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Costs for setting up a Ltd Company

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Costs for setting up a Ltd Company

Postby psycho » Fri Jul 03, 2009 10:05 am

Does anyone have any idea how much is costs to set up and register a Limited company in Cyprus, also the requirements for a non Cypriot holding a Ltd company in Cyprus.?
All useful information would be greatly appreciated.
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Postby michalis5354 » Fri Jul 03, 2009 12:45 pm

Registering a company name wont cost you much max 100 euros but for a ltd co including foreign ownership I think you need to register it through an accountant or lawyer.
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Postby Z4 » Fri Jul 03, 2009 12:52 pm

Is it approx 1200 Euro to set up a Ltd company?
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Re: Costs for setting up a Ltd Company

Postby Tim Drayton » Fri Jul 03, 2009 12:54 pm

psycho wrote:Does anyone have any idea how much is costs to set up and register a Limited company in Cyprus, also the requirements for a non Cypriot holding a Ltd company in Cyprus.?
All useful information would be greatly appreciated.


If the non-Cypriot is an EU national then he/she will face no restrictions of any kind.
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Postby psycho » Fri Jul 03, 2009 12:55 pm

michalis5354 wrote:Registering a company name wont cost you much max 100 euros but for a ltd co including foreign ownership I think you need to register it through an accountant or lawyer.

I've already made contact with one lawyer and he's quoting 1,500 euros. When I asked him why so much his reply was - it costs 600 euros for him to register the company in Nicosia. IMHO I think this is excessive.
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Re: Costs for setting up a Ltd Company

Postby psycho » Fri Jul 03, 2009 12:57 pm

Tim Drayton wrote:
psycho wrote:Does anyone have any idea how much is costs to set up and register a Limited company in Cyprus, also the requirements for a non Cypriot holding a Ltd company in Cyprus.?
All useful information would be greatly appreciated.


If the non-Cypriot is an EU national then he/she will face no restrictions of any kind.

Thanks Tim
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Postby michalis5354 » Fri Jul 03, 2009 1:03 pm

It depends on the Accountant or Lawyer as you need I either of these two to register a Ltd company . But If its just a Company name then max 100 Euros without any accountant. and it can be done in the departemnt of the registar of companies in Nicosia.

http://www.mcit.gov.cy/mcit/drcor/drcor ... enDocument

I've already made contact with one lawyer and he's quoting 1,500 euros. When I asked him why so much his reply was - it costs 600 euros for him to register the company in Nicosia. IMHO I think this is excessive.


Yes its much . get more quotes there are many small lawyers or accountants who can charge less.
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Postby Z4 » Fri Jul 03, 2009 1:12 pm

psycho wrote:
michalis5354 wrote:Registering a company name wont cost you much max 100 euros but for a ltd co including foreign ownership I think you need to register it through an accountant or lawyer.

I've already made contact with one lawyer and he's quoting 1,500 euros. When I asked him why so much his reply was - it costs 600 euros for him to register the company in Nicosia. IMHO I think this is excessive.


Especially when you can setup a UK Ltd company for £35! :evil:
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Postby Sega » Fri Jul 03, 2009 2:03 pm

psycho wrote:
michalis5354 wrote:Registering a company name wont cost you much max 100 euros but for a ltd co including foreign ownership I think you need to register it through an accountant or lawyer.

I've already made contact with one lawyer and he's quoting 1,500 euros. When I asked him why so much his reply was - it costs 600 euros for him to register the company in Nicosia. IMHO I think this is excessive.


I think at most it costs 200 euros, but lawyers add to that figure and inflate it to the around the figure you gave.
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ltd compmay

Postby johnny1 » Fri Jul 03, 2009 2:09 pm

wat company r u thinking of opening?
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