Ιδιωτική Εταιρεία Περιορισμένης Ευθύνης με μετοχές (private limited company by shares)Cyprus

Applies to a Ιδιωτική Εταιρεία Περιορισμένης Ευθύνης με μετοχές (private limited company by shares) in Cyprus, with one shareholder who is also the sole director. Other forms have their own requirements. Read 31 Oct 2026 · reviewed 31 Oct 2026 · how we check

The director can do

22 of the 23 below

personally, through the authorities’ own services.

A professional the law requires

• A licensed auditor Have the annual financial statements audited by a licensed auditor

Not required here

Identity verification of directors with the Registrar · Mandatory workplace pension or provident scheme · Registration or periodic fee with the data protection authority · Annual company levy of EUR 350 (repealed from 2024) (abolished)

● a professional the law requires.

Unless an item says otherwise, the director can do it personally through the authority’s own service. Most services need a one-off registration first.

Every year 12

1. Prepare and file the annual financial statements with the Registrar
   How, cost and sources

   Where

   Registrar of Companies e-filing system (annual return HE32I with the financial statements attached)

   Steps

   1. Prepare the financial statements under IFRS for the financial year
   2. Have the balance sheet signed by at least two directors
   3. Obtain the auditor's report and attach it to the statements
   4. Have the statements certified by a director and the company's secretary
   5. File them with the annual return through the e-filing system

   Done when

   The Registrar records the annual return and its accompanying statements as filed.

   Cost

   EUR 20 · The annual return filing fee of EUR 20; the statements are filed with it at no separate fee.

   If missed

   Failure to deliver the accounts with the annual return attracts the late filing fee (EUR 50 plus EUR 1 a day, capped at EUR 150) and is a criminal offence for the company and every officer in default.

   Who

   The directors are responsible for preparing a complete set of financial statements; no accountant is required by law to prepare them. The statements must be signed by at least two directors and certified by a director and the company's secretary before filing.

   Official companies.gov.cy read 31 Oct 2026

   Quote (2)

   The directors of the company are responsible for ensuring that a complete set of financial statements for the company is prepared in accordance with the International Financial Reporting Standards and the provisions of the Companies Law.

   The financial statements must include: Profit and loss account; Balance Sheet signed by at least two (2) directors; Notes; and must be accompanied, depending on the circumstances, by: the company’s management report and depending on the circumstances a consolidated management report; the company’s auditors report;

   Official companies.gov.cy read 31 Oct 2026

   Quote

   The annual return must be accompanied by the financial statements relating to the previous financial year and, must be certified by a director and the company’s secretary, together with payment of the appropriate fee .

2. File the annual return (form HE32I) with the Registrar
   Each year on the anniversary of registration · from the registry
   How, cost and sources

   Where

   Registrar of Companies e-filing system, form HE32I

   Steps

   1. Bring the company's register of members, directors and secretary up to date first
   2. Complete form HE32I with the registered office, the place where the registers are kept, the officers, the share capital and the members
   3. Have it certified by a director and the company's secretary
   4. Submit it through the e-filing system with the financial statements
   5. Pay the EUR 20 filing fee by card

   Done when

   The e-filing submission is accepted and the Registrar's register shows the new annual return date.

   Cost

   EUR 20 · EUR 20, plus EUR 20 for the accelerated procedure.

   If missed

   A late filing fee of EUR 50 on the first day plus EUR 1 a day to a maximum of EUR 150; failure is also a criminal offence punishable by a fine of up to EUR 42, and persistent failure can lead to strike-off and dissolution.

   Who

   A private company files form HE32I only through the e-filing system; the return must be certified by a director and by the company's secretary. The law requires every company to have one secretary (s.171(1)); the secretary may be a second director or any other person, and only in a single-member private company may the sole director also be secretary, so no outside professional is required.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   Every company draws up an annual return once every calendar year which includes, essential information about the company as at the date of its drafting

   Official companies.gov.cy read 31 Oct 2026

   Quote

   the annual return must be made up to a date until the company’s annual return date and, must be filed at the Department of the Registrar of Companies within twenty-eight (28) days from its drafting date.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   From 2014 onwards, you can submit an annual return ( form HE32I ) for a private company with share capital, only through the e-filing system of the Registrar of Companies.

3. Register and annually confirm the beneficial owners
   31 December · from the registry
   How, cost and sources

   Where

   Register of Beneficial Owners e-system of the Registrar of Companies

   Steps

   1. Identify each natural person holding more than 25% of the shares or voting rights, directly or indirectly
   2. Obtain access to the BO e-system through the company's own officer
   3. File each beneficial owner's details within 90 days of incorporation
   4. File any change within 45 days of it coming to the company's attention
   5. Confirm the details electronically between 1 October and 31 December each year

   Done when

   The BO register shows the entity's beneficial owners and the year's confirmation is recorded.

   If missed

   A fine of EUR 100 plus EUR 50 for each day the violation continues, up to EUR 5,000, for which a director or manager is jointly and severally liable.

   Who

   The filing may be made only by the entity's own official or partner, not by a service provider acting for it; a director or the secretary qualifies as an officer.

