A properly built Cyprus company, supported by integrated legal, tax, and accounting services, designed to protect margins and support long-term growth.
Correct setup from day one to avoid restructuring later
Senior legal and corporate oversight, not automated filings
Fully remote process with clear documentation requirements
Seamless transition into accounting, tax, and governance
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Substance-ready structures that withstand tax authority scrutiny
Single point of responsibility across legal, tax, and corporate matters
Predictable costs with no hidden steps or downstream surprises
We clarify the company’s activities, ownership structure, and main goals.
You provide identification , proof of address, and basic company details.
We submit your preferred company name (plus alternatives) to the Registrar of Companies.
We prepare the Memorandum & Articles of Association - shareholders review and sign.
Application and obtain the company number and core certificates: Certificate of Incorporation, Directors & Secretary, Registered Office, and Shareholders.
Set up portals and IDs, register VAT/VIES and employer, and assist with banking.
Cyprus offers a low and transparent corporate tax rate of 15%, with no hidden conditions, artificial schemes, or complex structures required.
Foreign individuals are entitled to receive dividends free from tax in Cyprus, making it highly efficient for profit distribution.
A wide range of legitimate business expenses are deductible, reducing taxable profits and overall tax exposure.
Foreign individuals working in Cyprus benefit from a 50% income tax exemption on employment income for a significant period.
0% withholding tax on dividends, interest, and royalties paid to non-residents, allowing efficient international fund flows.
Strong corporate veil protection ensures no personal liability for shareholders, with legally recognised nominee services providing additional privacy.
Cyprus offers some of the lowest company formation and annual maintenance costs globally.
Companies can be incorporated and managed remotely with straightforward documentation and efficient procedures.
Up to 80% exemption on qualifying intellectual property profits, resulting in a very low effective tax rate.
For New Companies Without an Existing Entity
A simple and efficient way to launch an EU based business with low costs and full remote setup.
1) Passport of the shareholder
2) Proof of residential address
3) A digital signature
Fast, easy and fully remote.
For shares, IP, real estate, group structures
1) Passport of the shareholder
2) Proof of residential address
3) A digital signature
Fast, easy and fully remote.
For foreign businesses moving management to Cyprus.
1) Passport of the shareholder
2) Proof of residential address
3) A digital signature
Fast, easy and fully remote.
Typically 5 to 10 working days once the name is approved and documents are in order.
A private company limited by shares. One shareholder is enough, there is no minimum share capital, and liability is limited to unpaid share capital.
Every company must have at least one director and a secretary. A director does not need to be local. However, appointing non local officers may raise questions about where effective management and control are exercised, which can significantly affect the company’s tax residency and liabilities.
Within 60 days register with the Tax Department for a tax number. Register for VAT if taxable supplies exceed the threshold. Register as an employer with Social Insurance before hiring. Within 90 days update the UBO registry, in order to do that a verified GOV.cy account is required.
Investment services require CySEC authorization. Crypto asset service providers must register and transition to MiCA. Payment and e money services are licensed by the Central Bank.
You can be a Cyprus tax resident in a calendar year if all of these apply. You spend at least 60 days in Cyprus in that year. You are not tax resident in any other country and you do not reside in any single other country for more than 183 days. You carry on a business and or are employed in Cyprus and or hold an office in a Cyprus tax resident company, and this is not terminated before year end. You maintain a permanent home in Cyprus, owned or rented.
All Cyprus companies are required to prepare audited financial statements and file an annual return each year through licensed auditors. We handle this for you.
Keep UBO information current and complete the annual confirmation window. Public access is restricted. Non compliance risks penalties and possible strike off.
Beneficial owners must be registered in the UBO system and disclosed to banks and other obliged entities. A beneficial owner is any natural person who holds 25 percent or more of the company’s shares. Nominee shareholders can keep the UBO’s identity out of public view, but it must still be disclosed to the authorities and obliged entities.
Banks apply strict AML and KYC. Depending on activity, Electronic Money Institutions can offer payment accounts.
Yes. There are no nationality restrictions for shareholders.
Only in exceptional cases such as sham structures to evade existing obligations or where statute provides. Poor governance alone is not enough.
Cyprus allows deductions for expenses incurred wholly and exclusively for generating taxable income, provided they are properly documented. Typical deductible items include staff costs, office rent, utilities, professional and audit fees, marketing, travel for business, bad debt write offs when conditions are met, interest subject to rules, and tax depreciation via capital allowances on assets like plant, equipment, computers and commercial buildings.
A Tax Residence Certificate is official proof that you are tax resident in Cyprus for a specific year. Foreign tax authorities and payers rely on it to apply double tax treaty benefits and to avoid double taxation
Discover the main advantages of setting up a company in Cyprus with Trustank Corporate Services. Low taxes, EU access, and strong business credibility.
Learn the full company setup process in Cyprus with Trustank Corporate Services. Fast, compliant, and cost-effective business formation solutions.
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HARD LEARNED INSIGHT
Company registration is where amateurs save money and professionals avoid risk.
Grigoris Aivazidis
Founder, Trustank Corporate Services Ltd