Dear All

the costs of a new Cyprus company is 1350 euros inc VAT. however, you don't need to have a company in order to start a business. both a sole trader/partnership and a company need to keep proper accounts and so will probably incur accountacy fees. However, a company will also have to have annual audit which are an additional (nor insignificant) cost

in my opinion; unless there's good reason start as a sole trader/partnership and spend the capital on your business . when it makes sense - then start a company

Regards

catherine