Company Setup Process in Cyprus

Starting a business in Cyprus is a strategic move for entrepreneurs seeking a stable EU jurisdiction, favorable tax regime, and international credibility. Understanding the company setup process in Cyprus is essential for compliance and efficiency. At Trustank Corporate Services, we make this process straightforward, transparent, and tailored to each client’s business goals.

Step 1: Choosing the Right Company Structure

The most common structure in Cyprus is the Private Limited Liability Company (Ltd). It offers limited liability to shareholders and flexibility in ownership and management. Other structures include partnerships, branches, and public companies. Our experts help you select the most suitable option depending on your business activity, target market, and residency status.

Step 2: Company Name Approval

Every new company must have a unique name approved by the Cyprus Registrar of Companies. The proposed name must not be identical or too similar to an existing company. Trustank handles the application and communication with the Registrar to secure your company name quickly.

Step 3: Drafting the Incorporation Documents

The next step is preparing the Memorandum and Articles of Association, defining the company’s activities, governance, and share structure. As a Licensed ASP regulated by the Cyprus Bar Association, Trustank ensures all legal documents meet the requirements of the Companies Law, Cap.113.

Step 4: Submission to the Registrar of Companies

Once all documents are prepared and signed, they are submitted electronically to the Registrar for incorporation. This process usually takes between 5 to 10 working days. After approval, the company receives its Certificate of Incorporation, confirming its legal existence.

Step 5: Tax and VAT Registration

Following incorporation, the company must obtain a Tax Identification Number (T.I.C.) and, if applicable, register for VAT with the Cyprus Tax Department. Cyprus has one of the lowest corporate tax rates in the EU, at 12.5%, making it highly attractive for international businesses.

Step 6: Opening a Corporate Bank Account

A Cyprus company must have a dedicated corporate bank account for its transactions. Trustank assists in selecting a suitable local or international bank, preparing the required documentation, and managing compliance checks efficiently.

Step 7: Maintaining Compliance and Substance

After setup, maintaining proper accounting records, annual returns, and statutory filings is mandatory. Trustank offers ongoing corporate administration, accounting, and nominee services to ensure your company remains fully compliant and operational in Cyprus.

Why Choose Trustank Corporate Services

Our firm combines legal precision with corporate efficiency. As a Licensed Administrative Service Provider, we deliver end-to-end solutions  from incorporation to substance maintenance  backed by legal expertise and professional confidentiality.

Start Your Company Setup Process in Cyprus Today

Whether you are a startup, investor, or established business, Trustank Corporate Services ensures your company setup process in Cyprus is fast, compliant, and seamless. Contact us today to begin your incorporation with confidence.