In 2014, the food and beverage sector in Cyprus made a turnover of around EUR 963.7 million. The numerous tourists who are visiting the island imply that the hospitality industry, hence the catering sector, can prove to be an extremely profitable business for new entrepreneurs or business owners. In this article, our Cypriot company formation consultants offer a few important data related to setting up a catering business in Cyprus. Our team can help you invest in Cyprus in this business sector.
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License required for catering businesses in Cyprus
In Cyprus, catering businesses must obtain a license from the Cyprus Tourism Organization (CTO).
To obtain such a license, a natural or legal person has to:
•reside in Cyprus or be a citizen of another EU member state or be a legal person located in an EU member state;
•obtain the planning permit and building permit for the particular use;
•appoint a manager who is approved by the CTO.
In case you would like to obtain such a license, or to open a company of any type in Cyprus, our company formation advisors in Cyprus can help. They can also advise you regarding the type of company suitable for this type of business. The Cyprus ltd or the limited liability company could be a good option, if you are planning to open a small or medium sized catering business.
Catering businesses in Cyprus are categorized in different types, depending on the kind of activity and services they provide to their clients.
These businesses can be restaurants, taverns, cafeterias, pizza houses, pubs or bars, music and dance and so on. A catering business can be classified in more of these categories.
The businesses of each category are divided in A, B and C classes in this country, depending on the type of building, value and quality of structure, equipment, furniture, level of operation and amenities level.
The drinking license in Cyprus
If alcohol is being served by the catering business in Cyprus, a drinking license has to be obtained.
To obtain such a license, the business owner has to complete a security check at a police station in the country for a thorough background which will prove he or she does not have committed any criminal offences. Our company formation agents in Cyprus can assist you in obtaining such a license, if necessary.
If you would like to know more about the catering industry in Cyprus, or would like to open a Cypriot company in this sector, we can help. Please contact us.