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…
Read More
Obtaining a Work Permit in Cyprus

Obtaining a Work Permit in Cyprus

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…
Read More
Obtaining Residency in Cyprus

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…
Read More
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…
Read More

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…
Read More
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…
Read More
Frequently Asked Questions about Company Formation in Cyprus

Frequently Asked Questions about Company Formation in Cyprus

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…
Read More
The Cypriot Trade Register

The Cypriot Trade Register

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…
Read More