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.
What do I need to start a business in Cyprus?
How to Start a Business in Cyprus?
- HE1 Form.
- HE2 Form.
- HE3 Form.
- Memorandum of Association.
- Articles of Association.
- Passport copy of Directors and Company Secretary.
- Address proof of the office.
What is the best business to start in Cyprus?
We put together 30 of the best businesses you can start in Cyprus today.
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- Start a fitness center business. …
- Start an online retail store business. …
- Start a business brokerage company. …
- Start a taxi cab business.
How much does it cost to start a business in Cyprus?
The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.
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.
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.
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 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.
What kind of business can I do from home?
Service-based home business ideas include:
- House cleaning.
- Freelance writing.
- Personal training.
- Virtual assistance.
- Dog walking.
- Marketing.
- Designing.
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 tax rate in Cyprus?
Personal Tax rates.
| 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 |