Fee Schedule

Fee Schedule Source image: / CC by 2.0

All prices below are in Euros and exclusive of VAT (19% will be added for services provided for all companies registered in Cyprus). 

Service

Price

Price for urgent orders

Comments

Incorporation (registration)

1,500

2,500

The price includes name approval application, company registration, a set of documents with an apostille 4 certificates (Certificate of Incorporation, Certificate of Registered Office, Certificate of Directors and Secretary, Certificate of Shareholders), Memorandum and Articles of Association, company’s stamp, tax number, provision of registered address and secretarial services for 1 year.

Registered address  / secretarial services 

400

-

Annual obligatory payment for companies that are maintained by Eltoma (Cyprus) Limited even if nominee service is not provided.

Certificate of Incorporation

150

200

Apostille is included in the price , courier costs are excluded. When ordering 4 certificates, a discount of 20% is provided for each certificate.

Certificate of Directors & Secretary

150

200

Apostille is included in the price , courier costs are excluded. When ordering 4 certificates, a discount of 20% is provided for each certificate.

Certificate of Registered Address

150

200

Apostille is included in the price , courier costs are excluded. When ordering 4 certificates, a discount of 20% is provided for each certificate.

Certificate of Shareholders

150

200

Apostille is included in the price , courier costs are excluded. When ordering 4 certificates, a discount of 20% is provided for each certificate.

Memorandum & Articles of Association

260

300

 

Production of company stamp (rubber)

60

-

 

Production of company stamp (metal)

80

-

 

D&B D-U-N-S ® Number

35

-

 

T.I.C. Number

50

-

 

Nominee Director signing

35

50

Signing of Contracts or other company documentation.

Nominee Director (Individual - Cyprus)

350

-

 

Nominee Director (Corporate – Cyprus)

350

-

 

Nominee Shareholder (Individual - Cyprus)

200

-

 

Nominee Shareholder (Corporate – Cyprus)

200

-

 

Opening of Bank Account

1,000

1,500

The price includes full accompaniment of the entire procedure for the bank account opening, including communication with the bank on behalf of the Client. In this case, the bank may require apostilled and/or certified documents which are not included in the price.

Eltoma (Cyprus) Limited. cannot guarantee the opening of a bank account as the final decision is made by the bank.

Apostille (one document)

70

100

 

Amending/adding/removing of Director or Shareholder

250

350

 

Changing of Company Name

320

400

 

Changing of Beneficial Owner

100

150

 

Certificate of Good Standing

220

250

 

General Power of Attorney (for 1 year)

300

400

Do not include apostile

Special Power of Attorney (for 1 year)

200

300

Do not include apostile

Tax Clearance Certificate

250

375

 

Double Tax Certificate

220

300

 

Drafting resolutions

 

100

150

 

Liquidation

3,500

5,000

The cost is calculated by the liquidator, depending on the size of the company.

Certificate of Incumbency / Secretary Certificate

100

150

 

 

 

Transfer out fee

300

450

The price includes the preparation of documentation package of a company and its transfer to a new secretary(Changes of secretary and address are included in price; changes of Director, Shareholder are excluded and should be paid separate)

Company voluntary strike off

1,000

1,500

The price includes the preparation of documentation required for the company voluntary strike off application to the registrar of companies. Other company obligations will be charged in addition (ie.  Tax obligations)

Company reinstatement

1,000

1,500

 

International courier

120

-

 

Local courier (within Cyprus)

30

-

 

Registration for VAT

150

-

 

Registration with VIES* Authorities

150

-

 

TAXISNET Registration

50

-

 

Deregistration with VAT Authorities

150

-

 

Deregistration with VIES Authorities

150

-

 

EORI* Registration

300

-

 

Official Request of Information from VAT Authorities

150

200

 

Preparation of official letters to correct previously submitted VAT Returns

100

200

 

Assistance with state duties, income tax and other payments

100

200

 

Annual Levy fee

350

-

Obligatory state duty, which must be paid before June 30th of each year by all companies registered in Cyprus. If the payment is made through Eltoma (Cyprus) Limited, a service fee of €100 Euros + VAT is charged.

