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Cyprus is an ideal jurisdiction for IT business and tax optimization in the EU
Company registration and support in Cyprus
11
years’ experience
1000+
companies registered
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Corporate tax 12.5% — one of the lowest rates in Europe
Low tax rates
Bank account
Possibility to open a bank account in Cyprus without personal presence
0% on dividends
Dividends received from subsidiaries are not taxed
No need to pay twice
Cyprus has double taxation treaties with more than 40 countries
IP box regime
There are tax benefits for income from intellectual property
Company image
Respectable European company. Suitable for business with clients from other EU countries
Recognition
Stages of company registration
Company registration
You only need to provide the necessary documents according to the list. Icon.Partners takes over the rest of the work
Consultation
Find out if Cyprus is suitable for your business, what taxes arise, how to receive and withdraw money from a foreign company
Annual renewal of the company
For continuous activity, the company annually submits financial statements, pays for legal address services and state duties
Bank account opening
We support the opening of accounts in classic banks or in FinTech companies. The bank is more reliable, but the opening procedure is longer, FinTech — fast, but less guarantees
Cost of the company in Cyprus
Name of the service
Start
Business🔥
Pro
Company registration, including state duty
✅
✅
✅
Legal address for 1 year
✅
✅
✅
Share certificate
✅
✅
✅
Registration and submission of information to the UBO register
✅
✅
✅
Company secretary for 1 year
❌
✅
✅
Nominee director for 1 year
❌
✅
✅
Tax number
❌
✅
✅
Corporate account
❌
✅
✅
Free signing of documents by the nominal director
❌
✅
✅
Corporate (investment) agreement
❌
❌
✅
Investment attraction support
❌
❌
✅
VAT number
❌
❌
✅
EU VAT consultation and taxation in Cyprus
❌
❌
✅
Total cost
2760 EUR
2090 EUR
6068 EUR
4349 EUR
9135 EUR
6390 EUR
Annual maintenance (paid from the second year)
1690 EUR
2690 EUR
2690 EUR
Cost of preparing the
annual report and audit
from 1499 EUR
from 1499 EUR
from 1499 EUR
*The offer is valid until 12/31/2024
Other services
Tax compliance and planning
Checking the correctness of calculation and payment of taxes, in particular VAT, GST, Sales Tax. Application of IP BOX regime
Accounting and reporting
Making official payments, monitoring of compliance with deadlines for submitting financial reports and tax returns
Construction of financial logistics
Receiving and sending payments; payment of dividends, royalties, interest on profits; investment registration; organization of mass payouts
Formalization of relations with employees, contractors and clients
Development of contracts with IE, remote or office employees, NDA, NCA, commercial information protection
Protection of intellectual property
Development and implementation of procedures for the transfer of intellectual property rights
GDPR and CCPA Compliance
Audit of business and IT infrastructure in terms of personal data protection, development and implementation of Privacy Policy, Cookie Policy
Have been working with Viacheslav and his team for 5+ years on a couple of projects. They helped me set up a proper company and cash flow structure for my business. Provided consultancy on legal and taxation issues. After all they helped me with opening my companies in 2 different jurisdictions, guided though opening bank accounts in several banks and prepared MSA templates for the specifics of our IT Services business. Viacheslav, thanks for all the help, I will keep working with your team, and recommend others to give it a try.
Oleksiy Rak
Jan 2021
Viacheslav is one of the best lawyers I have worked with. We received comprehensive business advice to reach our goals and to overcome business challenges – from business planning to turnaround management. He assisted us with registering our business and its maintenance, opening a corporate account, and tax consulting, as well. His team quickly got into the intricacies of our company.
Artem Dolotov
March 2021
Reviews
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