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Fees and timelines in 2023

Fees

pay engagement setup cost by instalmentCyprus LLC setup costs in Year 1 will amount to €3,950 and annual company costs in Year 2 and thereafter will amount to €0. The average fee per engagement amounts to €13,350 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€13,350View invoice PDF
Shelf company€16,140View invoice PDF
Branch of foreign company€11,705View invoice PDF
PLC€12,335View invoice PDF
Free zone€10,535View invoice PDF
Holding company€9,835View invoice PDF
Offshore trust€15,585View invoice PDF

Click here to create your own Cyprus invoice

Other fee considerations

Timelines

The average Cyprus company registration period is 9 weeks as outlined below:

Service LLCPLCFoundationBranchOffshore trustHolding companyFree zone company
Engagement planning1 week1 week1 week1 week1 week1 week1 week
Company incorporation period2 weeks3 weeks3 weeks3 weeks3 weeks2 weeks3 weeks
Bank account approval4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
Internet banking approval1 week1 week1 week1 week1 week1 week1 week
Engagement completion1 week1 week1 week1 week1 week1 week1 week
Total engagement period9 weeks10 weeks10 weeks10 weeks10 weeks9 weeks10 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 contact our in-house country expert, Ms. Pam Tharmaraja, directly:
client relationship officer - Pam
  • Ms. Pam Tharmaraja
  • Senior Client Relationship Officer
  • Contact me!
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
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