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Company Incorporation/ Formation Process

The process of registering a company in Cyprus is simple and fast.

You can start operating in approximately 5-7 business days.

Before incorporating your company you must first decide the following

Incorporating a Company

Choosing a Company name

Before proceeding with the incorporation of your company, you must first decide upon the proposed name for your company, which will have to be approved by the Registrar of Companies.

Applying to incorporate a Company

Once your proposed name has been approved and provided that you have taken the relevant decisions regarding the establishment of your company, you may proceed with the submission of the application for the company’s incorporation.

After  incorporating the Company.

Obtain a Tax Identification Number (TIN) from the Cyprus Tax Department. This number is required for all tax-related transactions in Cyprus.

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Obtain a Value-Added Tax (VAT) number from the Cyprus Tax Department. VAT is a consumption tax on the value added to nearly all goods and services bought and sold in and into the European Union.

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Register with the Social Insurance Department if the company is planning to employ staff in Cyprus.

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Open a Bank Account: The final step is to open a bank account in Cyprus. This will enable you to carry out business transactions and pay taxes.

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