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Establishing Your Enterprise in Cyprus
Cyprus is a prominent destination for business establishment, offering a blend of economic stability and strategic positioning within the European Union.
Novo Solution expertly guides you in leveraging Cyprus’s advantageous business landscape for your company’s establishment and growth.
Advantages of Business Setup in Cyprus
Cyprus is renowned for its advantageous business climate, characterized by a competitive corporate tax framework and integration within the EU market. The country’s tax structure, one of the most favorable in Europe, is particularly appealing for businesses seeking efficient fiscal environments.
The absence of withholding taxes on dividends, interest, and royalties to non-residents and the exemption of dividend income from corporate taxation make Cyprus an attractive location for holding companies and international businesses.
Diverse Business Structures in Cyprus
Our expertise encompasses advising on the optimal business structure to suit your objectives. In Cyprus, various options exist, from Limited Liability Companies, offering protection to shareholders’ assets, to Public Limited Companies, ideal for more extensive, market-listed ventures.
We also assist in establishing branch offices or subsidiaries for foreign companies, each tailored to meet distinct operational needs.
Local Features
Feature
Type of Legal Entities Available
Limited Liability Company, Public Company, Partnership
Company registar
The Department of Registrar of Companies and Official Receiver
Minimum Capital Requirements
No minimum for LLC, €25,000 for Public Company
Company Incorporation Process
Registration with the Registrar of Companies
Timeframe for Company Formation
Approximately 10-15 days
Registration and Licensing Fees
Varies based on company type and capital
Taxation System
Corporate tax rate of 12.5%
Reporting and Compliance Requirements
Annual financial statements, annual return, audits
Foreign Ownership Restrictions
No restrictions on foreign ownership
Privacy and Confidentiality
Directors and shareholders are public, anonymous services available
Ease of Doing Business
Favorable business environment, strong services sector
Special Economic Zones or Incentives
Special zones for shipping, innovation and technology
Labor Laws and Employment Regulations
EU-aligned labor laws
Residency or Citizenship Requirements
No residency requirements for owners/directors
Banking and Financial Services
Well-developed banking sector, EU banking regulations
Intellectual Property Protection
Strong IP laws, aligned with EU standards
Streamlined Process for Company Formation
Novo Solution simplifies the company formation process in Cyprus. From reserving your company name to ensuring compliance with local legal frameworks, we manage every detail.
Our comprehensive support includes assistance with all required documentation, providing a smooth and efficient establishment of your enterprise.
Facilitating Corporate Banking Needs
Establishing a corporate banking relationship is crucial to setting up your business in Cyprus.
We assist in navigating the banking landscape of Cyprus, ensuring that your financial operations align with your business needs and regulatory standards.
Maintaining Compliance for Your Cyprus Enterprise
Our support extends to ensuring ongoing compliance with Cyprus’s legal and financial requirements.
We handle the complexities of regulatory adherence, from managing financial records to staying up-to-date with corporate tax obligations, allowing you to focus on business growth.
Next Steps
Launching your business in Cyprus offers significant advantages within a business-friendly EU jurisdiction. With Novo Solution, embark on a hassle-free journey to establish and grow your business in Cyprus. Reach out to us to begin your venture in this dynamic business environment.
Latest insights
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Contact us
Dive into the Cypriot Market with a Trusted Partner by Your Side. Contact Our Company Formation Experts to Begin
Contacts:
Dubai: +971585519574
contact@novo-solution.net
Dubai, UAE:
Meydan Grandstand, 6th floor,
Meydan Road, Nad Al Sheba
Meydan Grandstand, 6th floor,
Meydan Road, Nad Al Sheba
