Cyprus is one of the most trusted jurisdictions in our time and maintains its position as one of the top jurisdictions for setting up a business.
Cyprus is a major tourist destination in the Mediterranean. With an advanced, high-income economy and a very high Human Development Index, the Republic of Cyprus has been a member of the Commonwealth since 1961 and was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004. On 1 January 2008, the Republic of Cyprus joined the Eurozone.
| Type of the company | IBC – International Business Company |
| Relevant Companies Law | Cyprus Companies Law, Cap.113 |
| Obligation to have the local office | Law requires companies to provide a local office address |
| Language of the corporate documents | Greek and English with notary certification and apostil |
| Currency | EUR |
| Corporate tax | 12,5 % |
| Standard share capital | 5,000 EUR |
| Obligation to appoint company secretary | Required |
| Obligation to appoint local secretary | Required |
| Obligation to appoint company director | Required |
| Obligation to appoint local company director | Required only in Resident companies |
| Minimum number of directors | 1 |
| Obligation to register shareholders | Required |
| Minimum number of shareholders | 1 |
| Obligation to hold annual assembly | Required and may be held in any location |
| Obligation to prepare financial reports /Obligation to submit financial reports | Required/Required |