Cyprus registration in Cyprus in 2025: how to open a company and conduct a business for Russians

Krympress reports:

Cyprus has long attracted entrepreneurs due to its position in the EU and an understandable tax system. The opening of a legal entity here opens access to the European market, which is a significant argument for many businessmen from Russia and the CIS countries. This is not just an offshore in the classical sense, but a full -fledged European jurisdiction.

The process of registering a company on the island has its own characteristics. It requires the preparation of documents and understanding of local laws. Although the procedure has been worked out for years, it should be approached carefully to avoid delays. Let’s look at the main stages that you need to go.

Basic requirements for registering business in Cyprus

First of all, you need to choose and check the unique name for a future company. The registrar of Cyprus companies will not approve the name that is already busy or too similar to the existing one. Checking the name is the first stage, and today this is paid to close attention in order to avoid coincidences. Each company must have a registered legal address in Cyprus. Also, at least one director and shareholder, which can be individuals or legal entities, are not necessarily residents of Cyprus. The presence of a company secretary is a mandatory requirement.

The following documents are usually required to start the procedure:

• copies of foreign passports of all founders and directors;
• Confirmation of the address of residence (for example, a utility bill);
• A brief description of the alleged activities of the company.

This package of documents is standard, but other papers may be required depending on the situation.

Choosing the form of the company and taxes on Cyprus

To better understand the differences between forms of property, you can study specialized resources. Most often, foreign investors choose a private liability company (Private Limited Company or LTD). This form is convenient for most types of activities. It suggests that the responsibility of shareholders is limited by their deposits to the authorized capital — https://cyprusregister.com/.

The Cyprus tax system is one of the main factors of attractiveness. It is transparent and offers several advantages for international business.

The main tax advantages look like this:

• The corporate income tax rate is one of the lowest in the European Union;
• dividends received from other companies are not taxed in most cases;
• There is a special regime for intellectual property (IP Box).

Such conditions make the jurisdiction of Cyprus one of the most interesting in the EU for business.

What to do after receiving registration documents

After all the documents for the company are received, the work does not end. The next important step is the opening of a corporate bank account. Without it, it is impossible to conduct commercial activities. Cyprus banks carefully check new customers, so you need to take it seriously to the preparation of documents for the bank.

Another point is registration with the tax authorities and, if necessary, receiving the number of the VAT payer (VAT). VAT registration is required if the company’s annual turnover exceeds the established limit or if it plans to trade within the EU. The implementation of these formalities opens up an opportunity for full commercial activity.

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