Fee schedule

Fee schedule Source image: / CC by 2.0
Service Year 1 Year 2 Additional
Services
Comments
Total Fee €1550 €400    
Acceleration Fee     €450 Additional Payment for faster
incorporation
Incorporation Included   €150 Copy (with Apostille)
Registered office Included Included €200 Alternative (non-standard)
registered address
Secretary Included Included    
Certificate of Incorporation Included   €150 Copy (with Apostille)
Certificate of Directors & Secretary Included   €200 Copy (with Apostille)
Certificate of Registered Address Included   €200 Copy (with Apostille)
Certificate of Shareholders Included   €200 Copy (with Apostille)
Resolution of Director’s Appointment Included      
Memorandum & Articles of Association Included   €260 Copy (certified by Registrar with Apostille)
Company stamp (rubber) Included   €60 Metal Stamp
€40 Rubber Stamp
D&B D-U-N-S ® Number Included   €35  
Nominee Director                                                                                           *POA is not included
Individual Nominee (Cypriot) €350 €350 €35 Signing Documents
€60 Signing documents in one
bundle for bank application and
Financial Report
Corporate Nominee €350 €350 €35 Signing Documents
Nominee Shareholder                                                                                     *POA is not included
Individual Nominee (Cypriot) €200 €200 €35 Signing Documents
Corporate Nominee €200 €200 €35  
Bank Account
Cyprus Bank (no visit required)     Quoted for on a case by case basis For Companies incorporated by
Eltoma Corporate Services
Cyprus Bank (no visit required)     Quoted for on a case by case basis For companies not
incorporated by Eltoma Corporate Services – Individual Quotation provided
Other jurisdictions available – see
website for complete list
       
Apostille
One Document     €70  
Set of Documents     €110  
Additional Certificates
Changing/adding/removing of Director or Shareholder     €250 Includes Certificate with
Apostille
(Additional charge of €35 if more than 1 Director/Shareholder)
Changing of Name     €320 Includes Certificate with
Apostille
Certificate of Good Standing     €150 With Apostille
Power of Attorney (for 1 year)     €150 With Apostille
Change of Company Owners     €60 Director signature is charged at
extra cost
Service Year 1 Year 2 Additional
Services
Comments
Tax Residency Certificate     €250 With Apostille
Tax Clearance Certificate     €250 With Apostille
Double Tax Certificate     €200 With Apostille
Drafting resolutions     €80  
Additional Services
Certification of Documents by Notary (1 signature)     €35 1 Signature
Certification of Documents by Notary (2
signatures)
    €50 2 Signatures
Certificate of Incumbency / Secretary
Certificate
    €60 Without Apostille
Certificate of Incumbency / Secretary
Certificate
    €130 With Apostille
Company Closure Year 1 Year 2 Additional
Services
Comments
Liquidation - - €3,500,00 Price quoted for dormant
companies only, including liquidation services and relevant application fees.
Actual expenses (out of pocket) are not included in the price (liquidation).
Price for active companies – on
quotation basis.
Strike Off - - €700,00  
Company reinstatement      €700,00  
Post and courier services       Comments
International courier     €80  
International registered post     €25  
Local courier (within Limassol)     €10  
Local intercity courier     €25  
Cyprus Immigration Services       Comments
Residency permit (Yellow Slip)     €450 per applicant  
Cyprus visitors’ visa (pink slip)     €550 per
applicant
 
Work permit: For every new applicant
(when company is already registered)
    €950 per
applicant
 
Work permit: For additional applicants
applying simultaneously
    €500 This price is only for
simultaneous applications
Company registration with Migration authorities:
   Application for company registration only     €500 per company  
  Application for company registration accompanied with simultaneous application for individual work
permit
    €300 per company  
Compliance service charges       Comments
Introduction Compliance Fee for New Clients     €200  
Annual Compliance Review      €100 Charged with June 2016 Company Renewal fee onwards.
Compliance Service Fee for all post company incorporation services involving new persons or legal entities.     €50 - €100  Price depends on complexity of the case.

* Please note – all fees exclude VAT (19%). VAT will be added where applicable.


Accounting Fees:

Type of Service Price EUR
Income Tax Registration with Authorities 100
Registration with VAT Authorities 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
Preparation of official letters to correct previously submitted VAT
Returns
100

Preparation and Submission of Company House Levy

In case the payment is carried out through Eltoma Corporate Service will be charged a service commission

350

100

 

Preparation and Submission of IR7 150
Preparation and Submission of HE 32 125
Preparation and signing of AGM 150
VAT Returns – Preparations and Submissions (quarterly submissions) 300– 600 final amount based on volume of work involved
VIES Returns – Preparations and Submissions (monthly) 20 – 70 per month based on work
volume
Tax Residency Certificate (without apostil) 150
Tax Residency Certificate with apostil 250
Tax Clearance Certificate (without apostil) 150
Tax Clearance Certificate with apostil 250
Temporary tax submission 50
Nominee signing of Financial Statements 60
Nominee signing of Financial Statements undergoing audit (letters, confirmations, etc.) 60
Preparation of Payroll 50 per employee per month
Preparation and Submission of Personal Income Tax Form 50
Handling of penalties From 50 per case
 
Type of Company Number of
Transactions
Note 3
Amount -
EUR
Amount -
SGD
Amount -
USD
Standard fee – Dormant
Company (Note 6)
- 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 Note 7 Note 7 Note 7

* Please note – all fees exclude VAT (19%). VAT will be added where applicable.

 

NOTES:

1. The above fees exclude VAT (19%).

2. Any out of pocket expenses are excluded.

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

  • No of sale invoices

  • No of purchase invoices

  • No of Bank transactions (payments, receipts, bank charges and bank interest)

  • No of other transactions (administrative expenses, selling and distribution expenses, depreciation, taxes etc.)               

For example: A company at its financial year from 1/1/2012 until 31/12/2012 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, 4 quarterly bank charges and 7 other transactions (1 audit invoice, 1 bookkeeping invoice, 1 director fees invoice, 1 secretary fees invoice, 1 utility bill payment, 1 tax payment and 1 Company House Levy payment) that were paid in cash. The total number of transactions is 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 for this company for the bookkeeping for the year from 1/1/2012 until 31/12/2012 the total of transactions is 39 (Up to 50 transactions) and an indicative quotation is as follows:

 

Transactions

EUR

Standard fee

350

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

273

Total

623

 

4.  The above fees are given for indication purposes only and cannot be considered as final. Final quotations will be given upon presentation of the appropriate documentation. These will be based on complexity of transactions and issues to be resolved.

5.  Each agreement/contract, investment and loan, is charged on fixed amount as per the below:

 

Contracts/Agreements

EURO

USD

SGD

1

50

60

80

 

6.  Dormant companies are considered as the companies that have only share capital and professional services invoices (audit fees, bookkeeping fees, secretary fees etc.).  If a company has an active bank account, it is not considered as dormant.

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

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