COMPANY FORMATION WITH A COMPLETE PACKAGE
Privacy Management GroupLtd. in Cyprus offers you legally secure and seamless formation of your Cyprus Limited/Cyprus Holding company. Starting with complete documentation for your Cyprus... Further >
TAX AND LEGAL ADVICE FOR CYPRUS
Privacy Management Group offers you continuous support, without time limitations or additional fees!
TAX ADVICE, BOOKKEEPING, ACCOUNTING
All services from one source! Privacy Management Group in Cyprus exclusively employs established specialists, lawyers, tax advisers and accountants with years of experience, whom are happy... Further >
DIRECT ACCESS LOCALLY IN
CYPRUS
Privacy Management Group has been a long-standing banking introducer and associate in Cyprus, with offices in Larnaca, Nicosia and Paphos. Whether it is a matter of relocating to Cyprus, taking advantage... Further >
Complete formation fees at a glance
Company formation in Cyprus
Complimentary consultation from the word go!
Privacy Management Group in Cyprus provides the expertise of a team of European specialists for over ten years. Our professionals know from their own long experience in which areas you need active support and guidance. Based on the understanding and knowledge of more than three decades as management consultants, tax advisors and lawyers, and further specialised expertise of our professional team, the following service programme has been developed for you.
From the word go in the planning phase, you can rely on our expertise and benefit from the following services:
| Free of charge introductory expert advice |
| Get your questions in the planning phase answered via live chat |
| Introductory & expert in-house specialist advice free of charge |
In addition, we are available to answer any questions you may have about education, real estate, living in Cyprus, health and social care etc.
Our services
All services under one roof
PMG’s legal team is familiar with European and Cyprus law, the head of the corporate legal department being a Cyprus Bar Association member for over 30 years. Many of our tax advisers, accountants and management consultants have been with us for more than 10 years. Privacy Management Group offers all services under one roof. The formation costs for establishing a company amount to a one-off and all-inclusive fee of EUR 2,850.00, exclusive of VAT.
Company formation in Cyprus includes
| Complimentary legal and tax advice | YES | |
| Complimentary name check at the Register of Companies | YES | |
| Preparation of all necessary incorporation documents | YES | |
| Preparation of the memorandum and articles of association | YES | |
| All fees paid | YES | |
| Incorporation documents | YES | |
| A to Z directory incl. complete original documentation | YES | |
| Courier delivery or collection from our business centre | YES |
Bank Accounts
| Complimentary business account opening in Cyprus | YES | |
| Complimentary personal account opening in Cyprus | YES | |
| Complimentary advice - worldwide bank account opening | YES |
Registered office and more
| Complimentary provision of registered office and Company Secretary | YES | |
| Upon request provision of nominees | YES |
Legal and tax advice
| Obtaining corporate and individuals tax number | YES | |
| Obtaining Value Added Tax number (VAT) | YES | |
| Opening balance sheet upon request | YES | |
| Continuous bookkeeping and income tax accounts | YES | |
| Monthly profit and loss sheet | YES | |
| Provision of employment contracts | YES | |
| Monthly payroll preparation | YES | |
| Obtaining social insurance number(s) | YES | |
| Ongoing legal and tax advice for the Republic of Cyprus | YES |
Operational services in Cyprus
| Assistance to find suitable premises for your business | YES | |
| Review of rental & purchase offers and contracts through our in-house experts | YES | |
| Lease contract and tenancy review | YES | |
| Support to obtain telephone and internet connections | YES | |
| We walk to extra mile for our clients | YES |
Cyprus corporate law allows to combine personal residence and company premises.
The incorporation of a company in Cyprus takes approximately 10 working days.
Once your company is active, tax and VAT numbers are in place, your personal accountant will contact you.
| Total formation fees (one-off) | EUR 2,850.00 |
Tax advice incl. Bookkeeping,
accounting and audit
Annual fees for the complete package,
due every 12 months
All services provided by a single source! In our company we exclusively employ lawyers, tax advisers and accountants with years of experience and they are happy to help you or your company at any time. Our company of course has the in Cyprus required ICPAC certification. The annual fees, due every 12 months includes the following services:
Tax advice incl. Bookkeeping, accounting and audit
| Tax advice for your company | YES | |
| Complimentary client support by email, telephone or in person at our offices | YES | |
| Monthly payroll services free of charge for our clients | YES | |
| Quarterly VAT reporting | YES | |
| Ongoing bookkeeping | YES | |
| Preparation of audit | YES | |
| Review and obtaining client’s approval | YES | |
| Submission of audit preparation to auditors | YES | |
| Submission of IR4 (COMPANY’S TAX RETURN) to Cyprus tax authorities | YES |
Administration and other services
| Registered office in Cyprus free of charge | YES | |
| Company secretary free of charge | YES | |
| Nominee services (if requested) | YES | |
| General Power of Attorney in case of nominee services | YES | |
| Immigration service | YES | |
| Obtaining Non-Domiciliation Status | YES | |
| Relocation Services incl. advice on international schools in Cyprus | YES |
| Summary of total fees | ||
| Formation fees | one-off | EUR 2,850.00 |
| Administration fees for 12 months | ||
| Please select the amount of book entries expected within the first 12 months: | ||
| per 12 months | EUR 1,750.00 | |
| Total cost | EUR 4,400.00* | |
*exclusive of 19% VAT
Settlement date for the incorporation and first annual fees
The incorporation fee (one-off payment) of EUR 2,850 is due upon acceptance of a new client, while the first annual fees are due after the registration of the company with the Registrar of Companies in Nicosia. All fees are exclusive of VAT, which in Cyprus is 19%
Settlement date of annual fees every 12 months following company’s incorporation
The annual fees will be due twelve months after the registration of your company in Cyprus. These are inclusive of all services according to the package of your choice. You will automatically receive an invoice, sent by email.
Note: A Cyprus VAT registered company has the right, under certain conditions, to claim for refundable VAT.
Annual Levy
The ‘Annual Levy’, applicable in Cyprus since 2011, affects every company in Cyprus and comes to a flat rate of EUR 350.00. The deadline for this fee is due every year on 30th June (not included in the package).
Optional services: Non-Dom service
OPTION: RESIDENCE AND NON-DOM STATUS
Cyprus grants Non-Dom status under certain conditions
We actively accompany you through the Cyprus Residency Programme and can procure Non-Dom preference for our clients. For the service provided within the ‘Residence and Non-Dom Status Programme’ we charge a fee of EUR 490.00 exclusive of VAT.
Our support includes the following services:
| Preparation of the required documents and contracts for the authorities | YES | |
| Activation of your social insurance number (required upon registration!) | YES | |
| Support during property search (rental or purchase) | YES | |
| Arrangement of appointments with local authorities | YES | |
| Our team will arrange an appointment with the immigration office and accompany you and your family to register and welcome you as new residents | YES |
