Payitt
Cyprus

Cyprus

Nicosia

Popular structures and services available.

Top 3 structures

Private Limited
Standard EU company structure
From $2,800
EUR2,800
Completion time: 3-4 weeks
Public Limited
For larger operations and listing
From $4,500
EUR4,500
Completion time: 5-6 weeks
Trust/SPV
Asset holding and estate planning
From $3,500
EUR3,500
Completion time: 4-5 weeks

Setup Process

Estimated Time

Shortest time
6
weeks
Longest time
13
weeks
0
6
12
18
weeks

Comparable offerings

  • EuroSetup
    From $3,100
  • MediterraneanCorp
    From $3,300
  • CypriotBiz
    From $3,000

Client story

"EU access and tax benefits made Cyprus ideal for our tech startup targeting European markets."
Maria K.

Outcomes

EU member status enables seamless trade across the European Union with favorable tax treatment for resident companies.

Good for this type of business

  • Selling to European Union markets
  • Trust structures and estate planning
  • Online tech, blockchain, and intellectual property businesses
  • CS skin trading and digital asset platforms
  • EU market access with tax benefits when resident

Benefits

EU member status for direct market access across 27 countries
Favorable tax regime for resident companies selling in Europe
Strong legal framework for trusts and intellectual property protection

Limitations

Residency requirements for full tax benefits
Banking due diligence can be thorough for certain industries
Limited local market size compared to larger EU economies

Real Estate Development Projects in Nicosia

Nicosia Development Group
Central Business District
Under ConstructionCompletion: Q2 2025
Mediterranean Realty
Residential Towers
PlanningCompletion: Q4 2025
Cyprus Properties
Mixed-Use Complex
ConstructionCompletion: Q3 2025
Nicosia Investment Partners
Luxury Apartments
Pre-LaunchCompletion: Q1 2026
Coastal Skyline
Commercial Plaza
ConstructionCompletion: Q2 2025

Visa Support

Business Visa
Time: 3-4 weeks
$1,200
EUR1,200
Investor Visa
Time: 4-8 weeks
$2,500
EUR2,500
Work Visa
Time: 3-5 weeks
$1,500
EUR1,500

Bank Account Opening

Business Account
Time: 3-5 weeks
$500
EUR500
Documents Required:
  • Company registration
  • Tax ID
  • Directors IDs
  • Business plan
Personal Account
Time: 2-3 weeks
$500
EUR500
Documents Required:
  • Passport
  • Residence proof
  • Income statement

International Schools

The English School
International British
Levels: K-12 | Language: English
American International School
International American
Levels: K-12 | Language: English
Falcon School
International
Levels: K-12 | Language: English

Emergency Support

Medical
+357 22 809000
Nicosia General Hospital
Apollo Hospital
Legal
+357 22 861111
24/7 Legal Aid
Translator Services
Consular
+357 22 867777
Embassy Support
Document Assistance