Question 1

How much does it cost to form a Sole Proprietorship?

Accepted Answer

The government filing fee starts at $100. Including required services, expect a first-year total of about $100.

Question 2

What are the annual costs of a Sole Proprietorship?

Accepted Answer

The mandatory state/annual fee starts at $0. With recurring services like a registered agent, total ongoing costs are about $0 per year.

Question 3

How long does Sole Proprietorship formation take?

Accepted Answer

Standard processing takes 7-10 business days. Expedited processing (3-5 business days for an extra $100) is available.

Question 4

Is a registered address required in Cyprus?

Accepted Answer

Yes. Typical cost: €0 - €300/year (Home address can be used). Virtual offices are allowed.

Question 5

Is there a minimum capital requirement for a Sole Proprietorship?

Accepted Answer

No, there is no minimum capital requirement. No minimum share capital is required to establish a sole proprietorship in Cyprus.

Question 6

Can I form a Sole Proprietorship remotely?

Accepted Answer

Yes, no local director is required. Not applicable. The business is operated directly by the sole proprietor.

Item	Type	Amount
Trade Name Registration (Optional)	One-time	$100
Tax & Social Insurance Registration	One-time	$0
VAT Registration (if applicable)	One-time	$0
First year total		$100
Annual ongoing		$0

Sole Proprietorship formation costs in Cyprus

Cost Breakdown