Different lawyers in Nicosia, Cyprus offer a wide range of legal services. As legal matters can be quite complex you should research your options and choose the one which suits your needs best. Local law firms, international law firms, and specialised firms with foreign – oriented customers approach. If you are looking for new business opportunities in Cyprus we advise you to consider the latter. Our team of lawyers and other specialists is here in Nicosia to help you with all the matters you need.
Why Cyprus is a popular jurisdiction for business?
The island of Cyprus is often considered one of the most promising business hubs in the European Union. Cyprus is an attractive destination for holding company jurisdiction because of it‘s tax regime. The corporate tax rate in Cyprus is 12.5% which is one of the lowest corporate tax within the EU and has the lowest non-offshore jurisdiction corporate tax rate in the world (alongside Ireland). Furthermore, Cyprus has a very business and investment-friendly government. Therefore, there are many advantages to using Cyprus as a corporate and business hub, investment, or other professional purposes.
How can we help you?
However, the successful development of business opportunities in a foreign country requires knowledge of the legal regime and culture of the business environment. As an independent corporate service provider among other things, we can assist you in setting up the company in Cyprus, align your company’s management as well as finance management with Cyprus legal regulations, to move your management to Cyprus by taking care of immigration and work permit procedures and answer all your questions that might arise.
Naturally, before entering the new market you may have a lot of questions, these are the most common questions which might help you to get started:
Is Cyprus a tax haven?
No, Cyprus doesn’t have a tax haven status anymore. Cyprus is an EU Member State and meets EU laws and directives on tax transparency.
What is the corporate tax rate in Cyprus?
12.5% It applies to all types of companies that are Cypriot resident companies.
What is considered Cyprus tax resident?
A company is a Cyprus tax resident if it is managed and controlled in Cyprus.
How long does it take to register a company in Cyprus?
Usually, it doesn‘t take long – between 5 to 10 days.