Cyprus LimitedCyprus Limited
Complete Incorporation
and Annual Fees Included in the
Full-Service-Package
CONSULATION DURING THE PREPARATION PHASE
From the word go in the planning phase, you can rely on our expertise and benefit from the following servicesn:
Free of charge introductory consultation in our office, by telephone or via Skype; |
Free of charge utilisation of our Live-Chat for any queries during the planning phase; |
Free of charge consultation provided by our in-house lawyers, tax advisors and specialists. |
Formation fees with the Full-Service-Package:
EUR 2,850.00*
One-off fees
Company Formation in Cyprus – Without Hidden Costs!
Our law firm has been a member of the Cyprus Bar Association for over 30 years and our tax advisors are in-house employees of Privacy Management Group. Privacy Management Group therefore provides all services under one roof and without the use of agents.
Our Full-Service-Package Includes
Complimentary tax consultation in your language | YES |
Name check at the Registrar of Companies in Cyprus (EU) | YES |
Preparation of all necessary incorporation documents | YES |
Preparation of the memorandum and articles of association | YES |
All fees, due at the Registrar, paid | YES |
Certification of Incorporation documents | YES |
Service handbook incl. complete original documentation | YES |
Courier delivery or collection from our business centre | YES |
Bank Accounts
Complimentary business account opening in Cyprus | YES |
Complimentary personal account opening in Cyprus | YES |
Complimentary advice – worldwide bank account opening | YES |
Registered Office and More
Complimentary provision of registered office and Company Secretary | YES |
Upon request provision of nominees | YES |
Legal and Tax Advice
Obtaining tax number for your company | YES |
Obtaining Value Added Tax number (VAT) | YES |
Opening balance sheet of your company in Cyprus | YES |
Continuous bookkeeping and income tax accounts | YES |
Provision of employment contracts | YES |
Monthly payroll preparation | YES |
Obtaining social insurance number(s) | YES |
Ongoing legal and tax advice for your Cyprus company | YES |
Service for your business premises in Cyprus
Assistance to find suitable premises for your business | YES |
Review of rental & purchase offers and contracts through our in-house experts | YES |
Support to obtain telephone and internet accounts | YES |
The monthly rental cost of a simple 1-room office starts at EUR 200.00 | business premises info |
The formation of your company in Cyprus takes around 10 working days. After incorporation, tax liability of your company comes into effect. With the VAT and tax numbers, the company accounts are activated.
Annual Fees – Full-Service-Package:
Tax Advice, ongoing Bookkeeping and Accounting
From EUR 1,850.00*
due annually after incorporation
Price after
agreement
agreement
Tax Advice Including Bookkeeping, Accounting and Audit
The annual fees for the Full-Service-Package
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 Including Bookkeeping, Accounting and Audit
Tax advice for your company | YES |
Ongoing complimentary client support by email, telephone or in person at our offices | YES |
Monthly payroll services and registration at the Social Security Office | YES |
Ongoing VAT reporting | YES |
Submission of the VAT report to the respective Tax Office | YES |
Ongoing bookkeeping | YES |
Preparation of the annual balance sheet | YES |
Audit review and advice | YES |
Submission of report to our auditors, including review and approval | YES |
Submission of IR4 (COMPANY TAX RETURN) to Cyprus tax authorities | YES |
Representation at the Cyprus Tax Office | YES |
Debrief meeting | YES |
Filing of appeals as well as representation, if required | YES |
Administration and Other Services
Registered office in Cyprus free of charge | YES |
Company Secretary free of charge | YES |
Nominee service (if required), Power of Attorney | YES |
On site advisory and support in your language | YES |
Annual Fees and Transactions
The annual fee for our complete package includes all the above-mentioned services, including timely, unlimited and personal tax advice, VAT and bookkeeping, annual financial statements, balance sheets and audits.
The cost of the annual fee for the Full-Service-Package depends on the amount of actual transactions within 12 months:
twelve months
Complete transparency at all times! The annual fee for your Full-Service-Package depends on the actual transactions incurred within 12 months. Therefore, the annual for your package may increase or decrease within this timeframe.
SUMMARY OF ALL COSTS | ||
---|---|---|
Company Formation in Cyprus | One-off | EUR 2,850.00 |
Tax advice, ongoing bookkeeping Accounting and audit (Complete package with over 1,000 transactions) |
Annually | EUR 1,850.00 on request |
TOTAL | EUR 4,700.00* Contact us |
*exclusive of 19% VAT
Note: A Cyprus VAT registered company has the right, under certain conditions, to claim refundable VAT.
Annual Levy
The ‘Annual Levy’, applicable in Cyprus since 2011, affects every company in Cyprus and comes to a flat rate of EUR 350.00. The deadline for this fee is due every year on 30th June (not included in the package).
(The Annual Levy and the annual Professional Tax for the respective municipality are not included in the annual fees)