Thinking about expanding your business to Europe or starting a new venture in a strategic location? Cyprus stands out as one of the most tax-efficient and business-friendly jurisdictions in the EU. This blog post walks you through the timeline you can use to plan resourcing, cash flow and first expenses. Every case is unique, but these are realistic averages we see at Asterisk Corporate Services and which may be applicable to your Cyprus Company Incorporation.
Cyprus Company Incorporation – Step-by-Step Process
Phase | What happens | Who does what | Typical timing |
1. Discovery call | Clarify business model, structure, shareholders, and any licensing/banking needs. | You: share a brief profile. Asterisk: advise best approach & quote. | 0–2 days |
2. KYC & onboarding | Collection of passports/IDs, proof of address, corporate docs (if any), and business profile. | You: send documents. Asterisk: compliance review. | 2–5 days (parallel with Name) |
3. Company name | Name search and reservation with the Registrar of Companies. | Asterisk: file and monitor. | 1–3 days |
4. Incorporation filing | Draft and file Memorandum & Articles; appoint director(s), secretary, shareholder(s). | Asterisk: prepare & submit; You: e‑sign/scan where needed. | 3–5 days |
5. Certificates issued | Registrar issues Certificates of Incorporation/Directors/Shareholders. | Asterisk: deliver to you. | 1–3 days after filing |
6. Tax/VAT/UBO | Register with Tax Dept., VAT (if applicable), and UBO Register. | Asterisk: register; You: confirm trading profile. | 2–5 days |
7. Banking | Prepare the banking pack; submit and attend remote or in‑person KYC if needed. | You & Asterisk: collaborate. | 2–4 weeks (varies by bank/EMI) |
Ready to trade | Company can issue invoices (post‑VAT if applicable) and operate bank/EMI. | You: commence operations. | ~2–5 weeks end‑to‑end |
Good to know: If you choose an EMI (electronic money institution) for early operations, account opening can be faster, while a traditional bank can follow later.
Total it usually takes 3-4 weeks from initial enquiry to the Company incorporation, depending ofcourse on the speed of responses from your side.
You can read more information on Cyprus Company Incorporation here and our visual guide to incorporation here.
Asterisk Corporate Services – Your Trusted Incorporation Partner
Asterisk Corporate services is a regulated/licensed corporate services provider based in Cyprus with many years of experience. We specialize in Cyprus company incorporation, administration, accounting under IFRS, tax compliance, ongoing administration and directorship services. Our bespoke service offerring ensures your company not only gets incorporated quickly but stays fully compliant with all local legal and tax obligations. We do offer competitive fees to get you started in Cyprus.
Ready to Start Your Cyprus Company?
Explore the timeline information above, then contact our team for personalized assistance with your Cyprus company incorporation. Whether you’re planning to trade, hold assets, or optimize tax, Cyprus provides a robust and efficient platform for your business goals.
Disclaimer
This guide is a general information summary. It does not constitute tax, legal or accounting advice and should not be relied upon as such. Specific outcomes depend on your facts, financials and the exact legislative text and any implementing circulars. We suggest obtaining advise from a professional before acting.
