Complete formation fees at a glance
Cyprus company formation (Cyprus Limited)
|Free foreign language advice on legal and tax affairs||included|
|Check and reservation of company name with the Cyprus Registrar of Companies in Cyprus (EU)||included|
|Preparation of company articles and documentation for your Cyprus entity||included|
|Draft of Memorandum and Articles of Association and submission to the Registrar of Companies||included|
|Payment of registration fees to the Cyprus Registrar of Companies||included|
|Certification of company documents including English translation||included|
|Service manual including full original documentation of the Cyprus company||included|
|Documents ready to be collected from our office or sent by a courier||included|
Cyprus TAX Activation, VAT NO., Opening Balance, VAT Services
|Application for Tax and VAT number for your Cyprus company||included|
|Set-up of opening balance and VAT accounts||included|
Registered Office, Registered Agent, Support With Legal And TAX Advisory
|Appointment of registered office and registered agent||included|
|Free telephone and advisory services in different languages||included|
|Free legal and tax advice for your Cyprus company||included|
|Total formation fees (one-time charge)||2,650.00 Euro|
After the formation, the tax structure of your company will be set up. The bookkeeping is activated with VAT and a tax number. Thereafter, our team of internal experts will take care of all tax and legal responsibilities that arise in connection with your company.
Optional Services: Additional Bank Accounts
OPTION: ADDITIONAL BANK ACCOUNTS
International offshore commercial banks (SWIFT, VISA-MasterCard, online banking)
|VISA/MasterCard||Online Banking||Minimum deposit
|Price in USD|
|Global Bank of Commerce||USD 5,000
|Bank of Saint Lucia Int.||USD 5,000
|Bank of Cyprus||1000 EUR
|Astro Bank||400 EUR
|RCB Bank||500 EUR
Complete administration, bookkeeping, and accounting including attestation
Balance Sheet Accounting / VAT
|The monthly bookkeeping. Submission of the VAT returns to the tax authorities||included|
|Creation, review and consultation of the annual company balance sheet||included|
|Review and attestation of the balance sheet by our auditor||included|
|Submission of the annual balance sheet and applications, communication with financial authorities||included|
|Examination of the tax assessment and consultation with our clients||included|
Payroll Accounting And Social Insurance
|Completion of the ongoing payroll accounting||included|
|Disclosure of social insurance obligations, application for social insurance numbers||included|
TAX Consultancy And Other Services
|Tax consultancy (ongoing support), tax optimisation, international tax planning||included|
|Legal and tax advice for Cyprus, representation, lodging of appeals||included|
|including registered office, registered agent, nominee fees||included|
|Optional: Total fees for 12 months
including bookkeeping and accounting
Option: Merchant Account
A merchant account, among other things, will allow you to accept payment by credit card. Our partner in this field offers merchant account services for European businesses and offshore companies. We charge you a one-time service fee for our active support during the application process.
|Merchant Account||one-time charge||EUR 300.00|
We will discuss with you the advantages and disadvantages of a trusteeship solution, will detail relevant approaches upon request and will be right by your side during the entire process.
Summary of all fees
|Formation fees (one-time charge)||one-time charge||2,650.00 Euro|
|Annual administration fees for 12 full months||every 12 months||3,850.00 Euro|
|Total amount||6,500.00 Euro|
All fees are additionally subject to 19% VAT.
Due date of the formation fees and initial annual fees
The formation fees (one-time charge) of EUR 2,650.00 are due for payment at the time of order placement. The initial annual fees of EUR 3,850.00 are due once your company is enteredin the commercial registry of Nicosia, Cyprus. All fees are additionally subject to the statutory Cyprus VAT rate of 19%.
Due date of the annual fees subsequent to 12 months after formation
Twelve months after formation of the Cyprus company, the annual fees again come due for payment. These include all services in accordance with Item (2) and amount to EUR 3,850.00 plus 19% statutory VAT for each twelve-month period. You will automatically receive an annual bill of charges by mail.
Note: In principle, the incurred VAT can be recovered through submission by the Cyprus company of an application for a “VAT refund”.
The yearly “Annual Levy” has been imposed by the Republic of Cyprus since 2011 and amounts to a general charge EUR 350.00 for each company. Due date for payment: June 30 of each year (not included in Item (2)).
Contact & Consultation
Do you have questions about our fees?
We are here for you. Privacy Management Group received a renewed ISO 9001:2008 certification by TUV NORD in May 2016 and is also licenced by the Institute of Certified Public Accountants of Cyprus (ICPAC) ( view certificate).
We look forward to meeting you.