Branch Registration In Cyprus- House Of Companies Services
Expanding your business into Cyprus through branch registration is a strategic move that can open up new opportunities in one of the Mediterranean’s most attractive business hubs. House of Companies specializes in guiding foreign companies through this process, ensuring a smooth and compliant entry into the Cypriot market.
15,544
Companies launched
811
Branch registrations
15+
eBranch options
10+ playbooks
Support included
Understanding Branch Offices In Cyprus
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A branch office in Cyprus is a secondary establishment of a foreign company, operating under the parent company’s name and legal personality. It’s not a separate legal entity but an extension of the parent company in Cypriot territory.
Key Characteristics
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Management Independence: Operates with some autonomy while following parent company directives.
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Financial Responsibility: Profits and debts directly attributed to the parent company.
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No Separate Legal Personality: Acts under the name and on behalf of the parent company.
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Taxation: Subject to Cypriot corporate tax on profits generated in Cyprus.
Advantages of Branch Registration In Cyprus
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​Simplified Structure: Less complex than setting up a subsidiary.
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Lower Initial Costs: No minimum capital requirement.
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Direct Control: The parent company maintains direct control over operations.
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Market Testing: Ideal for testing the Cypriot market before full-scale entry.
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Flexibility: Easier to close or restructure compared to a subsidiary.
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EU Market Access: Cyprus’s EU membership provides access to the European single market.
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Strategic Location: Gateway to European, Middle Eastern, and North African markets.
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Favorable Tax Regime: One of the lowest corporate tax rates in the EU at 12.5%.
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At House of Companies, we offer comprehensive support for your branch registration needs in Cyprus. Our services are designed to simplify the process, ensure compliance, and accelerate your market entry.
Our Comprehensive Services
Initial Consultation and Strategy Planning
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Expert Analysis: We assess your business needs and goals.
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Regulatory Overview: Detailed explanation of Cypriot business regulations.
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Strategy Development: Tailored plan for your branch registration.
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Price: €700
Branch Type Determination
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PE vs Non-PE Analysis: Determine whether your branch qualifies as a Permanent Establishment.
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Tax Implication Review: Detailed analysis of tax consequences for each option.
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Compliance Roadmap: Outline of ongoing requirements based on branch type.
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Price: €900
Document Preparation and Translation
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Comprehensive Document Checklist: Customized list of required documents.
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Document Review: Thorough check of all prepared documents.
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Certified Translation: Professional translation of all necessary documents into Greek.
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KYC Assistance: Guidance on preparing Know Your Customer documentation.
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Price: Starting from €1,400 (varies based on document volume and complexity)
Registration Form Completion and Submission
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Form Filling: Accurate completion of all required Department of Registrar of Companies forms.
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Legal Review: Our lawyers review all forms for compliance with Cypriot law.
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Submission Management: We handle the entire submission process to the Registrar.
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Status Tracking: Regular updates on your application status.
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Liaison with Authorities: We communicate with Cypriot authorities on your behalf.
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Price: €1,200
Tax Registration and Compliance Setup
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TIC Obtainment: We manage the process of obtaining your unique Cypriot Tax Identification Code.
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VAT Registration: Assistance with VAT registration if applicable.
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Corporate Tax Guidance: Expert advice on Cypriot corporate tax obligations.
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Tax Calendar Setup: Establishment of a tax compliance calendar.
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Price: €1,400
Bank Account Opening Assistance
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Bank Selection: Recommendations on suitable Cypriot banks for your business.
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Application Support: Assistance with account opening documentation.
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AML Compliance: Guidance on Anti-Money Laundering requirements in Cyprus.
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Price: €800
Ongoing Compliance Support (Annual Service)
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Annual Reporting: Assistance with required annual financial reports.
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Tax Filings: Support for ongoing tax compliance and filings in Cyprus.
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Regulatory Updates: Keep you informed of relevant legal and regulatory changes.
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Compliance Audit: Annual review of your branch’s compliance status.
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Price: Starting from €2,900 per year
Special Offer: Complete Branch Registration Package
For a limited time, we’re offering a comprehensive branch registration package at a discounted rate.
Package Includes:
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All services mentioned above (1-7)
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Dedicated account manager
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Priority processing
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6 months of post-registration support
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Regular Price: €9,300
Special Offer Price: €7,500
Offer valid until February 29, 2025
The Registration Process: Step-by-Step
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Average Timeline: 3-4 weeks from initial consultation to complete registration.
The House of Companies Cyprus Advantage
Expertise: Our team includes Cypriot legal experts, accountants, and business consultants.
Time-Saving: We handle complex paperwork and processes, allowing you to focus on your business.
Cost-Effective: Our services often result in significant time and resource savings.
Ongoing Support: We provide continued support for your Cypriot operations.
Local Knowledge: Deep understanding of Cypriot business culture and practices.
Multilingual Service: Communication available in English, Greek, and several other languages.
Comparison: Branch vs. Subsidiary in Cyprus
Frequently Asked Questions
How long does it take to register a branch in Cyprus?
The registration process typically takes 3-4 weeks when using our professional services, ensuring a smooth and efficient setup from start to finish.
Do I need to appoint a local director for my Cypriot branch?
A: No, appointing a local director is not mandatory. The branch can be fully managed by a representative of the parent company.
What are the main tax implications of opening a branch in Cyprus?
Branches are taxed on profits generated within Cyprus at a corporate tax rate of 12.5%, one of the most competitive rates in the EU (as of 2024).
Can a branch be converted to a subsidiary later?
Yes, a branch can be converted into a subsidiary, but this requires a new registration process and compliance with additional local legal requirements.
Are there any restrictions on the activities a branch can perform in Cyprus?
Generally, branches can conduct the same business activities as their parent company, but some industries may require specific licenses or regulatory approvals.
Get Started Today
Ready to expand your business into Cyprus? Contact House of Companies now to begin your branch registration process. Our experts are ready to guide you through every step, ensuring a smooth and successful entry into the Cypriot market.
Connect with us:
Phone: +33 1 23 45 67 89
Email: info@houseofcompanies.com
Website: www.houseofcompanies.com
Take advantage of our special offer and start your Cypriot business journey today!
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