Cyprus
EU member · eurozone · English-influenced company law
Full EU market access at 12.5 per cent corporate tax — one of the lowest rates in the Union. Formerly British: English is the business language and is accepted in court.
The country
EU member since 2004, eurozone, 1.2 million people.
Company law follows the English model. English is the business language and is accepted in court.
Limassol is an established base for international holding companies, shipping and fund structures.
Tax and obligations
- Corporate tax of 12.5 per cent.
- No withholding tax on dividends to non-residents.
- IP box at an effective 2.5 per cent on qualifying intellectual property income.
- Notional interest deduction on new capital. Over 65 double taxation treaties.
- Non-dom status for new arrivals: seventeen years free of the special defence contribution on dividends and interest.
- A Company Secretary and a Registered Office are mandatory.
Registers and transparency
As an EU member, Cyprus keeps a register of beneficial owners. Since the 2022 ruling of the Court of Justice, access is limited to those with a legitimate interest rather than open to everyone.
Company forms
Private Limited Company · Public Limited · Branch · Partnership · International Trust · Investment funds (AIF, RAIF)
What you need to know
Every Cypriot company needs audited annual accounts — including a small one, including a dormant one. That is a yearly item and it is not in the formation price. In addition: local substance matters more and more. A pure letterbox no longer holds, neither with banks nor with tax authorities.
Our product for this jurisdiction
Cyprus Limited
€3,450
Fixed price, first-year government fees included, one point of contact through to incorporation.
See scope and price