Ask Reddit what a Cyprus company costs and you get numbers from €800 to €4,000, usually in the same thread. Nobody is lying. They are comparing different things: one person got bare incorporation, the next got incorporation plus registered office, secretary, tax and VAT registration, and the third is quoting his whole first year including accounting. That mismatch is why this platform exists.
Straight from the threads
The most useful post in this entire topic is a Cyprus corporate lawyer breaking down his own industry's pricing (108 upvotes on r/cyprus):
"Cyprus company registration costs €328-528 in government fees for a basic LTD. Anything over that amount goes to your lawyer."
r/cyprus, "How to not get scammed by lawyers in Cyprus"
That number is right (it bundles the registration filing, stamps and certified copies we itemize in the cost guide). Everything above it is professional fees, which is where quotes drift apart. The thread under it is founders comparing notes:
"In the UK I sat one evening down, registered a Ltd company from the government's website, paid £14 registration fee, and had the company documents sent to me by email by noon next day."
Top comment, same thread
"The entire thing is a scam to benefit lawyers. Important to remember that many MPs have their own law firms."
Same thread (the angry version, but the frustration is real)
To be fair to Cyprus: the filing goes through a licensed lawyer by law, so the UK comparison is apples to oranges. The takeaway: know what the €328-528 buys before someone quotes you €2,000 flat with no breakdown. And this exchange, from a thread on whether a company is even worth it, is the best free advice on Reddit:
"Contact an accountant, pay the €800-€1200 retainer and get qualified and professional advice instead of trying to play with tax code. I can assure the penalty is not worth it."
r/cyprus
And one comment correcting the record in real time:
"Not anymore. There used to be a €350 annual levy but they abolished it in 2024."
r/cyprus (correct, and most websites still have not caught up)
There is also a 47-upvote war story about registration dragging on for months with minimal communication. It is worth reading before choosing a provider on price alone. Response time is a real feature, which is exactly why we verify it.
The numbers old threads get wrong
Reddit answers live forever, and Cyprus changed its rules twice in two years. Most provider websites have not caught up either.
| You will read on Reddit | 2026 reality |
|---|---|
| "There is a €350 annual levy" | Abolished from 2024. Gone. Threads older than that still repeat it. |
| "Corporate tax is 12.5%" | 15% since 1 January 2026 under the enacted reform. |
| "Every company needs a full audit" | Small companies within roughly €200k turnover and €500k assets (both, two consecutive years) can use a lighter review instead. |
| "Formation takes a month or two" | 5 to 10 working days expedited, if your documents are ready. The delay is almost always the founder's paperwork, not the Registrar. |
The full verified breakdown, government fees separated from provider fees, is in the formation cost guide (last verified against the Registrar's fee schedule, with dates on it).
How to actually use the Reddit advice
Treat the threads as a list of questions, not answers. What is included in the price? What renews annually and at what rate? Who does the accounting and what does that cost from year one? Then make three firms answer the same questions on the same assumptions. That is the whole trick, and exactly what a three-quote brief does in one pass.
Where this page's numbers come from
Figures verified 2 August 2026 against the Registrar of Companies fee schedule, the enacted 2026 tax reform and normalized quotes from regulated Cyprus providers. CyprusClarity is a comparison and matching platform, not a law or accounting firm.