Cyprus Cyprus 
A Cyprus company brings EU membership and a wide treaty network, along with real ongoing obligations. We guide the setup and then manage the annual accounts, tax and VAT filings, secretarial duties, and records as one partner.
Expanship is an independent corporate services provider, not a government agency, and is not affiliated with the Government of the Republic of Cyprus or the Department of Registrar of Companies and Intellectual Property. We advise, prepare, and coordinate on your behalf; those authorities alone decide what they approve.
The Jurisdiction
Cap 113 is modelled on the United Kingdom Companies Acts, and English is the working language of Cypriot corporate practice. On top of it sits European Union law, which applies directly, so your company operates inside the same legal framework as its customers in the single market.
The company banks in euro inside the eurozone, with SEPA settlement to twenty-seven member states as a domestic transfer rather than an international one. There are no exchange controls, and funds move in euro or any other currency without a permit.
Directors, shareholders and audited accounts sit on the public company file, and beneficial ownership is confirmed each year. This is the opposite of the offshore case, and it means a Cyprus company arrives at European banks and counterparties with a record they can check for themselves.
A registered office in Cyprus and a company secretary are required; a resident director is not. Where management and control actually sit does decide the company's tax residence, so the composition of your board is a decision to take deliberately rather than by default.
The annual return, Form HE32, within twenty-eight days of the annual return date, filed with audited financial statements. The beneficial ownership confirmation between 1 October and 31 December. The corporate income tax return by 31 January of the second year after the tax year. Cyprus asks for more than an offshore jurisdiction, and what it gives back is a public record that counterparties can verify.
Our services
Our Cyprus services, from forming the company to the audited accounts and annual confirmations it must file. Each branch opens the page that explains it.
The company
Formed once under Cap 113, with our team preparing and submitting the application, then supported by us through each year's filings.
Overview
The entity
Existing company
After incorporation
Pricing
Overview
Annual filings
The record
Pricing
The address
The officer
On the board
On the share register
How we rate Cyprus on twenty measures in five categories, scored out of ten, with the republic's current standing at the European and international bodies that review it.
Privacy & Confidentiality
Average 5.4
Banking & Financial
Average 8.9
Regulatory & Compliance
Average 9.4
Business Environment
Average 8.1
International Recognition
Average 9.0
Cyprus scores 8.2 overall
Cyprus
What the beneficial ownership register holds, who is allowed to see it, and what leaves the jurisdiction automatically each year.
How readily international banks open and hold accounts for entities formed here, and how freely money moves once they do.
The governing law, the bodies that supervise it, and where the jurisdiction sits on the international tax and transparency regimes.
What it takes to form and run an entity here: how fast, what it is taxed, and how stable the law behind it has proved.
How the jurisdiction is regarded outside its own borders, and how far its treaty and trade arrangements actually reach.
Start your company
One fee covers the incorporation. Cap 113 then requires an address and an officer for as long as the company exists, and your structure may call for more.
One legal structure in Cyprus, and every piece of work between your enquiry and the day the company exists. The memorandum and articles are drawn and signed by a lawyer admitted to the Cyprus Bar, as the law requires, before anything is filed.
Cyprus Companies Law, Cap 113
Already have a Cyprus company with another provider? Bring it to us for US$350, one time. Its number, its date and its contracts do not change. About transferring your company
The Department of Registrar of Companies and Intellectual Property does not accept applications from the public: the filing must be made by a registered office provider or a Cyprus-admitted lawyer. Expanship is not a government agency and is not that agent — we prepare and check your file and instruct that provider to file it, and the decision, with its timing, rests with the authority.
An address inside Cyprus and a statutory officer, both required by Cap 113 for as long as the company exists. Both are covered for your first year inside the incorporation fee, and both renew annually after that.
Requirement A
A real address in the Republic, recorded with the authorities as your company’s address. Cyprus does not accept a mailbox for it. Your statutory registers are kept there and your correspondence is forwarded on.
About the registered officeRequirement B
Section 171 of Cap 113 asks every Cyprus company to keep a secretary at all times. We act as yours: the registers are written up, the board is minuted, and each change is filed inside the days the law allows.
About the company secretaryA governance decision taken at formation, not an extra bought afterwards. Cyprus puts its directors and its members on a file anyone can read, so who appears on it is settled before a share is allotted, and beneficial ownership is confirmed to the authorities either way.
