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  +357 24 656 406


+357 24 656 406
Company Formation Cyprus



Open a Subsidiary in Cyprus

Updated on Thursday 11th January 2018

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Cyprus has a modern offshore legislation, a stable jurisdiction and the lowest corporate tax rate in Europe (10%). With these advantageous conditions, one of the business opportunities in Cyprus are the subsidiary companies, which represent entities that are owned and managed by a parent company that oens more than 50 % of the shares. 
Opening a subsidiary in Cyprus can be the choice of a foreign investor, considering the benefits he can obtain from the Cyprus policies regarding his protection as a creditor and the taxes system. A Cyprus subsidiary  is regarded as a legal entity and must keep its own accounts. The financial accounts and an annual audit report is required by the Companies Act, and have to be submitted to the local Tax Authorities and Cyprus Company Register.

In Cyprus the forms under which a subsidiary can be organized are: private company limited by shares (LTD) and public company limited by shares (PLC). In the first case, the number of shareholders can be between 1 and 50 while for public limited companies there are no restrictions regarding the number of shareholders. Another difference between these two types of Cyprus companies is related to the required capital: for public companies the minimum share capital is 15.000 CYP, while for private entities there aren’t any minimum requirements for the share capital.
The registration of a subsidiary company in Cyprus can take from 10 to 18 working days and the first step of the process is to choose a name for the company and submit it to the Registrar of Companies to be approved. After you obtain the approval (the answer can take between 3 to 6 working days) the registration process can be continued. The next step is to submit the documents regarding the shareholder’s information and also about board members, the company name and address and its activity, along with a lawyer’s conformity declaration.
As a reply to your appliance the following certificates will be issued:
  • Certificate of Incorporation,
  • Certificate of Shareholders,
  • Certificate of Directors and Secretary
  • Certificate of Registered Office Address.
The subsidiary company in Cyprus must be then registered at the following ministers: Minister of Commerce for the corporation tax (the tax on the annual profit of a company), Minister of Finance for the VAT tax and the Ministry of Labour for Social Contribution. 
Please contact our company formation specialists for further details and perosonalized consultancy regarding the procedures and regulations for subsidiaries estabishment in Cyprus.


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