CYPRUS CYPRUS SERVICES

Business Set Up in Cyprus

Cyprus is the meeting point of three countries: Europe, Africa, and Asia. Cyprus is known for its open global trade environment. It is also one of the fastest-growing economies. If you’re thinking of expanding to Cyprus, Enterslice is here to help!

Benefits of Doing Business in Cyprus

 

European Union and Eurozone

Strategic Location

Ease of Doing Business

Pro-business legal framework

Attractive tax system

Simple Incorporation Process

No investment restrictions

Possibility to obtain a residence permit in Cyprus

Developed Telecommunications and Banking Systems

Safety and Standards of Living

Different Types of Business in Bahrain

 

LLC

An LLC is also known as a Limited Liability Company or a Limited Liability Corporation. The liability of the shareholders and directors is limited to a specific amount of paid-up capital. The minimum capital which is required for forming this type of entity is only EUR 1. The applicable corporate tax for this entity is 12.5%. However, there is no form of minimum investment required to form this type of entity.

Investment Holding LLC

The main purpose of going for company incorporation in Cyprus is for different types of investment opportunities. However, an investor going for this type of entity is to invest in a particular vehicle. This type of entity is usually used for securing an EU passport. There is limited liability for the shareholders and directors of the company. The minimum capital which is required for forming this type of entity is only EUR 1. The applicable corporate tax for this entity is 12.5%. However, an investor considering this type of business entity must have EUR 2 Million.

Representative Office

A foreign company can establish a representative office in Cyprus. Usually, only promotional activities would be carried out by the representative office. It is considered as a non-operational branch of the parent company. There is no form of limited liability for the shareholders and directors of this type of company. Only marketing and other forms of research activities can be carried out by this entity. The applicable corporate tax for this entity is 12.5%. There is no form of minimum capital required for this type of entity.

Trust Entity

Usually, trusts would be started off as offshore units to manage different forms of investments. These trusts are set up to manage family assets and investments from HNI individuals. There is no form of corporate tax on this type of entity. The minimum capital which is required for forming this type of entity is only EUR 1.

Free Zone LLC

This type of entity would be a free zone company that is formed in Larnaca. In this type of entity, there is no form of restrictions in areas related to foreign investment. The corporate tax rate applicable to these entities is 12.5%.

Different Types of Taxes in Cyprus

 

Personal Tax

Special Defence Contribution (SDC)

Capital Gains Tax

Corporation Tax

Value-Added Tax

Withholding Tax

Stamp Duty

Capital Tax

Social Security Contributions

Transfer Tax

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our Cyprus Entry Strategy services involve the following services:

About the Cyprus Entry Strategy

Our Cyprus Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in Cyprus are LLC, Investment Holding LLC, Representative Office, Trust Entity, and Free Zone LLC. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Cyprus. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in producing accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on complex accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Employer on Record Services

An Employer of Record (EOR) is an entity that legally employs workers on behalf of another business. An EOR is fully responsible for all aspects of employment, including compliance, payroll, taxes, and benefits. Our team can act as an EOR and help in onboarding employees for our clients with the best part being that you shall have control over the daily activities and responsibilities of the employees.

Frequently Asked Questions

It cost around €1200 to €4000 to set up a company in Cyprus.

It usually takes up to 10 working days to set up a company in Cyprus.

The minimum share capital for a company is 1.000 euros and each share must have a nominal value of 1 euro.

Anyone can set up a company in Cyprus there is no residency or other restrictions as to who can set up a company in Cyprus.

Yes, a foreigner can open a company in Cyprus as a non-resident. No specific requirement is there for foreigners to establish a business presence in Cyprus.

Yes, you can definitely set up a business in Cyprus.

Cyprus offers unique tax opportunities to international businesses. There is low tax rate and a favorable network of double tax treaties which makes it a preferrable country to set up a company.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s, CPA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CA/CPA/CFA.

Strong team of In-house Lawyers/Attorney’s/CA/CPA/CFA

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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