   Official companies.gov.cy read 31 Oct 2026

   Quote (2)

   According to the Directive of the Registrar of Companies ( K.Δ.Π 112/2021 as amended and in force ), every legal entity (e.g. company, partnership) has an obligation to submit the details of its beneficial owners to the register.

   The details of BO may be submitted to the register by the entity’s own official/partner and not by a person acting on its behalf (e.g. a service provider), unless he/she is an official/partner in that entity.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   All new companies or other legal entities must, no later than ninety (90) days from the date of their registration/incorporation, file electronically onto the BO Register, all information in respect of each of their beneficial owner/s.

4. Have the annual financial statements audited by a licensed auditorNeeds a licensed auditor
   How, cost and sources

   Where

   Appointment of a licensed statutory auditor at the annual general meeting

   Steps

   1. Appoint a licensed auditor at the annual general meeting to hold office until the next one
   2. Give the auditor the financial statements and the directors' report
   3. Obtain the auditor's report on the statements
   4. Attach the report to the statements filed with the annual return and the tax return

   Done when

   A signed auditor's report is attached to the financial statements filed with the Registrar and the Tax Department.

   If missed

   Financial statements and a directors' report that have not been audited as required are deemed not to have been published.

   Who

   Only a person licensed under the Auditors and Statutory Audits Law may be appointed as auditor; a director cannot sign the audit report.

   Official cylaw.org read 31 Oct 2026

   Quote (3)

   152Α(1)(α) Οι ακόλουθες εταιρείες υποβάλλουν, σύμφωνα με τις διατάξεις του περί Ελεγκτών και Υποχρεωτικών Ελέγχων των Ετήσιων και των Ενοποιημένων Λογαριασμών Νόμου, τις οικονομικές τους καταστάσεις και, όπου απαιτείται η ετοιμασία τους σύμφωνα με τον παρόντα Νόμο, τις ενοποιημένες οικονομικές τους καταστάσεις σε έλεγχο από έναν ή περισσότερους νόμιμους ελεγκτές ή ελεγκτικά γραφεία:- (i) κάθε εταιρεία, η οποία υποχρεούται από τον παρόντα Νόμο να καταρτίσει ενοποιημένες οικονομικές καταστάσεις, (ii) κάθε οντότητα δημοσίου συμφέροντος, (iii) κάθε ιδιωτική εταιρεία περιορισμένης ευθύνης, (iv) κάθε δημόσια εταιρεία περιορισμένης ευθύνης.

   (δ) Οι προβλεπόμενες στην υποπαράγραφο (iii) της παραγράφου (α) του εδαφίου (1) εταιρείες, αντί του ελέγχου, δύνανται να υποβάλλουν τις οικονομικές τους καταστάσεις σε επισκόπηση από νόμιμο ελεγκτή ή νόμιμο ελεγκτικό γραφείο κατά την έννοια του περί Ελεγκτών Νόμου, νοουμένου ότι το καθαρό ύψος κύκλου εργασιών και το σύνολο ισολογισμού τους, ήτοι η συνολική αξία των στοιχείων ενεργητικού χωρίς να έχουν αφαιρεθεί στοιχεία του παθητικού, δεν υπερβαίνουν τα όρια των τρακοσίων χιλιάδων ευρώ (€300.000) και των πεντακοσίων χιλιάδων ευρώ (€500.000), αντίστοιχα, κατά την ημερομηνία κλεισίματος του ισολογισμού της εταιρείας: Νοείται ότι, οι εταιρείες δύνανται να υποβάλλουν τις οικονομικές τους καταστάσεις σε επισκόπηση μόνο στις περιπτώσεις που κατά την ημερομηνία κλεισίματος του ισολογισμού, δεν υπερβαίνουν ή παύουν να υπερβαίνουν τα όρια των δύο κριτηρίων που αναφέρονται στην παρούσα παράγραφο, επί δύο τουλάχιστον συνεχείς χρήσεις: Νοείται περαιτέρω ότι, για τους σκοπούς της παρούσας παραγράφου, το καθαρό ύψος του κύκλου εργασιών περιλαμβάνει το καθαρό ύψος του κύκλου εργασιών όπως ορίζεται στις διατάξεις του παρόντος Νόμου, καθώς και τα εισοδήματα από ενοίκια, τόκους, μερίσματα και δικαιώματα εκμετάλλευσης.

   (β) «εταιρείες μικρού μεγέθους» είναι οι εταιρείες οι οποίες κατά την ημερομηνία κλεισίματος του ισολογισμού δεν υπερβαίνουν τα όρια τουλάχιστον των δύο από τα ακόλουθα τρία κριτήρια: (i) σύνολο ισολογισμού (συνολική αξία των στοιχείων ενεργητικού χωρίς να έχουν αφαιρεθεί στοιχεία του παθητικού): €5.000.000 (πέντε εκατομμύρια ευρώ), (ii) καθαρό ύψος κύκλου εργασιών €10.000.000 (δέκα εκατομμύρια ευρώ), και (iii) μέσος όρος απασχολουμένων κατά τη διάρκεια της χρήσης: 50 .