Preparation and Submission of IR7 (up to 5 employees)

200

-

 

Preparation and Submission of HE 32

125

-

 

Preparation and signing of AGM

150

-

Preparation of this form is mandatory for all companies (every15 months).

VAT Returns – Preparations and Submissions (quarterly submissions) (300 - 600, price depends on the amount of work)

300

-

 

VIES Returns – Preparations and Submissions (monthly) (20 - 70 monthly, the price depends on the amount of work)

50

-

 

Nominee signing of Financial Statements

60

-

 

Initial fee for Compliance services for new customers

200

-

 

Annual Compliance

100

-

 

The fee for Compliance services after a company incorporation for new customers - physical or corporate person

80

-

 

Preparation of Payroll (50 for each employee monthly)

50

-

 

Preparation and Submission of Personal Income Tax Form

200

300

 

Creation of Cyprus International Trust

2,500

 

Do not include out of pocket expenses

Services of trustee

1,500

 

Do not include out of pocket expenses

 

CALCULATION OF FEES FOR ACCOUNTING SERVICES: BREAKDOWN 

Please note that all companies registered in Cyprus must prepare accounting reports and undergo an annual mandatory audit. 

Company Type

Number of Transactions

Amount -  EUR

Amount -  SGD

Amount - USD

Standard fee – Dormant Company

-

€350

$600

$480

Active company

Up to 10

Up to €450

Up to $780

Up to $620

Active company

Up to 30

Up to €600

Up to $1000

Up to $800

Active company

Up to 50

Up to €700

Up to $1200

Up to $950

Active company

Up to 100

Up to €1000

Up to $1720

Up to $1350

Active company

Up to 200

Up to €1400

Up to $2400

Up to $1875

Active company

Above 200

For companies with over 200 transactions fees will depend upon actual volume and complexity of transactions.

 NOTES:

The above fees exclude VAT (19%) or VAT (7%).

The number of transactions is calculated by taking into account the following:

  • The number of sales invoices.
  • The number of purchase invoices.
  • The number of bank transactions (payments, receipts, charges and interest).             

For example:

A company’s financial year from 1.1.2018 until 31.12.2018 had 6 sale invoices and 6 purchase invoices that were paid through bank transfers (and therefore 3 bank deposits and 3 bank payments), 4 quarterly bank interest statements, 4 quarterly bank charges and 7 other transactions (1 audit invoice, 1 bookkeeping invoice, 1 Director fee invoice, 1 Secretarial fee invoice, 1 utility bill payment, 1 tax payment and 1 Company House Levy payment) to be paid in cash. 

The total number of transactions would be calculated as follows: 

Transaction type

Total

Sale transactions

6

Purchase transactions

6

Bank transactions (6 + 6 + 4 + 4)

20

Other transactions

7

Total

39

Therefore, the bookkeeping for this company from 1.1.2012 until 31.12.2012 the total of transactions is 39 (Up to 50 transactions) and an approximate quotation would be produced as follows: 

Transactions

Price EUR

Standard fee

€350

39 transactions (700 - 350) * 39/50 =

€273

Total

€623

 

The above fees are given for indicative purposes only and cannot be considered to be final. Final quotations will be given upon presentation of the appropriate documentation. These will be based on the volume and complexity of relevant cases and transactions.

Each drafted agreement/contract, investment or loan is charged as per the fixed amounts below: 

Contracts/Agreements

Price EUR

Price SGD

Price USD

1

€50

$80

$60

Dormant companies are considered to be dormant by producing only invoices from share capital and professional services (such as audit fees, bookkeeping fees, secretary fees etc.).  If a company has an active bank account, it is not considered to be dormant.

For companies with over 200 transactions fees will depend upon the volume and complexity of transactions.

                   

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