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…
We invite you to complete the form with the required information in order to start the online incorporation of your company in Cyprus. Our company formation specialists will contact you with details about the further steps for company registration.
OpenCompanyCyprus.com is a part of BridgeWest®, an international legal network of lawyers and consultants. We are partners with OpenCompanyCyprus.com for many years now. I would certainly recommend colleagues at OpenCompanyCyprus.com to all foreign investors interest in starting businesses in Cyprus.Quick responses and excellent personalized approach to clients! Mihai Cuc, Partner…
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…
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…
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…
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…
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.…
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…
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…
