Privacy Management Group in Cyprus provides the expertise of a team of European specialists for over ten years. Our professionals know from their own long experience in which areas you need active support and guidance. Based on the understanding and knowledge of more than three decades as management consultants, tax advisors and lawyers, and further specialised expertise of our professional team, the following service programme has been developed for you.
From the word go in the planning phase, you can rely on our expertise and benefit from the following services:
- Free of charge introductory expert advice
- Get your questions in the planning phase answered via live chat
- Introductory & expert in-house specialist advice free of charge
In addition, we are available to answer any questions you may have about education, real estate, living in Cyprus, health and social care etc.
PMG’s legal team is familiar with European and Cypriot law, and the head of the legal department has been a member of the Cyprus Bar Association for over 30 years. Many of our tax advisors, accountants and management consultants have been with us for over 10 years. Privacy Management Group provides all services under one roof. The formation costs for setting up a company are a one-time, flat-rate EUR 2,850.00, excluding VAT.
Complimentary legal and tax advice | YES |
Complimentary name check at the Registrar of Companies | YES |
Preparation of all necessary incorporation documents | YES |
Preparation of the memorandum and articles of association | YES |
All fees paid | YES |
Incorporation documents | YES |
A to Z directory incl. complete original documentation | YES |
Courier delivery or collection from our business centre | YES |
Complimentary business account opening in Cyprus | YES |
Complimentary personal account opening in Cyprus | YES |
Complimentary advice – worldwide bank account opening** | YES |
Complimentary provision of registered office and Company Secretary | YES |
Upon request provision of nominees | YES |
Obtaining corporate and individuals tax number | YES |
Obtaining Value Added Tax number (VAT) | YES |
Opening balance sheet upon request | YES |
Continuous bookkeeping and income tax accounts | YES |
Monthly profit and loss sheet | YES |
Provision of employment contracts | YES |
Monthly payroll preparation | YES |
Obtaining social insurance number(s) | YES |
Ongoing legal and tax advice for the Republic of Cyprus | YES |
Assistance to find suitable premises for your business | YES |
Review of rental & purchase offers and contracts through our in-house experts | YES |
Lease contract and tenancy review | YES |
Support to obtain telephone and internet accounts | YES |
We walk to extra mile for our clients | YES |
Cyprus corporate law allows combining personal residence and company premises.
The incorporation of a company in Cyprus takes approximately 10 working days.
Once your company is active, tax and VAT numbers are in place, your personal accountant will contact you.
All services from one source! Our company employs only legal advisors, tax advisors and accountants with many years of experience, who will be happy to assist you or your company at any time. It goes without saying that our company has the ICPAC certification required in Cyprus. The following services are included in the annual fees, which are due every 12 months:
Tax advice for your company | YES |
Complimentary client support by email, telephone or in person at our offices | YES |
Monthly payroll services free of charge for our clients | YES |
Quarterly VAT reporting | YES |
Ongoing bookkeeping | YES |
Preparation of audit | YES |
Review and obtaining client’s approval | YES |
Submission of audit preparation to auditors | YES |
Submission of IR4 (COMPANY’S TAX RETURN) to Cyprus tax authorities | YES |
Registered office in Cyprus free of charge | YES |
Company secretary free of charge | YES |
Nominee services (if requested) | YES |
General Power of Attorney in case of nominee services | YES |
Immigration service | YES |
Obtaining Non-Domiciliation Status | YES |
Relocation Services incl. advice on international schools in Cyprus | YES |
twelve months
Summary of total fees | ||
---|---|---|
Formation fees in Cyprus | EUR 2,850.00 | |
Company without activities | per 12 months | EUR 1,750.00 |
TOTAL COST | EUR 4,400.00* |
The incorporation fee (one-off payment) of EUR 2,850 is due upon acceptance of a new client, accompanied by the chosen first annual fees. All fees are exclusive of VAT, which is 19% in Cyprus.
The annual fees will be due twelve months after the registration of your company in Cyprus. These are inclusive of all services according to the package of your choice. You will automatically receive an invoice, sent by email.
Note: A Cyprus VAT registered company has the right, under certain conditions, to claim refundable VAT.
*exclusive of 19% VAT
**upon request