share capital, or €265 if you want expedited processing (same or next day). That is €175 to €295 in total government fees, depending on whether you accelerate the name and the filing. There is no stamp duty, no capital duty, and no annual company levy — all three have been abolished.

Stamp duty on the Memorandum of Association was abolished from 1 January 2026 by Law 239(I)/2025. Before that, it was charged at 0.1% of the share capital, with a minimum of €10 and a maximum of €500. The 0.6% capital duty on authorised share capital was abolished from 2019 by Law 124(I)/2018 — before that, a company with €100,000 authorised share capital paid €600 at incorporation. The €350 annual company levy was abolished from 2024. If a formation provider's invoice includes any of these three charges, you are being charged for something that no longer exists.

The HE1 statutory declaration (sworn by a Cyprus-licensed lawyer) does not carry a separate government fee — it is part of the €165 registration fee. The UBO register filing is free. The TIC registration with the Tax Department is free. VAT registration is free. The only government charges are the name approval (€10–€30) and the registration fee (€165–€265). Everything else on your invoice is professional fees.

Professional fees range from €1,200 for a basic incorporation to €4,000+ for a full-service package. The €1,200 baseline covers drafting the Memorandum and Articles, preparing HE1, HE2 and HE3, filing through DRCOR, and obtaining the Certificate of Incorporation. This assumes you act as your own director, appoint a separate individual as secretary (not a paid service), use your own physical address as registered office, and handle the TIC and VAT registration yourself.

The range widens with add-on services. A nominee director costs €1,500–€2,500 per year — this is a real person who serves as director to support substance and tax residency, not a name on a form. A nominee or corporate secretary costs €500–€800 per year. A registered office facility (a real address, not a PO box) costs €500–€800 per year. Bank account assistance with KYC preparation and bank introduction costs €800–€1,500. VAT registration costs €300–€500. First-year bookkeeping and accounting costs €1,200–€2,400 depending on transaction volume.

A typical full-service package — incorporation, nominee director, nominee secretary, registered office, bank account assistance, VAT registration, and first-year accounting — costs €4,500–€6,500 in professional fees, plus €175–€295 in government fees, for a first-year total of €4,675–€6,795. This is the number to compare across providers. If a provider quotes €450 for a "complete Cyprus company," the quote does not include the nominee director, the registered office, the secretary, the bank account, the VAT registration, or the accounting — all of which you will need separately.

What drives the range beyond the add-on list is structure complexity. A single-shareholder trading company with standard M&AA costs the baseline. A holding company with multiple subsidiaries, custom Articles with specific objects clauses, a nominee director for substance, fiduciary shareholder services, and bank account introductions for a non-EU beneficial owner costs more — because each of those involves real work by real people. The HE1 statutory declaration must be sworn by a Cyprus-licensed lawyer, which is a fixed cost that does not compress below approximately €500 regardless of how simple the structure is.

From year two, the setup cost is gone and you are paying maintenance. The annual cost of a Cyprus company is €2,000–€4,000 for a typical trading company, broken down as follows. Registered office: €500–€800 per year — a physical address in Cyprus, not a PO box, required under Cap. 113. Company secretary: €500–€800 per year — mandatory under Cap. 113, cannot be the sole director, typically provided as a corporate secretary service by the law firm or fiduciary that formed the company.

Bookkeeping and accounting: €1,200–€2,400 per year depending on transaction volume and whether you need monthly management accounts or just annual preparation. The annual return (HE32) filing with the Registrar is included in most accounting packages — the filing fee itself is €20–€50 depending on share capital. Corporate tax return (IR4) preparation is included in the accounting fee. Provisional tax calculations and filings are typically included as well.

Audit: €1,500–€3,000 per year, but only if your annual turnover exceeds €120,000. The audited accounts threshold was raised from €70,000 to €120,000 by the 2026 reform, which takes many small companies out of full statutory audit and saves €1,500–€3,000 per year. Below €120,000 turnover, a compilation report by a registered accountant suffices — not a full audit. Holding companies and IP Box companies require an audit regardless of turnover. Several competitor pages still state that audit is mandatory for all Cyprus companies regardless of size — that has not been accurate since the reform.

If you have employees, add payroll processing: €200–€500 per month depending on headcount. If you are VAT-registered, add VAT return preparation: €200–€400 per quarter, often bundled into the monthly accounting fee. The €350 annual company levy was abolished from 2024, so that line item is gone. The total annual maintenance for a small trading company with €80,000 turnover (below the audit threshold) is approximately €2,200: €600 registered office, €600 secretary, €1,000 accounting. For a company with €200,000 turnover (above the audit threshold), it is approximately €4,800: €600 registered office, €600 secretary, €1,800 accounting, €1,800 audit.