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Register company Cyprus: the process, end to end

To register a company in Cyprus you work through the Department of the Registrar of Companies and Intellectual Property, and the path is more lawyer-driven than in most common-law jurisdictions: the incorporation application includes a statutory declaration that must be signed and sworn before the court by the entrusted lawyer, and the memorandum and articles of association are signed in Greek. The Registrar's own guidance breaks the journey into stages, from name approval through the certificate of incorporation to post-registration obligations. This page walks the process, what each form does, and the question worth asking first: whether you need a Cyprus company at all, or just a compliant way to employ someone in Cyprus.

Figures on this page come from the EOR Compass Pricing Index: 7 vendors with a verified published price, median $499 per employee per month, checked against each vendor's own pricing page.

Advertised prices, verified

# Vendor EOR price Contractor price · Coverage claim Source Checked
1 RemoFirst $199/mo Contractor price $25/moCoverage claim 185 countries remofirst.com August 2026
2 RemotePeople $199/mo Contractor price $29/moCoverage claim 150 countries remotepeople.com August 2026
3 Skuad $199/mo Contractor price $19/mo skuad.io August 2026
4 Papaya Global $499/mo Contractor price $5/moCoverage claim 180 countries papayaglobal.com August 2026
5 Deel $599/mo Contractor price $49/moCoverage claim 130 countries deel.com August 2026
6 Oyster $699/mo oysterhr.com August 2026
7 Remote $699/mo Contractor price $29/moCoverage claim 90 countries remote.com August 2026
8 G-P (Globalization Partners) No published price; quote-based (checked August 2026)
9 Multiplier Pricing page could not be read (checked August 2026)
10 Omnipresent Pricing page could not be read (checked August 2026)
11 Pebl (formerly Velocity Global) No published price; quote-based (checked August 2026)
12 Rippling No published price; quote-based (checked August 2026)

How registering a Cyprus company works

  1. Clear the company name. Apply to the Registrar for name approval before anything else. Names that suggest restricted activities or require sectoral approvals need those cleared in advance; the Registrar publishes its review criteria and the most frequent reasons for rejection, and checking them first avoids a failed round trip.
  2. Prepare the constitutional documents. A Cyprus lawyer drafts the memorandum and articles of association, signed in Greek, either bespoke or adopting the standard regulations in Table A of Schedule I of the Companies Law. The lawyer also signs the statutory declaration, Form HE1, sworn before the court.
  3. File the application with the Registrar. Submit Form HE1 with the memorandum and articles, via the Registrar's e-filing system or by hand or post; paper submissions also include Form HE2 notifying the registered office address and Form HE3 with the directors and secretary, and public companies add Form HE5. An expedited processing option is available for an additional fee published by the Registrar.
  4. Receive the certificate and register for tax. Once approved, the Registrar issues the certificate of incorporation. The company then registers with the Tax Department for a tax identification number and, where relevant, VAT, and as an employer with Social Insurance Services before hiring staff. Annual returns and fees to the Registrar follow as ongoing obligations.

The requirements behind the forms

A Cyprus private company needs at least one director, a company secretary and a registered office address in Cyprus, and changes to any of these are notified to the Registrar on the same HE-series forms used at incorporation. The Registrar's fee schedule, including the standard registration fee, the surcharge for companies without share capital, the expedited processing fee and translation filing fees, is published on its Forms and Fees pages and should be read from there directly, since the amounts are revised from time to time.

The lawyer's statutory declaration is not a formality you can route around: Cyprus incorporation runs through a locally admitted lawyer by design. Budget for that professional fee on top of the Registrar's charges, and for registered office and secretarial services if the company will not have its own premises and staff in Cyprus from day one.

Do you need the company, or just the employee?

Many searches for Cyprus company registration are really hiring problems: a business wants to employ a person who lives in Cyprus, or use Cyprus as an EU employment base, and assumes an entity is the entry ticket. It is not. An employer of record with a Cyprus entity can employ the hire, run Cyprus payroll, social insurance and tax withholding, and carry the local employer obligations while you direct the work, with no incorporation, registered office, or annual filings on your side.

The comparison is straightforward: incorporation makes sense when you need the company itself, for contracts, licensing, banking or tax structuring, and you accept ongoing administration; an EOR makes sense when the goal is one or a few compliant employees. The vendors in this site's index publish per-employee monthly prices, shown verbatim with the median in the table, so the EOR path can be priced in minutes rather than quoted at you. Nothing on this page is legal or tax advice; the Registrar's published guidance and your own advisers control the details.

Common questions

Can a foreigner register a company in Cyprus?
Yes; there is no nationality bar on shareholders or directors of a private company, though the incorporation itself runs through a Cyprus-admitted lawyer who signs the statutory declaration, and the company needs a registered office in Cyprus.
What forms are filed to incorporate?
Form HE1 with the memorandum and articles of association is the core application; hand and postal submissions also include HE2 for the registered office and HE3 for directors and secretary, with HE5 added for public companies, per the Registrar's guidance.
How long does Cyprus incorporation take?
Name approval and document preparation set the pace, and the Registrar offers an expedited processing option for an additional published fee. A lawyer handling the filing end to end will give a realistic current estimate; the Registrar's site lists processing options rather than guaranteed times.
Is registering a company the only way to hire in Cyprus?
No. An employer of record with a Cyprus entity can employ staff on your behalf, running payroll and social insurance locally, which is usually faster and cheaper than incorporation when the goal is a small number of employees rather than an operating company.

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Coverage by country

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The median advertised EOR price per employee per month in the EOR market was $499 in August 2026, across 7 verified vendor price pages recorded in EOR Compass Pricing Index.

Cite as: "EOR Compass Pricing Index", updated 2026-08-18, https://eorcompass.com/register-company-cyprus/.

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median advertised EOR price per employee per month · the EOR market · August 2026

$499

Middle 50%$199 – $699
verified vendor price pages7

Source: EOR Compass Pricing Index

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