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Jurisdiction Monitor / EU / Cyprus

Cyprus [CY]

Corporate tax, FATF status, sanctions exposure, data-protection law and arbitration enforceability for Cyprus — the facts a founder or counsel checks before incorporating or signing cross-border. Jurisdiction table checked 2026-08-14.

Corporate tax rate
15%
FATF status
compliant
Sanctions exposure
No
EU list of non-cooperative jurisdictions
not applicable — EU member state
Data-protection law
GDPR
New York Convention
Yes
Apostille Convention (1961)
Yes
Foreign ownership
Yes
Local director requirement
No
What this jurisdiction is classically used for

Holding and IP company on the EU perimeter

A 12.5% headline rate, exemption for dividends and for gains on the disposal of securities, no withholding on outbound dividends to non-residents, and an OECD-compliant IP box — inside the EU, with English-influenced company law and English widely used in practice. It is the low-cost EU holding option, which is exactly why banks scrutinise Cypriot structures more closely than most.

This describes how the jurisdiction is commonly used in practice — not a recommendation for your situation. What fits depends on where your people, customers and assets actually are.

What has changed here

Tracked since 2026-08-03
  1. 2026-08-14hist_k_updateCorporate tax ratev2.6

    Cyprus raised the corporate income tax rate from 12.5% to 15%. This is alignment with the OECD Pillar Two minimum rather than a one-off fiscal grab: the 12.5% headline had become the gap that large groups topped up elsewhere anyway. Voted by the House of Representatives on 22 December 2025, published in the Official Gazette on 31 December 2025, effective for tax years from 1 January 2026. Flagged pending verification in our own notes — four independent professional sources agree on the dates, but the Cyprus finance portal is unreachable and the statute itself has not been read.

    was “12.5%”, now “15%”
All changes across the dataset →

Corporate tax rate in Cyprus

The headline corporate income tax rate in Cyprus is 15%. Free zones, small-business reliefs and participation exemptions can change the effective rate — treat this as the starting point.

What is this? Corporate tax rate →

FATF status in Cyprus

Cyprus is FATF-compliant and not on the grey list, which generally means smoother bank onboarding.

What is this? FATF status →
Source: FATF — High-risk and other monitored jurisdictions

Sanctions exposure in Cyprus

Cyprus is not subject to broad sectoral sanctions programs in our dataset.

What is this? Sanctions exposure →
Sources: OFAC — sanctions programs by country (United States) · European Commission — sanctions and restrictive measures · The UK Sanctions List (single source since 28 January 2026) · UN Security Council — Consolidated List

EU list of non-cooperative jurisdictions in Cyprus

Cyprus is an EU member state. The list covers third countries only, so a member state never appears in either annex.

Data-protection law in Cyprus

The applicable data-protection statute is GDPR (in force since 2018). If you process EU/UK personal data you also need a valid transfer mechanism into Cyprus.

What is this? Data-protection law →
Source: EUR-Lex — Regulation (EU) 2016/679 (GDPR)

New York Convention in Cyprus

Cyprus is a party to the 1958 New York Convention, so a foreign arbitral award can generally be enforced by local courts — the single most important box to tick before agreeing to arbitration with a counterparty here.

What is this? New York Convention →
Source: UNCITRAL — status of the 1958 New York Convention

Apostille Convention (1961) in Cyprus

Cyprus is a party to the 1961 Hague Apostille Convention. Public documents — corporate certificates, powers of attorney, notarised papers — need only a single apostille to be recognised in other member states, with no consular legalisation. This materially speeds up cross-border paperwork.

What is this? Apostille Convention (1961) →
Source: HCCH — status table, 1961 Apostille Convention

Foreign ownership in Cyprus

Foreigners may generally own 100% of a local company in Cyprus.

What is this? Foreign ownership →

Local director requirement in Cyprus

Cyprus does not mandate a resident local director.

What is this? Local director requirement →

Company forms available here

4 forms

The entity types actually used in cross-border practice, with the name each one carries in its own register.

  • Private company limited by shares (Ltd)
  • Public company limited by shares (PLC)
  • Limited partnership (LP)
  • General partnership

Names are given as the register uses them and are deliberately not translated — a form is called what it is called. The list covers what is commonly used, not everything the statute allows, and availability to a foreign founder can depend on activity, licensing and residency.

Calculators for this jurisdiction

3

Free, no sign-up, computed in your browser.

  • Apostille or full consular legalisation
    →
  • Structure screen: what the joints cost
    →
  • What the paying country withholds
    →

Filing obligations for this jurisdiction

6 obligations: what to file, to whom, how the deadline is counted and what missing it costs.
Open →
Non-financial professions: what FATF assessed

Lawyers, accountants, corporate and trust providers, real-estate agents, dealers in precious metals and casinos carry anti-money-laundering duties of their own. FATF rates how well a country's law meets three of its recommendations on them.

R.22 — customer due diligence by these professions
LC — largely compliant
R.23 — other AML duties on them
LC — largely compliant
R.28 — their regulation and supervision
LC — largely compliant
Assessed by: MONEYVAL · report of 2025-06 (MER+FUR(s)) · methodology 2013

This rates the quality of the legislation, not whether you personally must run these checks, and not how the law is enforced in practice — FATF measures enforcement on a separate scale that is not in this dataset.

Reports from 2025 onwards use the 2022 methodology; everything earlier uses the 2013 one. Ratings from the two are not directly comparable, which is why the methodology is always shown.

Primary source · tables updated: 24 August 2026 / 14 August 2026
Draft a contract under Cyprus law

forma. generates NDAs, service, supply and corporate documents wired to this jurisdiction — from lawyer-built templates, processed privately on your device.

About forma. →
Structure your business in Cyprus

Ignito Advisory designs cross-border holdings, IP routing, banking onboarding and regulatory strategy. First assessment is free.

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COMPARE CYPRUS WITH
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Informational resource curated by the Ignito legal practice and cross-checked against primary sources. This is not legal advice and does not create a lawyer-client relationship. Rules change — verify against the primary source before you sign or file. Terms of Use · ← Back to the monitor

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