5. Hold the annual general meeting
   15 months after the previous annual general meeting
   How, cost and sources

   Where

   Notice of meeting and the meeting itself, convened by the directors

   Steps

   1. Fix the date so that no more than 15 months pass between meetings
   2. Send notice of at least 21 days to the members
   3. Lay the financial statements before the meeting for approval
   4. Appoint or re-appoint the auditor
   5. Record the resolutions and file any that require filing

   Done when

   The minutes record the meeting and the resolutions passed at it.

   If missed

   Failure to hold the meeting makes the company and every officer in default liable to a fine of up to EUR 427.

   Who

   The directors convene the meeting and the members pass the resolutions; no professional is required.

   Official companies.gov.cy read 31 Oct 2026

   Quote (3)

   Every company shall in each year hold a general meeting as its annual general meeting in addition to any other meetings in that year, and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next

   so long as a company holds its first annual general meeting within eighteen months of its incorporation, it need not hold it in the year of its incorporation or in the following year

   the company and every officer of the company who is in default shall be liable to a fine not exceeding four hundred twenty seven euros

6. Obtain and renew the municipal licence for the business premises
   Each year on the anniversary of grant of premises licence

   Only if: Any company using a building or premises for a business activity in a municipality or community; the licence is valid for six months or one year and is renewed by repeating the application.

   How, cost and sources

   Where

   Application for a licence of use of premises for professional activity, to the municipal or community council

   Steps

   1. Obtain a building permit for the specific use and a certificate of approval for the premises
   2. Submit the application to the council or through EKE Cyprus
   3. Admit the on-site inspection by the council's inspectors
   4. Pay the fees set for the type of premises on approval
   5. Re-apply before the six-month or one-year term expires

   Done when

   The council issues the licence for the premises, which states its period of validity.

   Who

   The company applies itself, either through the one-stop shop (EKE Cyprus) or directly to the municipal or community council.

   Official businessincyprus.gov.cy read 31 Oct 2026

   Quote (3)

   απαιτείται η εξασφάλιση άδειας χρήσης του υποστατικού για επαγγελματική δραστηριότητα από το οικείο Συμβούλιο του Δήμου ή της Κοινότητας εντός των ορίων των οποίων θα πραγματοποιηθεί η δραστηριότητα.

   Η άδεια ισχύει για περίοδο έξι μηνών ή ενός έτους. Η ανανέωση της άδειας γίνεται ακολουθώντας την ίδια διαδικασία όπως περιγράφηκε παραπάνω.

   Με την έγκριση, ο αιτητής θα πρέπει να καταβάλει τα σχετικά τέλη, ανάλογα με το είδος του υποστατικού

7. File the corporate income tax return (form TD4)
   15 months after the end of the accounting period · from the tax calendar
   How, cost and sources

   Where

   Tax Department online return (Tax For All / TAXISnet)

   Steps

   1. Register the company with the Tax Department and obtain a tax number
   2. Prepare the audited financial statements for the tax year
   3. Complete form TD4 from the statements
   4. Submit the return and the statements through the Tax Department's online service

   Done when

   The Tax Department accepts the return and issues a submission receipt.

   Who

   A director may submit the return through the Tax Department's online service; the law does not require a tax agent. The return is filed with the audited financial statements, which only a licensed auditor can sign.

   Official gov.cy read 31 Oct 2026

   Quote (2)

   2026-03-31 Προθεσμία υποβολής Δήλωσης Εισοδήματος Εταιρείας (ΤΦ4) και Ατόμου με λογαριασμούς (ΤΦ1Λογ) για το έτος 2024

   15 μήνες μετά το τέλος του έτους αναφοράς

   Official companies.gov.cy read 31 Oct 2026

   Quote

   Every company is obliged, within sixty (60) days from the date of its incorporation, to apply for Taxpayer’s registration with the Tax Department and to obtain a tax number.

8. Pay the self-assessed corporate tax
   1 August · from the tax calendar
   How, cost and sources

   Where

   Tax Department self-assessment and online payment

   Steps

   1. Compute the tax due for the year from the audited statements
   2. Submit the self-assessment by 1 August after the reference year
   3. Pay the balance through the Tax Department's online service

   Done when

   The Tax Department records the payment against the company's tax number.

   Who

   The company pays through the Tax Department's online service; no agent is required by law.

   Official gov.cy read 31 Oct 2026

   Quote (2)

   2026-08-01 Προθεσμία υποβολής Αυτοφορολογίας Φόρου Εισοδήματος Εταιρικού Φόρου για το έτος 2025

   1η Αυγούστου μετά το έτος αναφοράς

9. Pay provisional tax in two instalments
   31 July · from the tax calendar
   How, cost and sources

   Where

   Tax Department provisional tax calculation and online payment

   Steps

   1. Estimate the year's taxable profit
   2. Submit the provisional tax calculation by the end of July
   3. Pay the first instalment with the calculation
   4. Pay the second instalment by the end of December

   Done when

   Both instalments are recorded against the company's tax number.

   Who

   The company submits the provisional calculation and pays through the Tax Department's online service.

