I am currently working as a self-employed IT consultant in Germany and plan to relocate my tax residency to Cyprus by summer 2025

Dear Team,

I am currently working as a self-employed IT consultant in Germany and plan to relocate my tax residency to Cyprus by summer 2025. I am looking for a reliable partner to assist me with the formation of a Cyprus Limited company, including Non-Domiciled status registration, tax advisory, accounting, and provision of a registered office.

Could you please provide me with an offer and more detailed information regarding the process and timeline?

Best regards, Client

Dear Client,

Good morning from sunny Cyprus and thank you very much for your email

We would be happy to assist you with your inquiry.

Please find below a breakdown of the requested services, related fees (reduced because this is an internet inquiry), and timeframes:

1) CY Company formation (Ltd): Euros 500,00 + VAT + disbursements (reduced from 900,00) one off. With the speed up process the company will be registered within approximately 2 weeks from the date of submitting the application. This will take place once we gather and conduct our KYC checks, documentation and screenings. Brochures attached with useful information

2) Fiduciary Services: Euros 1500,00 + VAT (reduced from 1800,00) , annual recurring fees (includes: nominee director, company secretary and registered office). Registered office address only: 600,00 Euros + VAT (discounted from 800,00) for the first year of representation.

3) Optional: Bank account set up: Euro 700,00 + VAT (reduced from 1000,00). The bank account opening is something you can do on your own whenever you are in Cyprus however, it is a very time-consuming and tiresome exercise though), one off. If you need more information we can share our brochure.

4) Accounting, Payroll, Audit and Tax: Annual recurring fees. Subject to volume, complexity and ease of communication. Please refer to our website for an indicative annual cost, based on the company's needs. A more accurate offer will be provided at a later stage, once we discuss your tax status and the relevant needs.

5) Non – domicile application: Euro 500,00 + VAT (reduced from 800,00), one off. The Non-Dom Application takes approximately 1-2 months to be examined. Brochure attached with useful information.

6) Residence permit/Yellow Slip: Euro 600 + VAT (yellow slip), one off . This is mandatory to be able to live here for more than 90 days per annum and for employment purposes. This takes approximately 1-2 weeks to be examined.

You can find useful information related to tax and non-dom status on our YouTube channel here: Cyprus Tax & Relocation - YouTube and via our website.  

Please let me know if the above is clear, and if you have any further questions.. If you wish we can set up a call to better facilitate your inquiry. Just let us know your availability and we will arrange it.

We are looking forward to providing our services to you.

Remaining at your disposal.

Kind Regards.