Quick Answer: How do I register a company in Cyprus?

The first step of the procedures of Cyprus company registration is always to submit a name check/search and application to the Cyprus Registrar of Companies, for reserving a name can be done online through the official website of the Cyprus Registrar of Companies.

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

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

How do I start a company in Cyprus?

submit the documents related to the company registration procedure with the Cyprus Companies House; register the company for taxation, VAT and social insurance and pension purposes; obtain the necessary business licenses which will allow the commencement of the economic activities.

How long does it take to open a company in Cyprus?

It usually can take up to 10 working days to establish a new company in Cyprus. If time is of high importance, there are shelf companies available.

What is the procedure and the documents needed for registering a company?

Incorporation documents

  1. certificate of incorporation.
  2. memorandum and articles of association.
  3. certificate of the company’s registered office.
  4. certificate of directors and secretary.
  5. certificate of shareholders.
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What is the best business to start in Cyprus?

Business Opportunities in Cyprus

  1. Construction Company. The government of Cyprus provides substantial support to individuals looking to start a company in the construction business. …
  2. Education Consultancy. …
  3. Property Rental Market. …
  4. Tourism. …
  5. Shipping Industry. …
  6. Transportation Business. …
  7. Insurance Brokerage Company.

Is Cyprus good for 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.

Can a foreigner open a company in Cyprus?

Shareholder(s) of a Cyprus Company:

The minimum number of shareholders of a Cyprus Private Limited Liability Company is 1 and the maximum is 50. The shareholder may be natural or legal person. The is no restriction on nationality or residency. A company can be incorporated even on 100% foreign ownership.

What are the good business ideas?

What are the top businesses to start?

  • Dropshipping business.
  • Selling print-on-demand shirts.
  • Sell digital products.
  • Become a blogger.
  • Sell freelance services.
  • Create homemade products to sell online.
  • Media (podcast, YouTube channels, etc.)
  • Affiliate marketing.

Why companies are registered 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.

What is the tax rate in Cyprus?

Personal Tax rates.

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Taxable Income Rate Amount
Taxable Income €19.501 – €28.000 Rate 20% Amount €1.700
Taxable Income €28.001 – €36.300 Rate 25% Amount €2.075
Taxable Income €36.301 – €60.000 Rate 30% Amount €7.110
Taxable Income €60.000 – €100.000 Rate 35% Amount €14.000
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