   Official gov.cy read 31 Oct 2026

   Quote (2)

   2026-07-31 Υποβολή υπολογισμού προσωρινής φορολογίας και πληρωμή της πρώτης (από δύο) δόσεις προσωρινού φόρου για Νομικά Πρόσωπα και Φυσικά πρόσωπα που υποβάλλουν εξελεγμένους λογαριασμούς ή είναι μισθωτοί με εισοδήματα και από άλλες πηγές για το 2025 Τέλος Ιουλίου εντός του τρέχοντος έτους

   2026-12-31 Υποβολή υπολογισμού προσωρινής φορολογίας και πληρωμή της δεύτερης (από δύο) δόσεις προσωρινού φόρου για Νομικά Πρόσωπα και Φυσικά πρόσωπα που υποβάλλουν εξελεγμένους λογαριασμούς ή είναι μισθωτοί με εισοδήματα και από άλλες πηγές για το 2025 Θα δοθεί παράταση Τέλος Δεκεμβρίου εντός του τρέχοντος έτους

10. File and pay the quarterly VAT return
    Day 10 of the following month · from the tax calendar

    Only if: Once registered for VAT.

    How, cost and sources

    Where

    VAT return and payment through the Tax Department's online service (Tax For All)

    Steps

    1. Record output and input VAT for the quarter
    2. Complete the VAT return for the quarter
    3. Submit the return and pay the tax by the 10th day of the second month after the quarter
    4. Keep the submission receipt

    Done when

    The Tax Department accepts the return and records the payment.

    If missed

    A return not received by the last day for filing attracts an administrative charge of EUR 100 (s.45(2) of the VAT Law); VAT declared on a return but not paid by that day attracts additional tax of 10% of the VAT due (s.45(3)).

    Who

    The company files and pays through the Tax Department's online service; no agent is required by law.

    Official gov.cy read 31 Oct 2026

    Quote (2)

    2026-02-10 Προθεσμία Υποβολής Δήλωσης και Πληρωμής Φ.Π.Α. για την τριμηνία Οκτωβρίου – Δεκεμβρίου 2025

    2026-01-10 Προθεσμία Υποβολής Δήλωσης και Πληρωμής Φ.Π.Α. για την τριμηνία Σεπτεμβρίου – Νοέμβριου 2025

    Official gov.cy read 31 Oct 2026

    Quote

    Υποχρέωση υποβολής φορολογικής δήλωσης μέχρι τη 10η μέρα μετά το τέλος του μήνα που ακολουθεί το τέλος της φορολογικής περιόδου

11. Report PAYE and pay social insurance contributions monthly
    1 month after the end of the month · from the tax calendar

    Only if: Every employer with at least one employee.

    How, cost and sources

    Where

    Monthly PAYE declaration to the Tax Department and monthly contribution payment to the Social Insurance Services

    Steps

    1. Withhold income tax and contributions from each month's payroll
    2. File the monthly PAYE declaration by the end of the following month
    3. Pay the PAYE and the employer's and employee's social insurance contributions
    4. Pay the Central Holiday Fund, Redundancy Fund, Human Resource Development Fund and Social Cohesion Fund contributions with the social insurance
    5. File the annual PAYE return after the year end

    Done when

    The Tax Department and the Social Insurance Services record the month's declaration and payment.

    If missed

    Late payment of social insurance contributions carries an additional charge: 3% for the first month of delay, rising by 3 points for each further month, to a maximum of 27%.

    Who

    The employer files the monthly PAYE declaration and pays contributions through the authorities' online services; no agent is required by law.

    Official gov.cy read 31 Oct 2026

    Quote (2)

    Προθεσμία Υποβολής Δήλωσης PAYE για τον Νοέμβριο 2025

    Τέλος του μήνα που ακολουθεί τον μήνα παρακράτησης.

    Official mlsi.gov.cy read 31 Oct 2026

    Quote

    The employer is liable to pay contributions to the previously mentioned Funds by the end of the calendar month which follows the month for which contributions are due.

12. Pay the municipal fees for the business premises
    Each year on the anniversary of grant of premises licence

    Only if: Any company occupying premises within a municipality or community; the fee is set for the type of premises and is paid on approval of the premises licence.

    How, cost and sources

    Where

    Payment of the council's fees for the type of premises, on approval of the licence

    Steps

    1. Apply for the premises licence
    2. Pay the fees set for the type of premises when the licence is approved
    3. Pay again on each renewal

    Done when

    The council issues the licence against payment of its fees.

    Who

    The company pays the council directly; the manner of payment is set by each council.

    Official businessincyprus.gov.cy read 31 Oct 2026

    Quote (3)

    Με την έγκριση, ο αιτητής θα πρέπει να καταβάλει τα σχετικά τέλη, ανάλογα με το είδος του υποστατικού

    Ο τρόπος πληρωμής εξαρτάται από τον οικείο Δήμο ή το Κοινοτικό Συμβούλιο.

    Η άδεια ισχύει για περίοδο έξι μηνών ή ενός έτους.

