ALL Expenses of a Cyprus Ltd. Company (Setup costs & more!)

Those are all the business costs, expenses and fees for opening and running a company in Cyprus.

I'm explaining exactly how much you will spend on a monthly, quarterly and yearly basis for your Ltd. company.

We will talk about the incorporation setup fees, bookkeeping expenses, tax audit fees and also some hidden costs!

0:00 Intro
0:29 Setup Fees
2:41 Monthly Expenses
3:53 Quarterly Expenses
5:12 Yearly Expenses
7:33 Taxes
9:17 Hidden Costs

If you're new to Cyprus and if you want to open a Limited company, it's very important to know what costs you will need to pay, and this is why I created this video!

When I came to Cyprus I also didn't know what the fair prices are, but after 3 years of living here and running 2 businesses I know exactly what you should be paying for your business.

Of course, it's still individual to every business, but most digital nomad, entrepreneurial companies are very similar, so this video will definitely help you in any case! And for further assistance, feel free to contact me.

[quovadismurica]

This is so helpful, thinking of doing this myself! Thanks!

[Sx-xyzi]

Love this channel :) also deep microphone :)

[natasaxenophontos]

Thanks for the great tips - keep it up!

[chrisjungle]

Love this channel ❤️ thank you for providing all that structured content. From the 1. Video i saw up until now always great content. 🙏 and a really calming voice 🎵🎤🎧

[alinazar]

Great content! a question, im i required to have a local bank if i open a company in Cyprus? or can fintech's be good enough, i have been looking into options like Finom, OneMoneyWay which offers business bank accounts. Would these be enough?

Secondly if someone does not stay in cyprus, just wants to have a company there but not live there, is it possible?

[morc]

Thank you Rico, super helpful info! Which advisor/accountant would you recommend? Any contacts? 👀

[videofrat]

Can someone summarize what is the total yearly cost without having to watch the whole video? :)

[OlafLindgreen]

Thanks Rico, great information. Can you recommend somebody to help me setup a company and to handle everything related to registration when I move to Cyprus. I would look to bundle it, as you suggest.

[marcelkukula]

Deine Videos zwingen mich fast nach Zypern zu ziehen bald ist es so weit 😊 Wie meldet man sich in Deutschland komplett ab ?

[apbarraza]

Great video as always Rico! I was wondering what your opinion is of Cyprus banks and if it is hard to open a business bank account? Maybe a video on Cyprus banks, their fees and things to be careful of would be informative.

[olugboyegaibidapo-obe]

How do you register a non profit organization like an NGO

[lillplill]

Thanks so the info! I have a question about the NHS contribution. You mentioned on every dividend that’s to be paid out through the company, there’s a 2.65% tax charged. But is this tax on this dividend what the company owner pays themselves/shareholders listed and if so, does that mean it’s better to pay yourself as a shareholder in the company than an employee?


If that’s the case as the owner/employee, it seems better to “pay yourself” a higher dividend than salary though the company yes ? As not only is the NHS contribution to the dividend only 2.65% compared to 26% in social insurance.

I’m sorry correct me if I’m wrong but it’s how I understand it

[arashsatterman]

You are awsome! Thank you for the great help. Am going to open a company soon so I need some good local company that could help to start up my business. Cost? 3000-4000 euro? Do you have som rekommendationen? My core business is buy sell properties and buy and sell stocks. No need for employess only my self. Limeted or offshore/Holding?

[bradgrasl]

Great video, as always! Is it only possible to get non-Dom status via starting a company?

[luikohl]

Hey rico,

based on your numbers

one off:
establish ltd: 2000
+
ubo: 150
= 2150

monthly
social: 26%

yearly
district fee: 300
tax audit: 1400
corporate tax: 12, 5 on profits
1700+12, 5%
bookkeeping * 4: 1600
= 3300+12, 5% on profits

adhoc
NHS contribution: 2, 65% for dividend (180k cap)

Would these numbers also be roughly accurate if you have a forex or crypto trading company? Is this correct only for those with non dom?

[skerritv]

a table or some math in the video would help a lot to easily understand all costs

[nacho]

can you open a company in cyprus without living there? or you've to live there and do the 60+ days & not live 6+ months in another country thing?
Thank you for your time and your videos! really appreciate them!

[sej]

Hi Rico, why you don't pay yourself only with dividends to avoid salary tax?

[ChristianGrey]

Can you recommend a legit company that offers the services you spoke on your video? I plan to move to Cyprus as a contractor so I will need to speak with a company that would assist in setting up the company, accounting and administration services for me. Much appreciate for your great video!

[enyosam]

Where can one purchase the bundle for registration as someone who wishes to migrate to Cyprus?