Fee schedule

Description Fee (USD) Additional Information
Company Incorporation 1,450.00  
    Government Fees
    Certificate of Incorporation
    M&AA
    Resolution of Directors Appointment
    Minutes of First Meeting
    Register of Directors & Shareholders
    Share Certificates
    Maintenance of Registers
    Corporate Document Set with Apostille
    Company Stamp
    Courier
   
*Renewal Fees:    
    Registered Office
    Registered Agent
    Annual License Fee
750.00  
Annual Nominee Fees:    
Individual Cypriot Nominee Director
Corporate Belize Nominee Director
Individual Cypriot Nominee Shareholder
Corporate Belize Nominee Shareholder
380.00
200.00
250.00
150.00

POA is not included

Bank Account:    
Cyprus Bank Account Opening
Bank Accounts in other jurisdictions

Quoted for on a case by case basis
Quoted for on a case by case basis

No Visit required
Additional Services:    
Notarisation of Documents 150.00 Per Document
Apostille of Documents 200.00 Includes Notarisation. Fee
Per Document
Certification by the BVI Registry 200.00

Per document

 

Certification by Consulate Quoted for on a case by case basis  
Change of Director / Change of Shareholder
    Including preparation of Minutes / Resolutions
    Share Certificates
Updated Register of Directors & Shareholders
250.00 Additional charge of
40 USD if more than 1
Director / Shareholder

Certificate of Good Standing

    Including Apostille & Courier
    Without Apostille, including Courier

 

575.00
375.00

 

Certificate of Incumbency

    Including Apostille & Courier
    Without Apostille, including Courier

 

575.00
375.00

 

Power of Attorney

   Including Apostille & Courier
   Without Apostille, Including Courier

 

300.00
250.00

 

For Cypriot and Corporate Nominees

Power of Attorney

    Including Apostille & Courier
    Without Apostille, Including Courier

 

600.00
400.00

 

For BVI nominees

Certificate of Tax Exemption

    Including Apostille & Courier
    Without Apostille, Including Courier

 

575.00
375.00

 

Amendments to M&AA

    M&AA with Apostille & Courier

 

625.00

 

Change of Company Name:

    Certificate with Apostille & Courier

 

575.00

 

Virtual Office Services in BVI:

    Mail Address
    Phone Number & Answering Service
    Mail Forwarding
    Re-Invoicing Service

 

695.00
670.00*
Price on Application
Price on Application

 

*A one-off refundable deposit of 500.00 USD required upon commencement of service

    Company Search at the Registry 150.00  
Company Dissolution 1,600.00 Including original
Certificate of Dissolution
The Liquidator is not included in the liquidation process
Liquidator 500.00 Provided by Eltoma (CY
Individual)
Change in Domicile 1,500.00  
Compliance service charges     
Introduction Compliance Fee for New Clients. US$230  
Annual Compliance Review  US$120 Charged with June 2016 Company Renewal fee onwards.
Compliance Service Fee for all post company incorporation services involving new persons or legal entities. US$60 – US$120  Price depends on complexity of the case.

 

*Renewal payments due as follows:

• Annual renewals are collected on an annual basis by the first day (1st) of the month of incorporation
• Exceptions for companies incorporated in June and December:

  • Renewal collection for companies incorporated in June – by the 01st May
  • Renewal collection for companies incorporated in December – by the 01st November

Take the next step, we are here to help.

Register a BVI (British Virgin Islands) company.
Open a BVI (British Virgin Islands) bank account.

  Resources:

Gibraltar companies now have to disclose full Beneficial Ownership details to Central Register

Gibraltar companies now have to disclose full Beneficial Ownership details to Central Register

Gibraltar is working to implement all EU legislation relating to the 4th Anti Money Laundering Directive into national law, in addition to the current EU legislation on financial supervision and direct taxation, and to this affect, the Government of Gibraltar have established a Central Register of Beneficial Ownership that will be effective from June 26th 2017.

European Commission publishes tax avoidance disclosure directive

European Commission publishes tax avoidance disclosure directive

The EC (European Commission) has published its draft legislation compelling financial service providers or intermediaries to disclose any international tax planning schemes they have encouraged, enabled or assisted in any way.

OECD publishes compliance review for all non-compliant jurisdictions

OECD publishes compliance review for all non-compliant jurisdictions

The OECDs global tax transparency initiative was launched last year in April 2016, with the purpose of encouraging every jurisdiction across the world to commit to implementation of a CRS (Common Reporting Standard) for automatic exchange of information by 2018, and to sign the Multilateral Convention on the exchanging of tax data. A forum on behalf of the OECD has released the results of its review for jurisdictions it considers to be non-compliant.

EU Parliament Committee release findings & recommendations for current offshore taxation measures

EU Parliament Committee release findings & recommendations for current offshore taxation measures

A formal enquiry into the Panamanian law firm Mossack Fonseca has been launched by the European Parliament's Committee, which found gaps in beneficial ownership transparency for trusts and fiduciaries and didn’t meet the EU standard.

2017 G20 summit: Enforcement of taxation highest priority

2017 G20 summit: Enforcement of taxation highest priority

The 2017 G20 leaders’ summit took place in Hamburg last week where the European Commission Council and leaders discussed the priorities and primary projects for the upcoming summit. EC President Jean-Claude Juncker has stated that advancing the global combat against tax evasion is top of the list.

The EC takes action against advocates promoting tax avoidance schemes

The EC takes action against advocates promoting tax avoidance schemes

The European Commission has recommended the implementation of a new regulation regarding companies or intermediaries who promote or design cross-border tax planning schemes will going forward be required to provide full disclosure to the tax authorities of their relevant jurisdiction within five days of offering them to clients.

What are the new Beneficial Ownership reporting requirements for BVI companies?

What are the new Beneficial Ownership reporting requirements for BVI companies?

Going forward, a new regulation will require certain British Virgin Islands companies to gather and retain details of Beneficial Owners with 25% or more of the company’s shareholding rights, with an ongoing requirement to keep the details up to date.

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

Cyprus is once again working to improve its economic desirability and will be able to increase its alternative business base for Russians with good creditworthiness.