Each quarter or month 2

1. Use the One Stop Shop for VAT on cross-border consumer sales
   1 month after the end of the quarter

   Only if: Distance sales of goods to consumers in another EU member state above the annual EUR 10,000 cross-border threshold, or distance sales of imported goods of an intrinsic value up to EUR 150 declared through IOSS.

   How, cost and sources

   Where

   One Stop Shop (Monοαπευθυντική Θυρίδα) of the Tax Department

   Steps

   1. If opting into OSS, register for the Union scheme in Cyprus as the Member State of identification
   2. Otherwise register for VAT in each Member State of consumption once the EUR 10,000 threshold is passed
   3. Record the VAT due in each member state of consumption for the period
   4. File the OSS return by the last day of the month after the quarter
   5. Pay the total VAT through the OSS portal

   Done when

   The OSS return is accepted and the payment is recorded.

   Who

   Above EUR 10,000 of cross-border B2C distance sales of goods a year, the VAT of the customer's Member State is due. The company may register for VAT in each such Member State, or may opt into the Union OSS with Cyprus as the Member State of identification; the OSS is optional, and the non-Union scheme is not open to a business established in the EU.

   Official gov.cy read 31 Oct 2026

   Quote (2)

   Προθεσμία Υποβολής Δήλωσης και Πληρωμής για το Ενωσιακό Καθεστώς (Union Scheme) και για το Μη Ενωσιακό Καθεστώς (Non-Union Scheme), στην Μονοαπευθυντική Θυρίδα (OSS) για την τριμηνία Οκτωβρίου – Δεκεμβρίου (4η τριμηνία) 2025

   Προθεσμία Υποβολής Δήλωσης και Πληρωμής για το Καθεστώς Εισαγωγής στην Μονοαπευθυντική Θυρίδα (IOSS) για τον Δεκέμβριο 2025

   Official vat-one-stop-shop.ec.europa.eu read 31 Oct 2026

   Quote

   An annual EUR 10 000 turnover threshold for cross-border supplies of B2C TBE services has been introduced on 1 January 2019, up to which the place of supply of such services remains in the Member State where the supplier is established, has his permanent address or usually resides. As from 1 July 2021, this threshold also covers intra-Community distance sales of goods whose transport/dispatch has started in the Member State in which the supplier is established.

2. Charge VAT on digital services sold to consumers abroad through the OSS
   1 month after the end of the quarter

   Only if: Cross-border B2C supplies of telecommunications, broadcasting and electronically supplied services above the annual EUR 10,000 threshold; below it the place of supply stays in Cyprus and the supplies go in the domestic return. The threshold is written for a supplier established in a Member State; a supplier outside the EU has no threshold. Use of the OSS is optional.

   How, cost and sources

   Where

   Union OSS (non-Union OSS for a supplier not established in the EU) through the Tax Department

   Steps

   1. If opting into the OSS, register for the Union scheme in Cyprus as the Member State of identification
   2. Record B2C digital supplies by member state of consumption each quarter
   3. File the OSS return by the last day of the month after the quarter
   4. Pay the VAT declared through the OSS

   Done when

   The OSS return is accepted and the VAT is transmitted to the member states of consumption.

   Who

   The company may register in Cyprus, where it is established, as the Member State of identification and file the return itself; the scheme is optional, and without it the VAT is accounted for by registering in each Member State of consumption. A supplier not established in the EU has no EUR 10,000 threshold and the non-Union scheme is the route written for it.

   Official vat-one-stop-shop.ec.europa.eu read 31 Oct 2026

   Quote (3)

   An annual EUR 10 000 turnover threshold for cross-border supplies of B2C TBE services has been introduced on 1 January 2019, up to which the place of supply of such services remains in the Member State where the supplier is established, has his permanent address or usually resides.

   The VAT return is submitted quarterly in the non-Union and in the Union scheme and monthly in the import scheme.

   A taxable person who opts to use one of the OSS schemes is only required to register in one single Member State, the Member State of identification

Thresholds to watch 1

1. Register for VAT on crossing the turnover threshold

   Only if: Taxable supplies of goods or services over EUR 15,600 in the last twelve consecutive months, or expected to exceed EUR 15,600 in the next thirty days.

   How, cost and sources

   Where

   VAT registration with the Tax Department (supplementary registration form)

   Steps

   1. Monitor taxable supplies over a rolling twelve months
   2. Register with the Tax Department and obtain a tax number
   3. Submit the supplementary form for VAT registration
   4. Receive the VAT registration number and start charging VAT

   Done when

   The Tax Department issues the company's VAT registration number.

   Who

   The company submits the VAT registration itself through the Tax Department's online service.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   that has made taxable supplies of goods and services within the last twelve (12) consecutive months or will be making such taxable supplies of goods and services over the amount of €15.600 in the next thirty (30) days, is required to submit a supplementary form for VAT Registration.

