Last updated on April 22nd, 2025 at 08:41 am
Cyprus Company Formation – Full Cost and Fee Breakdown
The cost of registering a Cyprus company is the first question most clients ask. In this guide, we explain the various fees involved and what to look out for when choosing a provider.
Whether you’re comparing law firms or corporate service providers, understanding the total cost is essential to avoid hidden fees and poor after-sale support.
💼 Types of Fees to Consider
There are 4 main categories of costs when forming and maintaining a Cyprus company:
- Company Registration (Set-up) Fee
- Annual Maintenance Fees
- Accounting & Auditing Fees
- Annual Government Filing Fees
1. Company Registration (Set-up) Fee
This is a one-time cost to form the company. Prices vary depending on the provider:
- Small law firms or providers: €1200–€3000
- Large law firms: often €4000+
Be careful with ultra-low offers (e.g. €500): These often exclude essential documents, leading to unexpected charges later.
Checklist:
- Ask what’s included (e.g. M&A, share certificates, statutory forms).
- Check whether post-formation support is provided.
2. Annual Maintenance Fees
A Cyprus company must have a:
- Registered Office in Cyprus
- Secretary
- Nominee Shareholders (if required)
- Nominee Directors (if required)
Nominee services are used to protect client confidentiality. Learn more about client anonymity here.
For example, companies formed by our firm, Christophi & Associates LLC, use our address at: 20, Spyrou Kyprianou Avenue, CHAPO CENTRAL, 2nd Floor, Office 201, 1075 Nicosia, Cyprus.
3. Accounting & Auditing Fees
These depend on:
- Monthly/yearly transaction volume
- Whether you’re using a boutique firm or a Big Four firm
All Cyprus companies must:
- Register with the Inland Revenue Department
- Maintain audited accounts annually
- File VAT returns quarterly (if VAT-registered)
Typical cost range: €1200+ VAT per year (may vary by complexity).
4. Government-Related Annual Filing Fees
4.1 Annual Return
The Annual Return (HE32 form) must be filed each year and reflects changes in directors, shareholders, etc.
- Stamp duty: approx. €100
- Legal/accounting fee: varies
More on the Annual Return process and deadlines
4.2 Abolished: Special Government Levy
Until 2023, a €350 government levy applied. This fee was abolished in March 2024.
Other Optional Fees
- Bank account opening
- Powers of attorney
- Legal opinions or certifications
These should be quoted and agreed separately.
📩 Need a Precise Quote?
Email us for a transparent quote tailored to your needs
Or read our Setup & Management section for more insights.
