How much money your Cyprus company cost you on a yearly basis?

[JimBeam]

I might want to sell my company (~3 years old) in Cyprus with a bank account in next couple of months.

 

[celizo]

Thanks JimBean, unfortunately we need to act very shortly. May I ask you which agent/service do you have used for this company?

 

[JimBeam]

No worries...

Local law firm (with 30 years of experience). They are expensive, but provided us what we needed in our own language...

 

[Spinat]

The costs to renew and maintain a company (regardless where it is registered) depend on the number of invoices, the agent and how complicate a structure you have.

Typically costs start at €2000 per annum but as I say it is like to ask what cost a car!

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[celizo]

The costs depends mainly on the number of transactions. But what are exactly the "transactions" taken into account? bank's transactions or even every PSP transactions?

For instance, my clients will make 10k transactions (deposits + withdrawals) per year through Paypal.
We withdraw to our bank account every month, thus 12 transactions per year.

 

[avalanche]

celizo said:
The costs depends mainly on the number of transactions. But what are exactly the "transactions" taken into account? bank's transactions or even every PSP transactions?

For instance, my clients will make 10k transactions (deposits + withdrawals) per year through Paypal.
We withdraw to our bank account every month, thus 12 transactions per year.
Click to expand...

Im pretty sure it means receipts & invoices + internal transfers between company accounts

 

[avalanche]

Mark Rucken said:
2800 for company formation, Nominee director and VAT number.
Click to expand...

coming back to this question, do you have the contacts of this service provider? mine is asking for 5k +19% VAT for these things!