   Official gov.cy read 31 Oct 2026

   Quote (2)

   Υποχρέωση εγγραφής στις περιπτώσεις κατά τις οποίες πραγματοποιεί (α) φορολογητέες συναλλαγές και ξεπεράσει το όριο εγγραφής (€15.600)

   Υποχρέωση γνωστοποίησης της υποχρέωσης εγγραφής εντός 30 ημερών από την ημερομηνία που δημιουργήθηκε η υποχρέωση εγγραφής

When something changes 1

1. Notify the Registrar of changes of officers, address and shares
   How, cost and sources

   Where

   Forms HE2, HE4, HE57 and HE12 through the e-filing system or by hand/post

   Steps

   1. Complete form HE4 for a change of directors or secretary
   2. Complete form HE2 for a change of registered office
   3. Complete form HE57 for a transfer of shares
   4. Complete form HE12 for an allotment of shares
   5. Attach the secretary's declaration and pay EUR 20 per filing

   Done when

   The Registrar's register shows the change and the company holds the filing receipt or certified copy.

   Cost

   EUR 20 · EUR 20 per notification, plus EUR 20 for the accelerated procedure.

   If missed

   A late filing fee of EUR 50 on the first day plus EUR 1 a day, up to EUR 250, for each late notification.

   Who

   The company files the forms itself, through the e-filing system or by hand/post, with the secretary's declaration; no professional is required.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   A company must notify the Registrar of Companies of any changes regarding its officers or their personal details by submitting (form HE4) within fourteen (14) days from the date of the change.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   is obliged to notify, accordingly, the Registrar of Companies by submitting form HE2 within fourteen (14) days from the change.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   A private company must submit to the Registrar of Companies notification of the transfer of shares or of changes to their details ( form HE57 ), within fourteen (14) days from the date of change.

At all times 5

1. Keep the company's registers of members, directors and charges
   How, cost and sources

   Where

   The company's own statutory books, kept at the registered office

   Steps

   1. Open a register of members recording each member's name, address, shares and amount paid
   2. Open a register of directors and secretaries with each officer's particulars
   3. Open a register of charges and a book of mortgages
   4. Record every change in the registers as it happens
   5. Notify the Registrar of the place where the register of members is kept

   Done when

   The registers at the registered office reflect the company's current members, officers and charges.

   If missed

   A company that fails to deliver to the Registrar the particulars of a charge, or of a mortgage, for registration or recording within the time limit, and every officer of the company responsible for the omission, is liable to a fine of GBP 250 (EUR 427 in the Registrar's English translation).

   Who

   The directors and the secretary keep the registers at the registered office; no professional is required.

   Official companies.gov.cy read 31 Oct 2026

   Quote (3)

   Every company shall keep a register of its members and enter therein the following particulars

   Every company shall keep at its registered office a register of its directors and secretaries.

   Every company shall keep at the registered office of the company a register of charges

2. Maintain a registered office in Cyprus and notify any change
   How, cost and sources

   Where

   Form HE2 through the e-filing system or by hand/post

   Steps

   1. Maintain an address in the Republic to which notices can be sent
   2. Complete form HE2 for any change of address
   3. Attach the secretary's declaration that the change matches the company's register
   4. Submit within 14 days of the change and pay EUR 20

   Done when

   The Registrar's register shows the new registered office address.

   Cost

   EUR 20 · EUR 20, plus EUR 20 for the accelerated procedure.

   If missed

   A late filing fee of EUR 50 on the first day plus EUR 1 a day, up to EUR 250.

   Who

   The company itself keeps the office and files form HE2; no professional is required.

   Official companies.gov.cy read 31 Oct 2026

   Quote (3)

   Every company must maintain a registered office in the Republic of Cyprus, where all notifications and notices required by law can be sent.

   is obliged to notify, accordingly, the Registrar of Companies by submitting form HE2 within fourteen (14) days from the change.

   the fee of twenty euros (€20) and, an additional fee of twenty euros (€20) in case an accelerated procedure is required

3. Hold employer's liability insurance for employees

   Only if: Every employer of at least one employee.

   How, cost and sources

   Where

   Employer's liability insurance policy under the Employer's Liability (Compulsory Insurance) Law

   Steps

   1. Take out an employer's liability policy covering employees against accidents at work
   2. Keep the policy in force for as long as employees are employed
   3. Produce the policy to the Department of Labour Inspection on inspection

   Done when

   A policy is in force and can be produced on inspection.

   If missed

   An employer who fails to insure under the law commits an offence and on conviction is liable to imprisonment of up to twelve months or to a fine of up to EUR 5,000, or to both.

   Who

   The employer takes out the policy with an insurer; no professional is required by law.

   Official mlsi.gov.cy read 31 Oct 2026

   Quote

   The Employer's Liability (Compulsory Insurance) Law of 1989 (Law 174/1989)

   Official cylaw.org read 31 Oct 2026

   Quote

   Εργοδότης που παραλείπει να ασφαλιστεί σύμφωνα με τις διατάξεις του παρόντος Νόμου, διαπράττει αδίκημα και σε περίπτωση καταδίκης υπόκειται σε φυλάκιση για διάστημα που δε θα υπερβαίνει τους δώδεκα μήνες ή σε χρηματική ποινή που δε θα υπερβαίνει τις πέντε χιλιάδες ευρώ (€5.000,00) ή και στις δύο ποινές.

