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Many company formation agents in Cyprus can help you form your business. However, finding a company that helps you navigate the challenges of registering a business is more challenging. This article will show you things to look out for when choosing the right company formation agent in Cyprus and how to choose one for your needs.
Are our company formation agents regulated in Cyprus?
In Cyprus, all company formation agents are regulated. The Cyprus Companies and Businesses Registration Office (CBRO) is the regulator of this industry. CBRO is a government agency that regulates all businesses in Cyprus, including company formation agents.
The CBRO has its website where you can find information about registering a company in Cyprus on their website above.
Can I register the company myself?
You can register a company yourself. However, it is not recommended for the following reasons:
You will need to understand the law and process to do so effectively. It may be complicated and time-consuming for you and your legal representatives. If you need more time or knowledge on this subject matter, hiring specialists will save money in the long run by taking away some of your extra workload while providing expert advice throughout the entire process. The fee charged by an experienced business formation agent is much cheaper than what would be incurred if one were not present during this type of transaction (think about how much less paperwork would be required).
Why use a company formation agent
- Company formation agents are regulated.
- They have experience in helping people form companies and other legal entities.
- It can help avoid mistakes, such as not doing enough to protect your business from risks such as employee fraud or theft or not understanding the implications of various laws on your company’s activities (for example, if you plan to sell shares).
- It also helps you with accounting and tax issues which could be problematic if they were left alone without professional advice.
The company will be responsible for all taxes, so you don’t need to worry about that. However, the company’s income will be taxed on your behalf. Your business’s profits will be taxed as personal income in most countries.
The average cost to set up a company in Cyprus
The cost to set up a company is based on the business you want to start.
The cost of registering a business in Cyprus is relatively low compared to other countries. The total cost will range between €1,500 and €2,000 for registration and incorporation fees. There may also be additional costs associated with registration and incorporation fees. For instance, if you plan to trade internationally or hire employees, you’ll need to apply for a V.A.T. number and register for social security contributions.
10 Best company formation agents in Cyprus
Cyprus is an attractive destination for companies looking to establish a base in the E.U., and Cyprus offers several benefits compared to countries like the U.K. and Ireland. Cyprus is part of the E.U., with lower taxes and minimal regulation than other European countries. In addition, as a member state of NATO since 1956, Cyprus enjoys friendly relations with Russia and Israel.
#1. Privacy Management Group Ltd
Address: 61-63 Lord-Byron-Street, Larnaca 6023, Cyprus
Contact: +357 22 028266
Services:
- Company formation services,
- Virtual Bank accounts,
- Tax planning
Price Range: $5880
Privacy Management Group Ltd is a company formation agent in Cyprus and has been in business since 2009. The team at Privacy Management Group Ltd has helped more than 1,000 companies to form their legal entity by providing them with all the necessary support and guidance throughout their entire process. Privacy Management Group Ltd uses several different methods when working with clients, including:
- Submitting your application online via the online portal – this enables you to upload documents electronically with no requirement for physical copies to be sent out or stored by us;
- Providing access to advice from an experienced advisor who can provide expert advice on all aspects relating directly to setting up your business;
- Providing hands-on assistance during the process so that there are fewer errors made along the way due as a result!
#2. Focus Business Services (Cyprus) Ltd
Address: 3 Diomedous Street, Strovolos 2nd Floor, BIONIC Building Nicosia, 2024, Cyprus
Contact: +357 22 456363
Services:
- Bank Account Opening,
- Company incorporation,
- Virtual office, and more
Price Range: $99 – $2566
Focus Business Services (Cyprus) Ltd is a Cyprus-based company formation agent that provides services for forming companies in Cyprus. Focus Business Services (Cyprus) Ltd is a member of the International Company Formation Agents Association (ICFA).
Focus Business Services (Cyprus) Ltd provides its clients with all the necessary documents to start their own business in Cyprus or elsewhere in Europe. The company also offers complete guidance on registering your business name, obtaining bank accounts, and applying for tax breaks on your income from your new enterprise.
#3. Cyprus Company Registration
Address: Λεωφ. Αρχιεπισκόπου Μακαρίου Γ’ 42E, Nicosia, Cyprus
Contact: +357 22 321056
Services:
- Company Registration,
- Business administration,
- Tax planning,
- Protection services,
- Virtual office, and more
Price Range: $4209
If you are looking for a company formation agent in Cyprus, you can consider three of the best agents. These companies offer their services to all individuals who need to register their businesses and companies. The following list includes some of the most reputable companies:
- Cyprus Company Registration – Offshore Srvs
- Fidesta Ltd – E.R. Team Global Consultants
- McMillan Woods Cyprus Ltd
- M.S.P. Business Coaching & More Ltd
#4. Offshore Srvs
Address: 12 Agias Christinis, Germasogeia 4044, Cyprus
Contact: +357 25 103904
Services: Company formation, Business management services, Bank account opening, and more
Price Range: $262 – $5066
Offshore Srv is a company formation agent in Cyprus. They have been in business since 2011 and offer a wide range of services to their clients. They aim to ensure you get the best possible results from your investment with them!
