The lowest fees in the market

All fees listed below are both fair and the lowest in the market. We list our fees online as transparency is part of our core values. No hidden fees, no unpleasant surprises.

GENERAL ADVICE – To make a fair comparison between quotes, it is advisable to compare the total annual charge as a package, as opposed to comparing the quote for every individual service separately. Sometimes, service providers have different pricing, and pricing policy for the variety of services they offer. The reason is that professional services are intangible, so there is no cookie-cutter method of pricing.

In this way, the client will have a fair and complete picture of the quote when they make their fee assessment. 

ACCOUNTING SERVICES FEES start from as low as €120 per quarter. If you are a company which issues say only one invoice per month, we cannot charge you more that €120 per quarter. The accounting fees depend on the number of invoices, the nature and complexity of the transactions and the time we need to receive the invoices and all other required documents. Generally, we offer our services usually between the range of €120 up to €1,000 per quarter (€480 to €4,000 per year) depending on the client profile.

For clients with a very high volume of invoices (ie online sales businesses, general e-commerce) we can arrange a batch invoicing scheme, reducing the accounting fees for our clients as much as possible.

Please note that our accounting fees include the VAT declaration filing and also the arrangement for payment of any VAT liability.

AUDIT SERVICES FEES (provided through our partners) – Audit fees start form as low as €700 per year depending on company profile and audit risk. Dormant companies (companies without any commercial activities), bear an audit fee of €480 per year.

PAYROLL SERVICES FEES – For up to 3 employees the cost is €360 per year. For every additional employee we charge €10.

VIES SERVICES FEES (VAT Information Exchange System) – €75 per quarter (€25 each) for the monthly VIES returns filed in the system if your Cyprus-registered company offers intra-EU services.

INCORPORATION SERVICES FEES – For limited companies we charge (through our lawyer partner) €1,200 for a company incorporation with the Registrar of Companies. It is the lowest in the market. It includes one-time company application, preparation of all documents for the formation of the company, signed Memorandum of Association in both Greek and English (if needed), the signed company certificates, and the company stamp.

Real expenses for these services are estimated to be approximately €600.

TRUST FORMATION SERVICES FEES – To provide our potential clients with a competitive quote for the formation of a trust in Cyprus, we will need the information listed below. Because it is a lot of information to discuss and gather, to provide a quote for a trust formation, we will need to proceed with a personal meeting upon arrival in Cyprus.

(a) Purpose and type of the Trust – The intended purpose of establishing the trust (e.g. asset protection, estate planning, family wealth management, charitable activities, holding of shares or property, etc.) Wil it be a Cyprus International Trust (with settlor and beneficiaries non-resident in Cyprus) or a domestic trust (with Cyprus residents involved)?

(b) Parties Involved (we will need the passport, proof of address, source of funds/wealth)

– Settlor: Name, nationality, and country of residence

– Trustee(s): Do you wish our firm or an associated company to act as trustee, or will you appoint another party?

– Beneficiaries: Approximate number, relationship to the settlor, and their country of residence

– Protector: Will a protector be appointed? If so, please provide basic details

(c) Assets and Contributions – We need the type of assets that will be settled in the trust (e.g. shares, bank accounts, immovable property, etc.), their value, and whether the assets are located in Cyprus or abroad.

(d) Required Services 

Please indicate which of the following you may require:

– Drafting of the trust deed and registration of the trust

– Provision of trustee or co-trustee services

– Ongoing administration or compliance services (e.g. annual filings, registry maintenance)

– Bank account opening or assistance with transfer of assets

– Tax or accounting support

(e) Other Particulars

– Desired duration of the trust (fixed term or discretionary).

– Will the structure involve any companies or corporate entities

– Any other specific requirements or objectives you wish to achieve

GOVERNMENT REGISTRATION SERVICES FEES – We charge €450 (One-time fee) for registration to all government platforms, the lowest in the market. (Social insurance, VAT system, VIES system, Registrar of Companies, Income tax system,) for both the company and the shareholders.

IMMIGRATION SERVICES FEES – Assistance with yellow slip application issuance is priced at €400 per person, the competition charges at least €500. Real expenses are estimated to be approximately €140-150.

NON-DOM CERTIFICATE ISSUANCE FEE – To obtain the Non-Dom tax certificate for the client we charge €150 per application, the lowest in the market. We provide a discount of €30 for a second application and €50 for a third. For two applications the fee is €270  and for three €400.

UBO REGISTRY UPDATE FEE – In accordance to the 5th AML EU Directive the clients must provide details of the final UBO though the Registrar of Companies registry. We charge €50 for the yearly update of the UBO Registry, the lowest in the market.

COMPANY CERTIFICATE ISSUANCE FEE – We charge €50 plus real expenses for ordering a company certificate.

ANNUAL RETURN PREPARATION & SUBMISSION FEE – The filing of the yearly Annual Return will be priced at €80 probably the lowest in the market.

ANNUAL PERSONAL TAX DECLARATIONS PREPARATION & SUBMISSION FEE – We charge between €80-€150 (depending on complexity), for each personal tax declaration filed. For clients with an accounting and audit engagement valued at over €2,500, the personal tax declarations are filed free of charge.

CHANGE OF REGISTERED OFFICE FEE – €150 plus real expenses. We will change the registered address in the (a) Registrar of Companies, (b) VAT system and (c) Social insurance system. We have to update all systems to be consistent and correct.

CHANGE OF DIRECTOR/SHAREHOLDER/SECRETARY FEE – €50 plus real expenses.

MAIL FORWARDING FEE – We charge annually €500 for picking and forwarding the mail for clients that prefer to contact their business from their home countries most frequently.