Variable Capital Investment Company (VCIC) formation costs in Cyprus
Government filing from $180 · annual maintenance from $0
Last verified: June 13, 2026
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Cost summary
State Filing
$180
one-time
Mandatory Annual Fee
$0
per year
First-Year Total
$44,200
incl. required services
Annual Ongoing
$26,500
from year 2
Cost Breakdown
Detailed breakdown of formation and ongoing costs
| Item | Type | Amount |
|---|---|---|
| State filing fee | One-time | $200 |
| CySEC Application Fee | One-time | $2,500 |
| Legal & Structuring Fees | One-time | $15,000 |
| Registered Office & Agent | Annual | $1,500 |
| Fund Administration & Compliance | Annual | $10,000 |
| Depositary Fees | Annual | $15,000 |
| First year total | $44,200 | |
| Annual ongoing | $26,500 | |
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Variable Capital Investment Company (VCIC) cost FAQ
How much does it cost to form a Variable Capital Investment Company (VCIC)?
The government filing fee starts at $180. Including required services, expect a first-year total of about $44,200.
What are the annual costs of a Variable Capital Investment Company (VCIC)?
The mandatory state/annual fee starts at $0. With recurring services like a registered agent, total ongoing costs are about $26,500 per year.
How long does Variable Capital Investment Company (VCIC) formation take?
Standard processing takes 90-180 days. Expedited processing (30-60 days for an extra $5,000) is available.
Is a registered address required in Cyprus?
Yes. Typical cost: $1,000 - $2,500/year. Virtual offices are allowed.
Is there a minimum capital requirement for a Variable Capital Investment Company (VCIC)?
Yes, the minimum capital is USD 135,000. Minimum capital depends on the fund type: €125,000 (approx. $135,000) for an internally managed AIF, €300,000 for UCITS, and €0 for externally managed AIFs or RAIFs (though RAIFs must reach €500,000 AUM within 12 months).
Related pages
Complete Variable Capital Investment Company (VCIC) formation guide
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