They offer 100% success rates when it comes to their work, so if you want someone who can help you start your own company or create an L.L.C. company, this is what you’re looking for!
#5. Fidesta Ltd
Address: 77, Strovolou, Strovolos Business Center 4th floor, office 401, Strovolos 2018, Cyprus
Contact: +357 22 818018
Services: Company formation, Protection services, Virtual office, etc
Price Range: $2500
Fidesta Ltd is a Cyprus-based company formation agent. It has been in business since 2002 and has a good reputation among its clients, who praise Fidesta’s services for being professional and efficient.
Fidesta is one of Cyprus’s most famous company formation agents because it offers low fees and fast turnaround times, making it easy to quickly get your business off the ground.
The firm takes pride in its commitment to providing quality service at an affordable price point—and with over 10 years of experience behind them, they know what they’re doing!
#6. E.R. Team Global Consultants
Address: 36 Aigyptou Avenue, Larnaca 6030, Cyprus
Contact: +357 24 656406
Services: Business Consultants, Bank account opening, and more
Price Range: $200 – $3400
The team at E.R. Team Global Consultantsise is a one-stop shop for all your company formation needs in Cyprus. They offer company registration agents, company formation agents,s and more!
If you’re looking for an atop-notch agent for your business in Cyprus, look no further than this firm, as they have been helping businesses since 1997 with their services. They have an impressive portfolio of clients ranging from sole traders to large corporations who have used them repeatedly when setting up their own companies in Cyprus. The E.R. Team Global Consultantsbelievese that every client should receive the best possible service. Hence, they ensure every client gets exactly what they need without any issues occurring during the process, which can cause delays later on down the line when things get tricky due to lack of knowledge about how things work behind closed doors.”
#7. McMillan Woods Cyprus Ltd
Address: 200 Archiepiskopou Makariou III Avenue 1st Floor, Office 102 Lakatamia, 2311, Cyprus
Contact: +357 22 276000
Services: Dutch corporate services, Company incorporation, company formation, Offshore, etc
Price Range: $2,000
McMillan Woods Cyprus Ltd is a company formation agent in Cyprus that can assist you with setting up your business and giving it the required legal structure.
It is the best option if you are looking for an easy way to set up a new company. It will help ensure that all of your concerns are addressed before taking action on your behalf.
#8. Emmeric Consultants
Address:
Contact:
Services:
Price Range:
Emmeric Consultants is a company formation agent in Cyprus. They have been in business since 2002 and are based in Nicosia. Their team of lawyers, accountants, and financial experts has helped more than 40,000 clients to start their businesses or become self-employed.
#9. M.S.P. Business Coaching & More Ltd
Address: Perikleous 63, Strovolos 2040, Cyprus
Contact: +357 22 253485
Services: Company formation, Corporate Governance, Accounting Compliance Issues, and more
Price Range: $1,000 – $3300
MSP Business Coaching & More Ltd is Cyprus’s leading company formation agent. It provides services for company incorporation in Cyprus and has been operating since 2008. The company has been working with clients from all over Europe and some Asian countries like Japan, Hong Kong, and China.
M.S.P. Business Coaching & More Ltd offers its clients one-stop solutions that include legal advice and assistance with all matters related to their business activities, including:
- Corporate governance (e.g., board of directors)
- Accounting compliance issues (e.g., filing tax returns)
#10. K.P.S. Services Ltd
Address:
Contact:
Services: Business consultants, Virtual office services, Company formation, Offshore, Business Administration, Tax planning, and more
Price Range:
K.P.S. Services Ltd is a company formation agent in Cyprus that can help you set up a company in Cyprus and register it with the Cyprus tax authorities, social security department, registrar’s office, and other relevant authorities.
They have offices in Limassol, Nicosia, and Larnaca, which provide services for entrepreneurs who want to incorporate their companies as well as existing businesses looking for assistance when registering new ones or updating their existing ones with regards to compliance requirements under E.U. law (Directive 2014/67/E.U.).
Summary
We have collected all the information about good company formation agents in Cyprus. It is time to check for yourself and choose one who can provide the best service and help you get your business running smoothly without any issues.
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