Cyprus company yearly running costs

Discussion in 'Cyprus Company formation' started by Macky, Jan 28, 2019.

  1. Macky

    Macky Active Member

    I want to ask you guys what are approx. yearly running costs for your Cyprus Ltd. ?

    • Accounting approx 15 items per month
    • Possibly VAT tax returns monthly
    • Once a year tax audit required by law
    • Do I need to rent registred office ?
    • + What did I forget ?
     
  2. Admin

    Admin Forum Moderator The Forum Cleaner

    You should expect something like 2 - 3000 euro per year.
     
  3. ozymandias

    ozymandias Offshore Agent Mentor Group

    Considering these ongoing costs, plus the likely EUR3000-5000 setup costs, what would you recommend the minimum turnover of an EU company should be before considering moving to Cyprus worthwhile?
     
  4. Admin

    Admin Forum Moderator The Forum Cleaner

    You want to make a budget and some calculation to find break even and when it would profitable for you to setup something in Cyprus. Many people do this because they have limited options while others do it because they have it within their tax planning.
     
  5. blueweb

    blueweb Corporate Services Mentor Group Business Angel

    Cyprus is cool for company and banking if you know how to setup your business AND if you are not to stupid to setup a real looking business.
     
  6. Vaios01

    Vaios01 New Member

    "AND if you are not to stupid to setup a real looking business."

    Could you please elaborate on this? Why would a real looking business be stupid, surely something that was fake looking is worse??