Remote Registration of Cyprus Company Why Register Your Company in Cyprus? Cyprus offers a compelling business environment for entrepreneurs and investors seeking a stable, tax-efficient, and EU-compliant jurisdiction. Here’s why you should consider registering your company in Cyprus: Tax Advantages Low Corporate Tax Rate: Cyprus boasts one of the lowest corporate tax rates in the EU, at a competitive 12.5% on net profits. This can significantly enhance your company’s profitability. Zero Dividend Tax: Non-Cypriot citizens, both individuals and corporate shareholders, enjoy a 0% dividend tax. This means you can repatriate profits without incurring additional tax burdens. Tax-Free Sale of Shares: Cyprus offers tax-free sale of shares, making it an attractive option for holding companies.Double Taxation Relief: Cyprus provides double taxation relief, regardless of the existence of a double taxation treaty. EU Advantages EU Company: Establishing a company in Cyprus grants you the benefits of being an EU company, offering access to the single market, trade agreements, and international recognition. VAT 0% for B2B Transactions: Cyprus allows for 0% VAT on B2B transactions within and outside the EU, based on EU directives. Convenience and Flexibility Remote Business Setup: Cyprus offers one of the most flexible company registration processes, allowing you to register your company entirely remotely, without the need for physical presence in Cyprus. Streamlined Process: Once we receive the necessary documentation, company registration typically takes around 10 working days. Additional Benefits: Strong Legal Framework: Cyprus has a robust and transparent legal system, offering security and stability for businesses. Well-developed Infrastructure: The island boasts a well-developed infrastructure, including banking, telecommunications, and transportation, supporting your company’s operations. English-speaking: Cyprus is an English-speaking country, making communication with local authorities and service providers hassle-free. Get Started Today Our expert team is ready to guide you through the entire company registration process, from initial consultation to securing the necessary documentation. Contact us today for a free consultation and let us help you unlock the potential of Cyprus as your business home. How to get the Cyprus Permanent Residency fast? Cyprus Residency: Your Gateway to a Mediterranean Lifestyle Are you dreaming of a life in the sun-kissed Mediterranean? Cyprus, with its beautiful beaches, warm climate, and vibrant culture, offers a welcoming environment for both individuals and businesses. IRINEOS. GCS, a reputable law firm in Cyprus, is here to guide you through the process of obtaining residency and setting up your business in this idyllic island nation. Cyprus Residency for Non-EU Citizens Non-EU citizens can pursue permanent residency in Cyprus after at least 5 years of continuous legal stay. This requires holding a Temporary Resident Permit for the entire preceding period. Cyprus Residency for EU Citizens EU citizens have the right to reside in Cyprus for any period of time. However, if you plan to stay longer than 3 months, you must register with the authorities. EU citizens enjoy the freedom to work or engage in self-employment in Cyprus without any restrictions. Documents Required for Residency Applications: * Valid passport or ID card * Medical insurance certificate (IRINEOS. GCS can assist with this, starting at €150) * Rental agreement or contract of sale Additional Information: * Biometric fingerprints are required at the Immigration Department. * Employment agreement (if applicable) * Family members of EU citizens have the right to work in Cyprus. * Registration certificates are typically issued within 2 weeks to 2 months. IRINEOS. GCS Can Assist You With: * Completing the application procedure * Filing necessary documents with the authorities * Company registration (including tax structures for dividends, royalties, etc.) * Finding a property for purchase or rent * Legal aspects of real estate transactions (agreements, research, etc.) * Opening bank accounts and registering with relevant authorities (Social Insurance, VAT, etc.) * Assessing your eligibility for residency permits. Why Choose IRINEOS. GCS? * Personalized service and frequent communication. * Confidentiality and discretion for your information. * Expertise in Cyprus legal matters. * Commitment to making your transition to Cyprus smooth and successful. Are you ready to embark on your Cyprus adventure? Contact us for a free consultation and let us help you navigate the process of residency and business setup in Cyprus. Work permits and visas in Cyprus: an employer’s guide Hiring an employee in Cyprus or relocating an existing team member to the country comes with both opportunities and risks. While it can add more diversity to your team, there are also regulatory issues to be mindful of. Complying with international tax practices, for example, is one area many employers struggle with. Alternatively, the employer may fail to secure the correct work permits or visas that allow an individual to legally work in the country. Working with an employer of record (EOR) like Remote removes the hassle and risks of hiring abroad. An IRINEOS.GCS takes on the legal responsibility of hiring and paying employees and minimizes the stress and hassle involved in global employment. Remote’s team of employment experts can advise you on local labor rules, immigration guidelines, and tax practices — making global hiring stress-free. This article explains the work permits and visas process in Cyprus, eligibility requirements, and how Remote makes compliance easier if you’re hiring in Cyprus. The importance of immigration compliance in Cyprus Many governments are becoming increasingly aware of individuals working on tourist visas and are cracking down. If individuals are found to work in Cyprus without the correct paperwork, both the employer and employee can face financial penalties, legal issues, and reputational damage. Employers who wish to hire remote workers or digital nomads for over six months should also consider the risks of permanent establishment which are higher while working with distributed teams. Is Cyprus Immigration Your Life Goal? Make Sure You Connect With The Best Immigration Lawyers Setting Up Your Business in Cyprus: A Seamless Journey with Irineos.GCS Starting a business in Cyprus is a smart move, offering a stable economy, attractive tax benefits, and a gateway to the European market. Irineos.GCS is your trusted partner for a smooth and efficient company formation and beyond. Here’s what’s involved in setting up… Continue reading Remote Registration of Cyprus Company
