Frequently Asked Questions

The requirements for incorporating a company include choosing a name for the company, providing a local address, and supplying passport copies for Shareholders, Directors, and the Secretary. Upon approval of the company name, we submit the articles of association prepared by us to the Registrar of Companies. Approximately 3 weeks later, the company registration will be complete.

A Cyprus company must have a Cyprus address. If you don’t have one, you can use our address service to get started. This address offers multiple benefits. You can find out more here.

Our price is a bundle price and includes not only the company incorporation service but also all necessary registrations and additional services such as:

1. English articles of association
2. Company VAT registration
3. Company TAX registration
4. UBO directory registration
5. Company stamp

The cost of the bundle above is €2000 + VAT. We have additional bundles that include personal registrations as well. To book an initial consultation click here.

To incorporate a company it typically takes 3-4 weeks to complete the process.

While it is possible to incorporate a company on your own, it is required to use a lawyer to draft the articles of the company and sign for the RoC. Using a provider that can seamlessly coordinate and complete the registration process for you is faster and more cost-effective.

After incorporating a company, there are ongoing responsibilities that must be met, such as filing annual reports, holding regular meetings of the board of directors or members, and maintaining accurate financial records. All of the above can be provided by an accountant and an auditor.

Upon completion of the incorporation, we can introduce you to a reputable accountant and auditor.

The requirements for obtaining a Cyprus residency permit vary depending on the individual’s nationality and the purpose of their stay in Cyprus.

Generally, European citizen applicants must provide proof of sufficient financial resources, proof of address in Cyprus, and valid health insurance.

Non-European citizen applicants must additionally provide a clean criminal record, health certificate, and a local bank statement with certain deposit amounts and a bank guarantee.

The fees for Cyprus Immigration Services vary depending on the type of service and the complexity of the case. It is recommended to contact us for a personalized quote.

The processing time for Cyprus visa or citizenship applications varies depending on the type of application and the complexity of the case. Generally, it can take several weeks to 3 months to receive an appointment. Once you attend the immigration appointment, if you are an EU citizen, you get the residency (Yellow slip) the same day. If you are a non-EU citizen, you get the residency card (pink slip) approximately 3 months later.

Yes, absolutely. However, as it is a complex process, in most cases first-time applicants fail without professional guidance.

The Cyprus digital nomad visa is a temporary visa that allows you to live in Cyprus and work remotely for any foreign employer registered outside Cyprus.

To qualify for a Cyprus digital nomad visa, you must fulfill the following requirements:

• You are a non-EU/EEA citizen.
• You work for an employer registered outside Cyprus.
• You will work online.
• You have a monthly income of at least €3,500 net salary.

The above are the basic requirements. More documents will be required depending on your employment status.

Yes, you can. However, we have not encountered a single case where it was done correctly. Also, paying for a professional to do the accounting will allow you more time to focus on your business, grow your income, and have more personal time.

The cost of hiring a Cyprus accountant varies depending on the type of services required and the complexity of the case. As a general guidance, costs start for accounting and auditing from €2,000 and go upwards depending on company transactions. It is recommended to get a personalized quote.

The benefits of hiring a Cyprus accountant include ensuring compliance with tax laws, saving time and money by managing finances more effectively, providing strategic financial planning and advice, and minimizing the risk of financial errors or fraud.

As part of our service, we can introduce you to a reputable accounting provider that is suitable for your company requirements.

There are several legal services that you may need in Cyprus, depending on your personal or business circumstances. These include:

1. Corporate law: Cyprus lawyers can provide legal advice and guidance on various aspects of corporate law, including mergers and acquisitions, corporate governance, and compliance.

2. Employment law: Cyprus lawyers can provide guidance on employment law, including drafting employment contracts, navigating dismissal and disciplinary procedures, and complying with employment-related regulations.

3. Real estate law: If you are buying or selling property in Cyprus, you will need legal assistance with real estate law, which involves drafting and reviewing contracts, conducting due diligence, and ensuring compliance with relevant regulations.

4. Litigation and dispute resolution: In the event of a legal dispute, Cyprus lawyers can provide legal representation and guidance on litigation and dispute resolution.

Overall, there are various legal services that you may need in Cyprus, depending on your personal or business circumstances.

Hiring a Cyprus lawyer for your company can provide numerous benefits, including:

1. Legal expertise: Cyprus lawyers have in-depth knowledge and understanding of local laws and regulations, which can help ensure that your company complies with all legal requirements.

2. Risk management: A Cyprus lawyer can help identify and manage legal risks that your company may face, including potential litigation and regulatory compliance issues.

3. Contract review and drafting: Lawyers can review and draft contracts and agreements to protect your company’s interests and ensure that all legal requirements are met.

4. Dispute resolution: In the event of a legal dispute, a lawyer can provide legal representation and help negotiate a settlement or pursue legal action if necessary.

5. Intellectual property protection: A Cyprus lawyer can help protect your company’s intellectual property, including trademarks, patents, and copyrights, and assist with licensing and infringement issues.

6. Business advice: Lawyers can provide strategic advice on a range of business issues, including mergers and acquisitions, corporate governance, and financing.

Overall, hiring a Cyprus lawyer can provide your company with valuable legal guidance and support, helping to ensure that your business operates legally and effectively in Cyprus.

As part of our service, we can introduce you to a reputable accounting provider that is suitable for your company requirements.

The best places to live in Cyprus depend on personal preferences, but popular areas include the coastal towns of Paphos, Limassol, and Larnaca, as well as the capital city of Nicosia. Generally, the most popular for a relaxed lifestyle is Paphos, and for city vibes is Limassol.

Cyprus has a Mediterranean climate with hot, dry summers and mild, rainy winters. The average temperature in the summer months is around 34°C, while the average temperature in the winter months is around 15°C.

Cyprus has two official languages, Greek and Turkish. However, English is also widely spoken and understood, particularly in tourist areas and among expatriates. In addition, there are sizable Russian and German-speaking communities in certain areas of the island.