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Question: How To Register A Startup In Cyprus?

How do I start a startup in Cyprus?

submit the documents related to the company registration procedure with the Cyprus Companies House; register the company for taxation, VAT and social insurance and pension purposes; obtain the necessary business licenses which will allow the commencement of the economic activities.

How much does it cost to register a company in Cyprus?

The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.

Can a foreigner register a company in Cyprus?

To start a new business in a foreign country needs proper planning and adequate capital. Cyprus is a member of the EU, so for other EU citizens, there is no restriction for people who want to be a self-employed person or start a business in Cyprus.

What do I need to start a business in Cyprus?

How to Start a Business in Cyprus?

  1. HE1 Form.
  2. HE2 Form.
  3. HE3 Form.
  4. Memorandum of Association.
  5. Articles of Association.
  6. Passport copy of Directors and Company Secretary.
  7. Address proof of the office.
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Can I open a company in Cyprus?

Yes. A local registered office is needed for a company incorporated in Cyprus. The incorporation documents must be kept at this address. Our Cypriot company formation advisers can offer to businessmen special virtual office packages which include a local address.

Why Cyprus is good for business?

Cyprus has a modern, free-market, service-based economy giving international investors and domestic businesses confidence to invest, grow and prosper. The tertiary sector of services is considered the backbone of the Cyprus economy and with a high income per capita, the consumer market is particularly strong.

How long does it take to set up a company in Cyprus?

It usually can take up to 10 working days to establish a new company in Cyprus. If time is of high importance, there are shelf companies available.

How much does it cost to register a company?

The registration fee for organization’s whose nominal share capital is limited to Rs. 10,00,000 – Rs 2,000. The registration fee for organization’s whose nominal share capital ranges between Rs 10,00,000 to Rs 50,00,000 – Rs 2000.

How do I start an LLC in Cyprus?

The following steps must be completed in order to open an LTD in Cyprus:

  1. reserve a trading name (the shareholders must make sure the name is unique);
  2. draft the incorporation documents;
  3. set up the corporate bank account and deposit the share capital;
  4. file the documents with the Companies Register;

Why companies are registered in Cyprus?

The main reason why Cyprus has become a great attraction as a business location is the business-friendly tax system that offers many advantages to companies that are based in the country. The key benefit of a resident corporation is the uniform 12.5% corporate tax rate which is one of lowest in Europe.

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What is Cyprus currency?

Despite the north’s technical existence as part of the island of Cyprus, it has maintained the Turkish lira (TRY) as its official currency, though businesses serving tourists often accept payments in euros (EUR), British pounds (GBP) or U.S. dollars (USD).

Which business is best in Cyprus?

Top 10 Small Business Investment Opportunities in Cyprus

  • Construction Company.
  • Property Rental Business.
  • Educational Consultancy Services.
  • Clearing and Forwarding Business.
  • Travels and Tours Company.
  • Transportation Business.
  • Auto Mechanic Workshop.
  • Web Design and Web Hosting Business.

How do I register as self employed in Cyprus?

Self-employment in Cyprus Go to the Department of Labour and register your company name. In the same building, you can register for Social Insurance and get a Social Insurance Number. Next, use the name registration document and Soc.

How do I register a company in North Cyprus?

To open a company in Northern Cyprus: Provide copies of the passports of all shareholders. Provide a certificate of good conduct of all members of the company. Suggest a few names for the company. According to laws of Northern Cyprus the name of a company must be unique, and cannot include certain words.

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