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Company Incorporation in Northern Cyprus

How to start a limited company in Northern Cyprus. Incorporation or formation of a company in Northern Cyprus.

 

 

Resident Company or International Company

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There are two types of companies in Northern Cyprus, the resident company and the international company.

The resident company is cheaper to form, but requires a higher share share capital (80,000 euros).

Resident Company

A resident company (with the 23.5% corporation tax) does not take too much time - around two weeks, as no resident director or representative is needed.

Howerver, you do need to deposit a capital of 80,000 euros (approx) if there is foreign involvement. More information here

International Companies

An international company (with 1% corporation tax) is more complicated to incorporate because you need a director or legal representative.

Time taken is up to four weeks and you need to visit, because of the requirement to have a representative- which requires some responsibilities.

The share capital for an international company is 20,000 euros which does need to be deposited.