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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

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Bank account

Possibility to open a bank account in Cyprus without personal presence

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0% on dividends

Dividends received from subsidiaries are not taxed

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No need to pay twice

Cyprus has double taxation treaties with more than 40 countries

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IP box regime

There are tax benefits for income from intellectual property

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Company image

Respectable European company. Suitable for business with clients from other EU countries

Recognition

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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 11/30/2024

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.

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Artem Dolotov

March 2021

Reviews

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