4. Keep the books of account for six years
   Keep for 6 years
   How, cost and sources

   Where

   The company's own books of account, at the registered office or such other place as the directors think fit

   Steps

   1. Keep books recording all sums received and spent, all sales and purchases, and the assets and liabilities
   2. Keep the supporting documents, including contracts and invoices
   3. Retain them for six years after the end of the calendar year they relate to
   4. Keep them open to inspection by the directors

   Done when

   The books and supporting documents for the year can be produced.

   If missed

   A director who fails to take all reasonable steps to secure compliance commits a criminal offence and is liable to imprisonment of up to one year, a fine of up to EUR 1,708, or both.

   Who

   The directors must secure compliance; the duty is theirs, and no professional is required to keep or hold the books.

   Official companies.gov.cy read 31 Oct 2026

   Quote (2)

   The books of account and records shall be kept at the registered office of the company or at such other place as the directors think fit, for a period of six (6) years after the end of the calendar year to which these refer to

   If a director of a company fails to take all reasonable steps to secure compliance with the provisions of this section, he shall commit a criminal offence and on conviction thereof be liable to imprisonment not exceeding one year or to a fine not exceeding one thousand, seven hundred and eight euros or to both such imprisonment and fine

   Official companies.gov.cy read 31 Oct 2026

   Quote

   The directors of the company are responsible for keeping proper books of account and records on the basis of which the company's financial statements are prepared.

5. Appoint and keep one company secretary
   How, cost and sources

   Where

   Appointment recorded in the register of directors and secretaries and notified on form HE4 through the Registrar's e-filing system or by hand/post

   Steps

   1. Appoint one secretary, who may be a second director or any other person
   2. Do not appoint the sole director, unless the company has one and only one member
   3. Enter the secretary's particulars in the register of directors and secretaries kept at the registered office
   4. Complete form HE4 for the appointment or for any later change of secretary
   5. Attach the secretary's declaration that the entries match the company's register
   6. Submit through the e-filing system or by hand/post within 14 days of the change
   7. Pay the fee of EUR 20, plus EUR 20 for the accelerated procedure

   Done when

   The secretary's particulars appear in the company's register of directors and secretaries and in the Registrar's register.

   Cost

   EUR 20 · The HE4 filing fee of EUR 20, plus EUR 20 for the accelerated procedure.

   If missed

   Failing to notify the appointment or a change of secretary within 14 days allows the Registrar to impose a late filing fee of EUR 50 on the first day plus EUR 1 a day, up to EUR 250.

   Who

   Every company must have a secretary (s.171(1)); the sole director may not also be secretary, except in a single-member private company. The secretary may be a director or any other person, so no professional is required.

   Official cylaw.org read 31 Oct 2026

   Quote

   171.-(1) Κάθε εταιρεία πρέπει να έχει ένα γραμματέα και ο μόνος σύμβουλος δεν δύναται να είναι επίσης γραμματέας: Νοείται ότι σε περίπτωση ιδιωτικής εταιρείας περιορισμένης ευθύνης με ένα και μοναδικό μέλος, ο μόνος σύμβουλος δύναται να είναι επίσης γραμματέας.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   A company must have only one secretary.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   Every company shall keep at its registered office a register of its directors and secretaries.

Once, at the start 2

1. Register as an employer with the Social Insurance Services
   At the time of before the first employee starts work

   Only if: Before the first employee starts work.

   How, cost and sources

   Where

   Application for Registration of Employer (form SIS 1-001)

   Steps

   1. Complete form SIS 1-001
   2. Submit it to a Social Insurance District Office or Citizen Service Centre
   3. Receive the employer's register number
   4. Register separately for each district or activity
   5. Declare each newly hired employee on form SIS 1-003 at a District Office or Citizen Service Centre

   Done when

   The Social Insurance Services issue the employer's register number.

   Who

   The employer applies in writing on form SIS 1-001 at any Social Insurance District Office or Citizen Service Centre.

   Official mlsi.gov.cy read 31 Oct 2026

   Quote (2)

   Κάθε εργοδότης είναι υποχρεωμένος να εγγραφεί στο Μητρώο Εργοδοτών των Υπηρεσιών Κοινωνικών Ασφαλίσεων.

   Μετά την εγγραφή, κοινοποιείται στον εργοδότη ο αριθμός μητρώου του

   Official mlsi.gov.cy read 31 Oct 2026

   Quote

   Each employer has to register with the Employers’ Register of the Social Insurance Services by applying in writing using the “Application for Registration of Employer” (Form SIS 1-001) and submitting it to any Social Insurance District Office or Citizen Service Centre.

2. First accounting period and the first annual return
   How, cost and sources

   Where

   Registrar of Companies e-filing system (first annual return HE32I with the financial statements attached)

   Steps

   1. Choose the first financial year end, no later than the annual return date 18 months after incorporation
   2. Prepare the financial statements for the period from incorporation to that date
   3. Obtain the licensed auditor's report and have the board approve the statements
   4. Draft the first annual return up to the annual return date
   5. File the return with the statements within 28 days of the drafting date
   6. Pay the EUR 20 filing fee

   Done when

   The Registrar's register shows the first annual return and its statements; the next annual return date is one year after the drafting date.

