How many companies are there in Cyprus?

Cyprus Number of Registered Companies data was reported at 216,239.000 Unit in 2018. This records a decrease from the previous number of 217,588.000 Unit for 2017.

What is the biggest company in Cyprus?

Cyprus Top Companies List by Market Cap as on Jan 1st, 2020

  • POLYMETAL INTERNATIONAL. World Rank (Jan-01-2021) …
  • GLOBALTRANS INVESTMENT. World Rank (Jan-01-2021) …
  • QIWI. World Rank (Jan-01-2021) …
  • HEADHUNTER GROUP. World Rank (Jan-01-2021) …

What is a Cyprus based company?

A Cyprus Limited Liability Company (LLC) is the most popular legal entity formed by foreigners in Cyprus. … A company with limited liability by shares limits a member’s liability to the nominal value of its subscribed shares. This type of LLC can be either public or private.

What is the main business in Cyprus?

Economy of Cyprus

Main industries tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products
Ease-of-doing-business rank 54th (easy, 2020)
Exports $2.805 billion (2017 est.)

Is it easy to start a business in Cyprus?

It is quite easy to open a business in Cyprus and with the proper support, overseas businesspersons can have their own companies up and running in the littlest time possible.

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What is a good business to start in Cyprus?

Top 10 Small Business Investment Opportunities in Cyprus

  • Construction Company.
  • Property Rental Business.
  • Educational Consultancy Services.
  • Clearing and Forwarding Business.
  • Travels and Tours Company.
  • Transportation Business.
  • Auto Mechanic Workshop.
  • Web Design and Web Hosting Business.

How do I start an offshore company in Cyprus?

The Process to Register an Offshore Company in Cyprus

  1. 1)Reserving the company name. …
  2. 2)Preparation of incorporation documents. …
  3. 3)Banking procedure. …
  4. 4)Submission of required documents. …
  5. 5)Receiving the certificate of incorporation. …
  6. 6)Registration for tax and VAT.

Is Cyprus a good place to start a business?

Cyprus has a modern, free-market, service-based economy giving international investors and domestic businesses confidence to invest, grow and prosper. The tertiary sector of services is considered the backbone of the Cyprus economy and with a high income per capita, the consumer market is particularly strong.

How much does it cost to open a company in Cyprus?

The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.

Why do people open companies in Cyprus?

The main reason why Cyprus has become a great attraction as a business location is the business-friendly tax system that offers many advantages to companies that are based in the country. The key benefit of a resident corporation is the uniform 12.5% corporate tax rate which is one of lowest in Europe.

Sunny Cyprus