Company Formation Services
Start your business in North Cyprus with confidence. We handle all the setup details so you can focus on what matters most - growing your company
Choose Your Business Structure
We help you select the right company type based on your business goals and activities
Local Limited Company
The most common choice for businesses operating in North Cyprus and internationally
Free Zone Company
Ideal for international trade, logistics, and manufacturing with significant tax advantages
International Business Company
Perfect for non-residents conducting business exclusively outside North Cyprus
Foreign Branch
Extension of an existing foreign company to establish presence in North Cyprus
Sole Trader
Simple business structure for individual entrepreneurs operating without forming a company
Partnership
Business structure for multiple partners operating together without forming a company
Your Journey to Business Success
Our streamlined process ensures quick and compliant company formation
Initial Consultation
We begin by understanding your business goals and recommending the most suitable company structure.
- Comprehensive business structure consultation
- Tax efficiency analysis for your industry
- Legal compliance assessment
Name Availability Check
We verify your preferred company name is available and complies with TRNC naming regulations.
- Company Registrar database verification
- Naming regulation compliance check
- Name reservation for registration
Document Preparation
Our legal team prepares all required documentation including articles of association, memorandum, and statutory forms, ensuring full compliance with Chapter 113 Companies Law.
- Articles of Association drafting
- Memorandum and statutory forms preparation
- Director and shareholder documentation
Registration & Filing
We handle the entire registration process with the Company Registrar, obtain your tax identification number, and complete all government formalities on your behalf.
- Company Registrar filing and approval
- Tax identification number acquisition
- Social insurance and chamber registrations
Post-Formation Support
Your company package is delivered complete with official seal, certificates, and registrations. We continue supporting you with accounting, tax planning, and compliance services.
- Company seal and certificate delivery
- Banking relationship facilitation
- Ongoing compliance support
Ready to establish your business in North Cyprus?
Start Your Company FormationCompare Company Types
Understanding the key differences helps you make the right choice
Swipe horizontally to compare all company types
| Features | Local Limited Company | Free Zone Company | International Business Company | Foreign Branch | Partnership | Sole Trader |
|---|---|---|---|---|---|---|
| Corporate Tax Rate | 10% | 0%* | 1% | 10% | N/A | N/A |
| Income Tax Rate | 15% | 0%* | N/A | 15% | Personal Income Tax | Personal Income Tax |
| Minimum Capital | €25,000 | €25,000 | €20,000 | Optional** | None | None |
| Local Trading |
(*)
|
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| International Trade | ||||||
| VAT Registration | Exempt (Sale From Free Zone) | Exempt | ||||
| Minimum Shareholders | 2 | 2 | 2 | N/A | 2 | 1 |
| Company Formation Required | ||||||
| Best Suited For | General Business | Export/Import | International Only | Foreign Expansion | Small Partnerships | Individual Business |
* 0% tax applies only to foreign-sourced income. Income from North Cyprus operations is taxed at standard rates.
Free Zone companies are exempt from VAT and all taxes on foreign transactions but must comply with standard tax regulations for any North Cyprus operations.
** Except for bank and insurance companies which have different minimum capital requirements.
Why Choose N.Akman & Co.
Your trusted partner for company formation in North Cyprus
Licensed
Fully authorized by TRNC authorities
30+ Years Experience
Established since 1993
Expert Team
Certified professionals
Efficient Process
Streamlined procedures
Frequently Asked Questions
Get answers to common questions about company formation in North Cyprus
You can establish Local Limited Companies, Free Zone Companies, International Business Companies (IBCs), Foreign Branch offices, or operate as a Sole Trader (TRNC citizens only). Each structure offers different benefits for taxation, operational scope, and compliance requirements.
For foreign investors: Local Limited Companies require €25,000, IBCs require €20,000, and Free Zone Companies require €25,000 minimum share capital. Foreign Branch capital depends on the parent company requirements.
The registration process varies depending on the company type and completeness of documentation. We work efficiently to ensure your company is established as quickly as possible.
Yes, foreign investors can own 100% of shares in most company types, subject to minimum capital requirements.
Regular companies pay 10% corporate tax and 15% income tax. Free Zone companies pay 0% tax including VAT on foreign-sourced income, and IBCs pay only 1% on worldwide profits.
No local director requirement exists, but companies must have a registered office address in North Cyprus.
Yes, all company types can engage in international business. Free Zone companies are specifically designed for international trade and enjoy customs-free operations but their tax status changes if they trade within North Cyprus.
Free Zone companies enjoy 0% tax on foreign income but if they trade within North Cyprus their income is taxed like a local company.
No, company formation can be completed through power of attorney. However, opening a bank account may require your presence depending on the bank's requirements.
Yes, foreign companies can establish a branch office (Foreign Company) with approval from the Ministry of Economy and Council of Ministers. The branch operates under the same conditions as local companies.
All companies must file tax returns and financial statements to tax office. We provide comprehensive compliance support to ensure all regulatory requirements are met throughout the year.
Yes, TRNC citizens can register as sole traders without forming a company. This simpler structure requires only personal income tax filing on business profits and has minimal compliance requirements. It's ideal for small businesses and individual entrepreneurs who want to avoid the complexity of company formation.
Free Zone Companies are ideal for international trade with 0% tax on foreign income and no VAT on international transactions. IBCs are perfect for non-residents doing business exclusively outside North Cyprus with only 1% tax. Local companies can also trade internationally but pay standard 10% corporate tax and 15% income tax.
Local Limited Companies and Foreign Branches must register for VAT. Free Zone Companies are exempt from VAT on foreign transactions but must register if they trade within North Cyprus. IBCs are exempt from VAT requirements.
Ready to Establish Your Company?
Join hundreds of successful businesses that chose North Cyprus for their international operations