   Cost

   EUR 20 · The first annual return carries the same EUR 20 filing fee as later ones.

   If missed

   A late first annual return attracts the late filing fee of EUR 50 on the first day plus EUR 1 a day, up to EUR 150; failure to file the returns and statements can lead to strike-off.

   Who

   The directors choose the year end, prepare the statements and file the first return through the Registrar's e-filing system; the audit report filed with them can only be signed by a licensed auditor (statutory_audit).

   Official companies.gov.cy read 31 Oct 2026

   Quote

   In the case of a new company, the drafting date of the annual return is the day following the expiry of the period of eighteen (18) months from the date of the incorporation of the company.

   Official companies.gov.cy read 31 Oct 2026

   Quote

   The annual return must be accompanied by the financial statements relating to the previous financial year and, must be certified by a director and the company’s secretary, together with payment of the appropriate fee

   Official companies.gov.cy read 31 Oct 2026

   Quote

   The fee for the filing of the annual return amounts to: twenty euros (€20)

General information, not advice: what the law and the authorities state, for the default case.

Standard rate

19%

Official European Commission, Taxes in Europe Database situation on 2026-01-01

Other rates

• 9% Passenger transport by urban, interurban and rural taxi and by tourist and interurban buses, restaurant and catering services, hotel and similar tourist accommodation, and goods and services supplied by care homes
• 5% Coffins, fertilisers, insecticides, animal feed and seeds, live animals for food production, water, food and drink other than alcoholic drinks, beer, wine and soft drinks, bottled gas, medicines and vaccines, contraceptives, medical equipment for disabled persons, and child car seats

Official gov.cy read 22 Oct 2026

Quote

Μειωμένος συντελεστής (9%) Μεταφορά επιβατών με αστικά, υπεραστικά και αγροτικά ταξί καθώς και τουριστικά και υπεραστικά λεωφορεία Υπηρεσιες εστιατορίου και εστίασης Διαμονή σε ξενοδοχεία, τουριστικά καταλύματα και παρόμοιους χώρους

Registration threshold

EUR 15,600

taxable transactions at the standard, reduced or zero rate; capital assets are excluded; one-year period ending at the end of any month, or the next 30 days

Official gov.cy read 22 Oct 2026

Quote

Στο τέλος οποιουδήποτε μήνα, αν το πρόσωπο είναι εγκατεστημένο στην Κυπριακή Δημοκρατία και η αξία των φορολογητέων συναλλαγών του κατά την περίοδο ενός έτους που τελειώνει σε αυτό το χρονικό σημείο έχει υπερβεί τις €15.600.

Voluntary registration

Yes

A trader whose taxable supplies are below the registration limits may apply to register, and a person intending to make taxable transactions may register as an intending trader.

Official gov.cy read 22 Oct 2026

Quote

Αν ένας επιχειρηματίας πραγματοποιεί φορολογητέες παραδόσεις αγαθών ή / και παροχές υπηρεσιών, η αξία των οποίων δεν υπερβαίνει τα όρια εγγραφής, δικαιούται να υποβάλει αίτηση για εγγραφή στο Μητρώο Φ.Π.Α.

A foreign company

Registers from its first taxable supply

The €15,600 turnover test is framed for a person established in Cyprus; a person making taxable transactions there must register, and the threshold is not applied to a business established abroad, which registers from its first taxable transaction. The Tax Department's registration guidance and FAQ read name no representative requirement, so that answer is left unrecorded.

Official gov.cy read 22 Oct 2026

Quote

Στο τέλος οποιουδήποτε μήνα, αν το πρόσωπο είναι εγκατεστημένο στην Κυπριακή Δημοκρατία και η αξία των φορολογητέων συναλλαγών του κατά την περίοδο ενός έτους που τελειώνει σε αυτό το χρονικό σημείο έχει υπερβεί τις €15.600.

Returns filed

Quarterly

Official gov.cy read 22 Oct 2026

Quote

Οι Δηλώσεις ΦΠΑ αφορούν συνήθως τριμηνιαίες φορολογικές περιόδους, όπως αυτές καθορίζονται, κατά την εγγραφή στο Μητρώο ΦΠΑ, με βάση τoν Κώδικα Επιχειρηματικής Δραστηριότητας (NACE) της επιχείρησης.

Tax authority

Τμήμα Φορολογίας (Tax Department), Ministry of Finance of Cyprus

Registration page read 2026-10-22

• Business registerDepartment of Registrar of Companies and Intellectual Property
• Tax authorityTax Department of the Ministry of Finance
• Tax treatiesTax Department of Cyprus — Double Taxation Agreements

4 services name Cyprus on their own list: Paysera, Airwallex, Stripe, Revolut. Each provider, and what a listing means.

Kind

Private limited company

Derived our grouping, the same words in every country

Name in law

Ιδιωτική Εταιρεία Περιορισμένης Ευθύνης με μετοχές (private limited company by shares)

ISO 20275 code

K9L6

Secondary GLEIF, Entity Legal Forms code list