Advantages of Opening a Trust in Cyprus

Advantages of Opening a Trust in Cyprus

The Cypriot trust law offers various tax advantages for those who want to open a trust in Cyprus. The law for Cypriot trusts and international trusts resembles the UK model for these types of financial instruments. Investors who want to open a trust in Cyprus have the following options: open…
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Workforce in Cyprus

Workforce in Cyprus

The workforce in Cyprus is characterized by high education and diversity in skills. The labor market has been shaped by the country’s economic situation and different business sectors adjusted their need for employees according to the overall economic situation in the country. The employment rate in Cyprus improved as soon…
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How to Open a Hotel in Cyprus in 5 Steps

How to Open a Hotel in Cyprus in 5 Steps

Foreign businessmen who want to open a hotel in Cyprus should know that the legislation related to the incorporation of the legal entity is similar to the general registration process applicable to all companies in Cyprus. Still, the legislation under which the accommodation industry operates requires the investors to obtain…
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Open a Branch vs.a Subsidiary in Cyprus

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…
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Set Up an IT Company in Cyprus

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.…
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Open a Taxi Company in Cyprus

In Cyprus, there are a lot of taxi companies and individual taxi drivers, due to the increasing number of tourists who are coming here to visit the island. Taxis here can be booked by phone, there are plenty of them at airports and terminals or can even be waived from…
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Shareholders of Cypriot Companies

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…
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Gambling Activities in Cyprus

Gambling Activities in Cyprus

In 2012 Cyprus introduced a new and comprehensive document that would regulate gambling activities in the country. The Betting Law revised existing rules and added new ones. According to this law, the central authority for gambling and betting matters in Cyprus is the National Betting Authority (NBA). It issues the…
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How to Open a Bar in Cyprus

How to Open a Bar in Cyprus

Cyprus is well known for its developed tourism. A business which can benefit from the direct effects of this field is the catering industry. One way to enter into this field is by opening a bar in Cyprus, a type of business which can offer many economic perspectives, but which…
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