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.
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.
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 | Details |
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.
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.
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.
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Dive into the Cypriot Market with a Trusted Partner by Your Side. Contact Our Company Formation Experts to Begin
NIP 1133117865
Ul. Konstruktorska 12
02-673 Warszawa, Poland