Fees and timelines in 2022

Fees

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 €9,635 including i) Cyprus company incorporation ii) corporate bank account setup iii) legal registered office and iv) all government registration fees.

Different Cyprus entity types Cost Draft invoice
Tax resident LLC €9,635 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

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. Lee Wen Bin, directly:
Consultant at HC - Wen Bin
  • Ms. Lee Wen Bin
  • Client Engagements Department, Deputy Director
  • 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