AN IDEAL PLACE FOR ENTREPRENEURS, FREELANCERS, AND STARTUPS.
Easy process of setting up a company remotely
Exemption from taxation on income from securities transactions
Tax-free status
"Non-Domicile"
Simplified system for hiring foreign employees
No withholding tax on dividend and interest payments
Tax benefits on profits from the sale of securities
Ideal for working with the European Union and the USA
Exemption from tax on dividend income
No taxes on assets
FOUR STEPS TO A BORDERLESS BUSINESS
.01
COMPANY REGISTRATION
We prepare and submit the application to the Registrar of Companies of the Republic of Cyprus. Your personal presence is not required
Processing time: 10 business days.
.02
OPENING A BANK ACCOUNT IN CYPRUS
We assist in preparing all the necessary KYC information and meeting the minimum requirements for bank compliance to approve the bank application.
Processing time: 30 business days.
.03
OBTAINING PERMISSION TO HIRE FOREIGN EMPLOYEES
To obtain permission to hire third-country employees (non-Cypriot and non-EU) and arrange their residence permits with work rights, our specialists will assist you in obtaining the certificate of a ‘Company with Foreign Interest.’ Your personal presence is not required.
Processing time: 20 business days.
.04
ARRANGING WORK VISAS FOR FOREIGN EMPLOYEES
Preparation of the required documents for employees and their family members. The work visa is issued for two years and can be renewed every two years thereafter
Processing time: 20 business days.
FREQUENTLY ASKED QUESTIONS
For how long is a work visa issued to employees of international companies?
For two years with the option to extend.
What are the requirements for residing in Cyprus?
You cannot be absent from the country for more than 90 consecutive days. If this period is exceeded, the work visa will be invalidated, and re-entry to Cyprus with this visa will be impossible.
Who is considered a family member?
Spouses and minor children.
Do the spouses of work visa holders have the right to work in Cyprus?
Yes.
What is the minimum stable income required to obtain a work visa for an international company?
A minimum of 2,500 euros per month before taxes and fees.
Is a bank account in Cyprus required for an individual to apply for a work visa?
There is no such requirement from the immigration authorities.
However, a Cypriot bank account will be needed to issue a guarantee letter for family members.
OUR SERVICES
Company Registration
Nominee Services
Obtaining "Company with Foreign Interest" Status
Employee Working Visa
Visas for Employees' Family Members
Opening a Corporate Bank Account
Opening Bank Accounts for Employees
Concierge Services
Real Estate: Selection of rental housing or office space
Transport: Assistance with car rental and delivery
Internet & Telephony: Assistance with connection to a local provider
Insurance: Arranging medical insurance for employees and their family members
Healthcare: Consultation on how the Cypriot healthcare system works