Fee schedule

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 €150 €150 €15 Signing Documents
Nominee Shareholder                                                                                     *POA is not included
Individual Nominee (Cypriot) €200 €200 €35 Signing Documents
Corporate Nominee €100 €100    
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     €200 With Apostille
Tax Clearance Certificate     €200 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 - - €2.500,00 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 - - €500,00  
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 370
Preparation and Submission of IR7 150
Preparation and Submission of HE 32 125
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 200
Tax Clearance Certificate (without apostil) 150
Tax Clearance Certificate with apostil 200
Temporary tax submission 50
Nominee Signatures 35 per engagement
Preparation of Payroll 50 per employee per month
Preparation and Submission of Personal Income Tax Form 50
Handling of penalties 50 per case
 
Type of Company 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 TBC TBC TBC

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


Compliancy Requirements:


1. Levy – Renewal of company, to be paid in June every year. This is a requirement by Company House. Failure to do so results in penalties and could result in the striking-off of the company from the Registry of Company House.


2. Corporate Taxation – Submission of IR4 and HE32, compulsory requirements by Inland Revenue and Company House. Must be done on a yearly basis. In order to submit these forms, bookkeeping and audit for the company must be completed. If the IR4 for a company is not submitted, the company will not be able to request any Tax Certificates. When the audited accounts are submitted at a later stage, the company will be required to pay penalties to Company House and if applicable, interest on the tax amount payable to Inland Revenue.


3. VAT Registration – for companies that are registered in VAT Authorities, there is a requirement to submit a VAT Report on a quarterly basis. To prepare this form bookkeeping must be undertaken.


4. VIES Registration – companies that are selling goods or providing services to EU countries are required to register in VIES. VIES declarations are submitted on a monthly basis. Once a company is registered in VAT & VIES Authorities it must submit its declarations on time. Failure to do so results in the payment of monthly and quarterly penalties.

Take the next step, we are here to help.

Register a Cyprus company.
Open a Cyprus bank account.

  Resources:

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.

Cyprus tax department releases new guidance on CRS deadlines and the online portal

Cyprus tax department releases new guidance on CRS deadlines and the online portal

The Cyprus Tax Department has released a notification to all Cyprus based Financial Institutions & Service Providers of the new guidance notes on the Automatic Exchange of Financial Account Information and other information relating to the Common Reporting Standard (CRS).

Hong Kong establishes AEOI agreement with Indonesia

Hong Kong establishes AEOI agreement with Indonesia

Last week, Hong Kong finalised and signed an agreement with Indonesia to allow for the automatic exchange of financial information (AEOI) regarding all tax matters.

 

New requirement for Scottish LPs to disclose all PSC information to the Companies House

The legislation for Scottish Limited Partnerships have changed regarding the disclosure of information. Going forward, Scottish LPs will have to register all information about PSCs and Business Owners with the UK Companies House from July 24th 2017.

 

Key amendments to the Singapore Companies Act

Significant changes to the commercial and company law in Singapore have come into effect. The changes to the Singapore Companies Act will hopefully make business entities more transparent as well as mitigating the risks of money laundering and terrorist financing.

Panama Law 52: Updated legislation for all legal entities

Panama Law 52: Updated legislation for all legal entities

Last month the Government in Panama officially approved Law Number 52; legislation which creates the regulatory framework for the implementation regarding automatically exchanging tax information, in a further attempt to comply with global regulations for tax transparency, and to be fully in line with all supervisory and compliance matters.

Important 2016 reporting deadlines for BVI Financial Institutions

Important 2016 reporting deadlines for BVI Financial Institutions

Officials from the British Virgin Islands have come together to clarify various filing deadlines as per the automatic exchange of information systems in a press release.

Thinking of relocating your business to Singapore? Let us help you!

Thinking of relocating your business to Singapore? Let us help you!

Singapore has quickly become one of the world's most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe, making it an ideal destination and potential location for Business Owners to relocate and start a new business and lifestyle.