Practical guidance for foreign founders setting up and running a Cyprus company. Every guide below is written from live client work and sourced to primary material: the Cyprus Registrar of Companies, the Central Bank of Cyprus, and the banks themselves.
Incorporation
Can I Open a Company in Cyprus as a Foreigner?
Yes – and there is no residency or nationality restriction on ownership. Eligibility, 100% foreign ownership, the eight requirements that actually gate an incorporation file, whether you need to visit Cyprus, and the five mistakes that most often stall a non-resident application.
Cost of Incorporating a Company in Cyprus: Setup and Annual Fees
What a Cyprus company actually costs in year one and every year after: incorporation work, government charges, registered office, nominee support, administration, accounting and audit. Includes the abolition of the annual levy from 2024 and what replaced it.
Banking
Documents Foreign Founders Need to Open a Bank Account in Cyprus
Incorporation does not guarantee a bank account. The document set Cyprus banks actually ask for – company certificates, UBO evidence, source of funds, KYC records – and how to present a file that reads as commercially credible under the Central Bank of Cyprus AML Directive 2025.
Talk to us
If you are weighing a Cyprus structure and want a direct answer rather than a brochure, request a confidential consultation. Aspen Oaks Corporate Services Ltd is a licensed Administrative Services Provider regulated by the Cyprus Bar Association, based in Limassol.
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