FAQs
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Cyprus is considered to be one of the most attractive jurisdictions in Europe to form a limited liability company due to its advantageous tax system. Cyprus holding companies enjoy all the benefits that the low tax jurisdiction has to offer such as full exemption from tax on dividend income, no withholding tax for dividends paid to non-residents, no capital gains tax and one of the lowest company tax rates in Europe of just 12.5%.
In addition, Cyprus has more advantages such as its corporate laws which are based on the English Companies Act and are in line with EU directives, low incorporation fees and a quick incorporation process.
Moreover, Cyprus has a wide double tax treaty network and is currently negotiating for more.
All non-citizens of Cyprus (apart from citizens of EU member states) have to obtain a work permit which authorizes them to work in Cyprus while still in their country of residence.
Certain categories of workers and nationals of certain countries can enter Turkey without a visa. However, if individuals want to work in Cyprus, they’ll still need a Cyprus work visa, which authorizes them to live and work in the country for the long term.
The employer has to apply for a Cyprus work permit on behalf of the employee and a residence permit if you intend to extend your stay in the country beyond 90 days.
As an EU Territory, Cyprus enables non-EU/EEA citizens to stay and work in Cyprus (or in Europe at large) under a European Union Blue Card. It enables non-EU/EEA citizens to first live and work in an EU Member State or Territory and, ultimately, gain EU permanent residence and citizenship.
Generally, no formal or specific eligibility requirements for work visas are mentioned. So, non-citizens can stay and work legally in Cyprus — except for Temporary Resident visa applicants or remote workers (for up to six months).
That said, certain visa types may enable non-citizens to apply for a work permit in Cyprus:
No specific eligibility requirements are mentioned for each visa class.
Cyprus has only one type of long-stay visa: Long Stay Visa (Category D), which enables non-citizens to stay in Cyprus for up to one year.
No specific eligibility requirements are mentioned to get a Long Stay Visa (Category D).
There is no formal employee work visa sponsorship in Cyprus. Once an employment agreement between the employer and employee is finalized, a non-citizen candidate can proceed to apply for a visa to enter Cyprus under any said C-Category class.
In addition to an invitation letter, non-citizens accepted by a Cyprus-based employer need to provide an Assumption of Responsibility to Host form, as indicated above.
There are no digital nomad visas or programs in Cyprus — at least so far. Instead, remote workers can still stay and live in Cyprus as digital nomads only for up to six months, after which an application to stay longer is approved on a case-by-case basis.
When you’re hiring and paying non-citizens in Cyprus, there are regulatory risks you could face, the least of which are fines and the worst being civil and criminal offenses.
To anticipate complications and manage immigration-related procedures in Cyprus, it’s worth partnering with an EOR. Remote can minimize legal risks and help you hire compliantly in Cyprus while removing the hassle of managing payroll, benefits, and taxes for your international employees. Specifically, we can help you avoid permanent establishment risks and provide continued support with local (and evolving) labor laws.
Learn more about the steps involved in employee relocation, by checking out Remote’s Relocation Guide. Or contact our Mobility experts for advice on hiring or relocating your employees internationally.
* Knowledge of Regulations: Immigration law in Cyprus is constantly evolving. A lawyer stays updated on the latest regulations and procedures, ensuring your application is processed correctly.
* Experience with Applications: Immigration lawyers have a proven track record of successfully navigating the application process, minimizing the chance of errors.
* Communication with Authorities: Navigating the Cypriot government can be challenging. An immigration lawyer acts as your advocate, handling all official communications on your behalf.
* Peace of Mind: An experienced immigration lawyer gives you peace of mind knowing your application is in expert hands, increasing your chances of a successful outcome.
Moving to Cyprus is a significant decision. Don't navigate the process alone. Contact a reputable immigration lawyer today for a personalized consultation and let them help you make your Cypriot dream a reality.
Cyprus has the most attractive corporate tax regime in the European Union and Eurozone, namely due to its low corporate tax rate of 12.5%, together with an extensive network of double tax treaties with other countries (almost 50 tax treaties), tax-sparing provision with 15 countries and a number of signed a multilateral Memorandum of Understanding. Other corporate tax benefits of Cyprus include:
At Irineos.GCS, we understand the importance of confidentiality in all legal matters. We treat every client and their case with the utmost discretion, adhering to the strictest legal and ethical standards.
We uphold client confidentiality from the moment you first contact us, even if you ultimately choose not to proceed with our services. This commitment extends throughout every stage of your legal journey.
We adhere to all legal requirements regarding client confidentiality and maintain strict corporate policies to safeguard your sensitive information.
You can rely on us to maintain the privacy of your case, ensuring your legal matters are handled with professionalism and discretion.
We offer additional public relations services to support your legal campaign. Our team can assist you in managing media communications and public perception, minimizing the impact of legal issues on your reputation.
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