Articles - Open Company Cyprus

Obtain an EMI/PSP License in Cyprus

Our local agents can help clients who want to open companies in Cyprus in the financial sector that require a Payment Service Provider or PSP license. Also known as the Electronic Money Institution or EMI license, this business permit requires meeting certain conditions for obtaining it. As such, we invite…

Fiscal Representative in Cyprus

A fiscal representative in Cyprus is an agent who can represent a company in a relationship with the tax authorities. Such an agent must be appointed by companies registered in non-EU countries with which Cyprus does not have a mutual assistance agreement. Below, we invite you to discover how a…

Payroll in Cyprus

Employment in Cyprus comes with taxes imposed on both workers and employers. They are computed under the payroll system which can be handled internally through the HR or accounting department or can be externalized. Below, we have gathered some of the most important aspects of payroll in Cyprus, as well…

Advantages of Opening a Trust in Cyprus

Our company formation agents explain how you can set up various types of trusts in Cyprus and the advantages deriving from these efficient tax and estate planning tools. You can rely on us for assistance in opening a trust here. Quick Facts Availability of specific legislation (YES/NO) Yes, the International Trusts Law and…

Obtaining Residency in Cyprus

The Republic of Cyprus is a member of the European Union and any citizen of another European Union or European Economic Area (including Switzerland, Iceland, Lichtenstein and Norway) have the same residency rights as a Cypriot resident. Non-EU and non-EEA citizens must comply with different requirements for obtaining temporary or…

Open a Branch vs. a Subsidiary in Cyprus

Cyprus has a very attractive tax regime and the taxation rates are considered low by international standards. This is one reason why foreign investors choose to open branches or subsidiaries in Cyprus in order to establish the presence of their international companies. Cyprus has signed double tax treaties with more…

Set Up an IT Company in Cyprus

Cyprus is a good location for foreign investments, which are encouraged in the country. EU citizens are able to start a business in Cyprus without any restrictions. If you want to set up an IT company in Cyprus, you will have to go through all the ordinary company incorporation steps.…

Company Act in Cyprus

The legislation system of Cyprus is rather similar with the one in the United Kingdom. In fact, the Cyprus Company Law, cap. 113 is considered to be based on the English Companies Act 1948. Some modifications have been made in 2000 and 2001. All foreign entrepreneurs who come to set…

Shareholders of Cypriot Companies

Public and limited liability companies are the main types of legal entities that are limited by shares and guarantee. Shareholders of Cypriot companies will hold shares and have corresponding rights in one of these types of companies. The shares generally issued by a company in Cyprus are ordinary and the…

Gambling Activities in Cyprus

If you want to open a gambling business in Cyprus, you must start with the company registration procedure and then proceed to apply for one of the licenses available. Below, our experts in company formation in Cyprus explain both procedures and how they can help you in this matter. What…