Company Registration in Cyprus

Cyprus offers access to EU banking infrastructure and SEPA payments. Typical requirements: • Company incorporation documents • UBO (Ultimate Beneficial Owner) documentation • Proof of business activity • Business plan (especially for crypto/fintech) • Source of funds declaration Process: • Bank compliance review (2–6 weeks average) • Physical presence of director may be required (depends on bank) • Remote onboarding possible in some cases Cyprus banks are conservative but stable. EMI/Fintech alternatives are widely available for international businesses.

For non-residents: • Passport • Proof of address • Source of funds • Tax residency information Opening as a pure non-resident is possible but more challenging. Becoming a Cyprus tax resident significantly simplifies personal banking.

Cyprus follows EU substance standards. For tax residency and treaty access, companies are expected to demonstrate: • Local registered office address • At least one director (local director recommended for stronger substance) • Board meetings held in Cyprus • Local accounting and audit compliance No mandatory local shareholder requirement. Accounting and annual audit required.

Cyprus has an extensive network of 60+ Double Tax Treaties, including: • EU member states • UAE • UK • Russia • China • India • Singapore This allows tax-efficient international structuring and reduced withholding taxes on cross-border payments.