pay engagement setup cost by instalmentCyprus LLC setup costs in Year 1 will amount to €2,500 and annual company costs in Year 2 and thereafter will amount to €0. The average fee per engagement amounts to €9,535 including i) Cyprus company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Cyprus entity typesCostDraft invoice
Tax resident LLC€9,535draft invoice for Cyprus LLC
Shelf company€16,140draft invoice for Cyprus shelf company
Branch of foreign company€11,705draft invoice for Cyprus branch office
PLC€12,335draft invoice for Cyprus PLC
Free zone€10,535draft invoice for Cyprus FZ
Holding company€9,735draft invoice for Cyprus holding company
Offshore trust€15,585draft invoice for Cyprus offshore trust company

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The average Cyprus company registration period is 10 weeks as outlined below:

Service LLCPLCFoundationBranch
Engagement planning1 week2 weeks3 weeks2 weeks
Company incorporation period2 weeks3 weeks4 weeks4 weeks
Bank account approval3 weeks4 weeks4 weeks4 weeks
Internet banking approval1 week1 week1 week1 week
Engagement completion1 week1 week1 week1 week
Total engagement period8 weeks11 weeks13 weeks12 weeks

cyprus business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Cyprus, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Grace Odhiambo, directly:
client relationship officer - Grace
Cyprus chamber of commerce and industry (CCCI) Government web portal of the Republic of Cyprus Cyprus tax department (direct taxation) - Cyprus inland revenue department Cyprus Investment Promotion Agency - invest in Cyprus (CIPA) Cyprus ministry of finance Central bank of Cyprus