On the board
On the share register
An account follows incorporation, since a bank needs the company to exist first. Assistance is included in every package, or arranged on its own.
Commonly opened in Cyprus, the eurozone, the wider European Union, or with a digital provider. A euro payment inside the single area settles as a domestic transfer, there are no exchange controls, and nothing obliges the company to bank in Cyprus.
Ongoing compliance
A Cyprus company is registered once and maintained for as long as you own it. The corporate side of that year is held under a single annual package; the audit and the corporate income tax return run alongside it, with your auditors.
One document leaves your company on a date the Companies Law sets, and lands on a file anyone can read. It is drafted from records we already hold, sent to you for a single approval, and filed.
The one service with no filing date attached to it, because it is the thing the return above draws on. Cyprus asks for an audit whatever the size of the company, and an audit is only as quick as the books behind it.
Accounting and bookkeeping Transactions recorded and accounts reconciled month by month, financial statements prepared under IFRS for your auditors, and the records kept at the registered office where the law expects to find them.Why Expanship
A Cyprus company comes with real bookkeeping: the annual return, the audited accounts and the tax return. One team handles the setup, the secretarial duties and every year’s accounts, under a price agreed up front.
What every engagement includes
Setup, the local office, secretarial duties and the accounts in one figure, agreed first.
One person who knows your file and answers for it, not a ticket queue.
What we need from you, and what happens next, set out before the work starts.
Annual return, audited accounts, tax return and secretarial duties, by one team.
Onboarding to signing, all online. No trip to Cyprus unless the law demands one.
Strict security protocols and professional confidentiality throughout the process.
FAQ
What Cyprus offers, what it asks, and how the work with us runs.
A common law tradition. The companies law, Cap 113, is modelled on the United Kingdom Companies Acts, English is the working language of corporate practice, and European Union law applies directly on top. The final appeal is to the Supreme Court of Cyprus.
Corporate income tax at 15 per cent on worldwide profits, with an intellectual property regime and over 65 double taxation agreements that can reduce the effective rate on particular income. Cyprus is a taxed jurisdiction by design, which is part of what makes it accepted in Europe.
Cyprus is an EU member state, so it cannot appear on the EU lists, and it is not under FATF increased monitoring. Its last evaluation rated 38 of the 40 Recommendations compliant or largely compliant, and the OECD Global Forum rates it Largely Compliant.
Directors, shareholders and audited accounts are on the public company file. Beneficial ownership is confirmed to the authorities each year, but public access to it was withdrawn in 2023. Cyprus is deliberately more open than an offshore jurisdiction.
Yes. A Cyprus company can be wholly owned by non-EU nationals, and a resident director is not required. Where the board actually meets decides the company's tax residence, so the composition of the board is a choice to make deliberately.
No. Expanship is a privately owned corporate services company. We are not a government agency, registry, or regulator, and we are not affiliated with, endorsed by, or acting on behalf of the Government of the Republic of Cyprus or the Department of Registrar of Companies and Intellectual Property. Company registrations, certificates, and registry documents are issued solely by those authorities, at their discretion. Our fee is for our own work; government fees are set by those authorities and not by us.
No. The Department of Registrar of Companies and Intellectual Property does not accept incorporation filings from the public — the filing must be made by a registered office provider or a Cyprus-admitted lawyer. Engaging a provider is therefore a requirement of local law rather than a shortcut past something you could do yourself. Expanship prepares and checks your file and instructs that provider to make the filing; the decision, and its timing, rest with the authority.
Yes, with one caveat. The law requires a registered office and a company secretary in Cyprus, both of which we provide, and nothing else has to be local. Where management and control sits determines tax residence, so a company run entirely from abroad may be resident elsewhere.
Yes. A Cyprus company banks in euro inside the eurozone, with payments across the single area settling as domestic transfers. Accounts are opened in Cyprus, the eurozone or the wider EU, or with a digital provider. We prepare the file and the bank decides.
Formation packages start from US$1,799, including the government fee, the first year of registered office and company secretary, and the company documents. The annual package starts from US$1,499 a year, and the audit and the tax return run alongside it with your auditors. Government fees are shown separately.
Contact Us
EU access, a holding structure, or the accounts and filings of an existing Cyprus company. Tell us the situation and a Cyprus advisor will reply.
