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.

With regards to company incorporation, to avoid misunderstanding, please clear out whether your quote includes or excludes the real expenses paid to the Registrar of Companies. It will really make the difference in the final amount of your quote. You definately do not want to get caught off guard having to pay the quoted amount for the incorporation plus the real expenses (which is a respectible sum), on top of that.

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

ACCOUNTING & AUDIT SERVICES FEES – 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. We adjust the audit fees accordingly to be in relation to the financial reporting and the risk involved.

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 as much as possible.

We list our accounting and audit fees together as a package as per the table below quoted in EUR.  To be as fair as possible, we broke down the no of invoices/lines by increments of 50 except the first 50 where the increment is by 25. The reason is to be as fair as possible to our clients who issue only one or two invoices per month.

DEFINITION OF A LINE: Any double entry recorded on our system is defined as a line. Our fees reflect the time we need to process in our system all company transactions of any type or nature. We believe it is the fairest way to price our services.

invoices/lines      Accounting & Audit

   per annum            as a package (€)                                                              

01-25                                 1,400

26-50                                 1,500

51-100                               1,750

101-150                             1,900

151-200                             2,050

201-250                             2,150

251-300                             2,250

301-350                             2,350

351-400                             2.450

401-450                             2,550

451-500                             2,650

501-550                             2,750

551-600                             2,850

601-650                             2,950

651-700                             3,050

701-750                             3,150

751-800                             3,250

801-850                             3,350

851-900                             3,450

901-950                             3,550

951-1000                           3,650

Dormant & non-trading

companies                             500

WHAT IS INCLUDED IN THE PRICES ABOVE:

(i)  VAT declaration filing and payment of VAT liability

(ii) Preparation of annual financial statements

(iii) Corporate tax return preparation & filing

(iv) Calculation, correspondence and payment of corporation tax

(v) Calculation, correspondence, discussion and payment of provisional corporation tax

The above prices do not include VAT

 

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

Please note that the application with be filed with expedited service (fast track) application for registration and issuance of company certificates. If there are no problems with the company name approval, it will take approximately:

– 1 week for the approval of company name

– 1-1.half weeks for the registration/incorporation and the issuance of the company certificates

Total 1 half to 2 weeks for the company incorporation to be complete.

Our company will provide the company stamp free of charge.

IMPORTANT NOTE

Real expenses paid to the Registrar of Companies for these services, are estimated to be approximately around €500 €600, and are included in the quoted amount of €1,200 including VAT.

NON-DOM CERTIFICATE ISSUANCE FEE – To obtain the Non-Dom tax certificate for our accounting/audit 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.

For a one-off application for non-clients we charge €250.

NOMINEE DIRECTOR, SECRETARY, SHAREHOLDER, REGISTERED OFFICE – We charge €300 per year for each of the above named services. For a package that includes all services we charge €800 per year.

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

PAYROLL SERVICES FEES – For up to 3 employees the cost is €360 per year. For every additional employee we charge €10. For companies with a single shareholder-employee the payroll is provided free of charge.

VIES SERVICES FEES (VAT Information Exchange System) – €50 per quarter for the monthly VIES returns filed in the system if your Cyprus-registered company offers intra-EU services.

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.

OSS REGISTRATION FEES – We charge €150 for the registration of an e-commerce company to the OSS system.

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 (as per price list above), 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.