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…
Citizens from EU Member States can enter Cyprus only on the basis of a valid passport or ID card and do not have to register for any type of stay that is less than three months. If they intend to stay longer and also find a job, individuals will have…
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…
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…
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…
1. Can a foreigner open a company in Cyprus? Yes. Cyprus welcomes foreign investors in various business fields. The legislation for investments allows foreigners to open the same types of legal entities as national investors. 2. What are the types of companies that can be incorporated in Cyprus? The types…
1. What is the Cypriot Trade Register? The Trade Register in Cyprus falls under the administration of the Cyprus Department of registrar of Companies. The role of the department is to perform registration of companies, partnerships, business names, trademarks and keep an evidence of the commercial institutions in Cyprus. There…
