Setting up a business in Cyprus can be a rewarding decision, but it requires a few steps and formalities. This article will provide you with a comprehensive guide for your business in Cyprus. Step 1: Business idea and planning Before you set up your company in Cyprus, you should develop a clear business idea and create a comprehensive business plan. This plan should include a…
How to make your business in Cyprus a success Work where others go on vacation: More and more people are deciding to emigrate to Cyprus. The best way to earn money is with your own business in Cyprus. But which sectors offer the greatest potential? In this article, we present the best and most lucrative sectors for your business in Cyprus. Booming tourism industry in…
Cyprus is no longer just a tourist destination. The island has developed into a real paradise for entrepreneurs and business in Cyprus is flourishing. In this article, we take a closer look at the reasons why Cyprus is so attractive for entrepreneurs. 1. worldwide recognition of the Limited (LTD) company form – corporation tax only 12.5% The Limited (LTD) company form is very common in…
Setting up a company in Cyprus is not only associated with tax advantages and a qualified workforce, but is also characterized by efficient incorporation processes and low-cost company administration. Minimal bureaucratic hurdles when setting up a company The Cypriot government has made considerable efforts in recent years to simplify and speed up the company formation process. The bureaucratic hurdles have been minimized, making it easier…
Cyprus is not only characterized by its tax advantages, but also by its extremely competitive wage costs. Compared to many other European countries, labor costs in Cyprus are comparatively low. This makes the island in the Mediterranean an attractive location for companies that want to take advantage of being able to hire highly qualified workers at competitive prices. Low labor costs and a skilled, motivated…
Saving taxes and strengthening business – that is the motto for cooperation in Cyprus. Due to the fact that many international companies are based here, new opportunities for interesting business relationships open up almost daily. Corporation tax of only 12.5 % Setting up a company in Cyprus offers numerous tax advantages. Cyprus has developed into an extremely attractive location for international companies, not least due…
