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Fees and timelines in 2024

Fees

pay engagement setup cost by instalmentThe average fee per Cyprus engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:

Different Cyprus entity types Cost Draft invoice
Tax resident LLC €13,350 View invoice PDF
Shelf company €16,140 View invoice PDF
Branch of foreign company €11,705 View invoice PDF
PLC €12,335 View invoice PDF
Free zone €10,535 View invoice PDF
Holding company €9,835 View invoice PDF
Offshore trust €15,585 View 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 LLC PLC Foundation Branch Offshore trust Holding company Free zone company
Engagement planning 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Company incorporation period 2 weeks 3 weeks 3 weeks 3 weeks 3 weeks 2 weeks 3 weeks
Bank account approval 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Internet banking approval 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Engagement completion 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Total engagement period 9 weeks 10 weeks 10 weeks 10 weeks 10 weeks 9 weeks 10 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. Rashi Garg, directly:
client relationship officer - rashi