Cyprus Guide: Business

Starting a business in a new country is a challenge, as it is everywhere. Find information here about company creation, prospects in the marketplace and tips on how to avoid problems. Get in contact with other people in the forums and post a classified if you are looking for or offering business opportunities.

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  Business Formation

  Cyprus Business Registration

  The procedures necessary for an individual to commence business activity.

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  Cyprus Business Structures

  Forms of company used

  Setting up in business in Cyprus is relatively straightforward. Non-Cypriot citizens, especially those whose native country is a member of the EU, can start up in business in Cyprus with minimal restrictions.

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  Cyprus Foreigners in Business

  Limitations on foreigners in business

  Individuals who are foreign nationals can run businesses in Cyprus and can be on a Board of Directors of a company, although those from outside the EU require more in the way of work and residence permits, as opposed to individuals from other EU member states. Non-EU nationals also require a permit if they wish to acquire real estate in Cyprus.

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  Cyprus Business Licensing

  Licensing of business activity

  Licences, or permits are required for certain business activities in Cyprus, with the licensing authority depending on the activity in question.

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  Business Taxation

  Cyprus Value Added Tax (VAT)

  Cyprus introduced VAT in 1992 and has subsequently amended the VAT laws to bring them into compliance with European rules in this area.

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  Taxation in Cyprus

  Business Capital Gains Tax (CGT)

  The rate of Capital Gains Tax (CGT) is 20% on the sale of property located in Cyprus. Profits from the sale of shares owned by a company that owns property in Cyprus are also taxed at 20%.

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