BestFormationAgents

The Best Company Formation Agents in Cyprus

Updated 13 agents evaluated7 listed

Two things changed in Cyprus on 1 January 2026 and a lot of published material has not caught up. Corporate income tax rose from 12.5% to 15%, and stamp duty on formation was abolished. The Registrar's own fee is small, €165 standard or €265 expedited, so the cost of a Cyprus company is almost entirely the professional fee, which runs from about €1,200 to €2,600. These firms are ranked on what they publish and on whether their published material reflects the 2026 rules. How we rank

Rank 01

Koufettas Law

Best overall

Publishes a five-year cost breakdown rather than a formation price.

Updated
Why they’re on this list
  • Publishes the cost across five years rather than year one, which is the only framing that makes a Cyprus company comparable to an Estonian or a Delaware one
  • Uses current 2026 rates, so the numbers reflect the 15% corporate tax rate and the abolition of stamp duty rather than the old 12.5% figures
  • A law firm, which in Cyprus is the normal route: the HE1 form carries a Cyprus Bar Association stamp and lawyers are embedded in the process
  • The five-year framing exposes the annual levy and accounting costs that a formation quote leaves out
EN · EL$$Law firm
Visit website — Koufettas Law
Rank 02

SetupCyprus

Clearest breakdown

A published formation breakdown that separates state fees from professional fees.

Updated
Why they’re on this list
  • Separates the Registrar's €165 from the professional fee, so the agent's own margin is visible rather than folded into one number
  • Publishes the realistic all-in band of roughly €1,500 to €4,000 through a professional provider, which matches what the rest of the market actually charges
  • Covers the bank account opening cost separately at €500 to €1,000, which is a real and frequently omitted line
  • Written as a cost guide rather than a sales page, which makes it usable before you have chosen anyone
EN · EL$$Jurisdiction specialist
Visit website — SetupCyprus
Rank 03

Nexora Cyprus

Most complete fee list

Full fee breakdown including the items most quotes leave out.

Updated
Why they’re on this list
  • Publishes a line-by-line formation fee breakdown rather than a package price
  • Includes the Bar Association stamp on the HE1, which survived the January 2026 abolition of government stamp duty and catches people out
  • Quotes the €49 stamp on a €1,000 share capital, a small figure that illustrates how the stamp scales with capital
  • Useful for checking whether a rival quote has quietly excluded something
EN · EL · RU$$Jurisdiction specialist
Visit website — Nexora Cyprus
Rank 04

Philippou Law Firm

Publishes setup and annual fees together.

Updated
  • Publishes registration cost alongside the annual fees, which is the comparison that matters in a jurisdiction with a recurring levy and a mandatory audit
  • A law firm, so company formation sits next to the corporate and contractual work a Cyprus holding structure usually needs
  • Cyprus companies face a statutory audit regardless of size, and firms that publish annual costs are the ones acknowledging it
  • Pricing is published as guidance, not a fixed quote. Confirm before committing
EN · EL$$Law firm
Visit website — Philippou Law Firm
Rank 05

Easy Corporate

A straightforward fee breakdown aimed at first-time incorporators.

Updated
  • Publishes a plain breakdown of what setting up a Cyprus company costs, pitched at people who have not done it before
  • States the combined HE1, HE2 and HE3 Registrar fee at €165 standard and €265 expedited, which is the figure to check any quote against
  • Less depth on the ongoing obligations than the firms above it here
  • Reasonable starting point, but get the annual accounting and audit figures before choosing on formation cost
EN · EL$$Jurisdiction specialist
Visit website — Easy Corporate
Ranks 06–07
Rank 06

Rightax

Tax-led, and current on the 2026 rate change.

Website — Rightax
Rank 07

Cyprus Tax Life

Publishes both the formation cost and the current tax position.

Website — Cyprus Tax Life

Compare at a glance

RankAgentBest forLanguagesPriceRatingType
01Koufettas LawUnderstanding the real multi-year costEN · EL$$—Rating not verifiedLaw firm
02SetupCyprusComparing quotes against a published baselineEN · EL$$—Rating not verifiedJurisdiction specialist
03Nexora CyprusChecking a quote for omissionsEN · EL · RU$$—Rating not verifiedJurisdiction specialist
04Philippou Law FirmHolding structures needing legal work tooEN · EL$$—Rating not verifiedLaw firm
05Easy CorporateFirst-time incorporatorsEN · EL$$—Rating not verifiedJurisdiction specialist
06RightaxHolding and IP structuresEN · EL$$$—Rating not verifiedAccounting firm
07Cyprus Tax LifeResearch before you choose a firmEN · EL$$—Rating not verifiedJurisdiction specialist

What actually changed in 2026

Two things, and they pull in opposite directions.

Corporate income tax rose from 12.5% to 15% on 1 January 2026, part of the reform aligning Cyprus with the OECD global minimum. That removes the single statistic Cyprus had been sold on for a decade.

At the same time, government stamp duty on company formation was abolished, which makes incorporating marginally cheaper. The Bar Association stamp on the HE1 form survives and still scales with share capital.

The useful part of this is diagnostic. Any Cyprus firm whose website still leads with 12.5% has not revisited its own material in over eight months, on the most significant change to the regime in years.

You are buying professional time

The Registrar charges €165. A realistic all-in cost through a firm is €1,500 to €4,000. That gap is not margin on a filing, it is legal and accounting work, and Cyprus is structured so that you genuinely need it: the HE1 carries a Bar Association stamp, and every company faces a statutory audit no matter how small.

That audit is the number to ask about first. It recurs every year for the life of the company and it is almost never quoted alongside the formation fee, which is why the firms publishing five-year and annual costs rank above the ones publishing a setup price.

The case for Cyprus after the rate rise

At 15% for a plain trading company, Cyprus is now an ordinary EU rate with an above-average compliance burden, and a founder choosing on headline tax alone should look at Estonia's deferral model instead.

The remaining arguments are specific rather than general. The IP Box regime produces an effective rate near 3% on qualifying intellectual property income, which is genuinely low and genuinely hard to replicate. Dividend treatment is favourable for holding structures. The treaty network is wide and it is inside the EU, which matters for VAT, for banking and for clients who will not contract with an offshore entity.

If none of those apply to you, the rate rise is a good moment to ask whether Cyprus was the right answer or just the familiar one.

Frequently asked

No. It rose to 15% with effect from 1 January 2026, as part of a broader reform aligning Cyprus with the OECD global minimum rate. The change applies to every Cyprus company, including one-person consultancies. Any guide, quote or agent still describing Cyprus as a 12.5% jurisdiction is out of date, and that is a useful signal about the rest of their advice.

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Corrections

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This shortlist is independently researched and ranked. We are not paid for placement decisions. If something here is out of date, or we missed an agent operating in Cyprus, tell us. We read everything.

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