Why should I choose Cyprus to move my business?
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Cyprus offers a unique combination of EU membership, a competitive tax system, strong legal certainty, and a business friendly regulatory environment. It provides access to EU markets, an extensive double tax treaty network, and a stable corporate framework that supports international operations while maintaining straightforward compliance.
How fast can a company be registered and what is required?
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Company incorporation usually takes between 10 and 20 working days. The process is fully remote and requires basic shareholder documentation, including a passport copy and proof of address. No physical presence is required during incorporation.
What are the next steps after the company is registered?
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After incorporation, the company must be registered with the Cyprus Tax Department to obtain a Tax Identification Code, update the Ultimate Beneficial Owner registry, register for VAT if applicable, set up bookkeeping procedures, and register as an employer if staff will be hired.
Do I need to be in Cyprus to operate my company?
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Physical presence is not mandatory for daily operations. However, it is advisable to appoint at least one Cyprus resident director to ensure proper management, handle local procedures, and strengthen the company’s substance, reducing the risk of challenges by tax authorities.
If I move to Cyprus, do I stop paying taxes in my home country?
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Tax residency is generally determined by the 183 day rule or the Cyprus specific 60 day rule, which is considered one of the most flexible regimes in Europe. Once you become a Cyprus tax resident, Cyprus applies double tax treaty protections, preventing double taxation on the same income in another country.
Why do many people choose Cyprus over Dubai?
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While Dubai offers attractive tax rates, its structure is more complex and costly, involving multiple regimes and higher setup and living expenses. Cyprus provides a simpler company structure, lower operating costs, access to EU law, free public healthcare for tax residents, and a significantly lower cost of living.
Why is the legal system in Cyprus considered strong for companies?
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Cyprus follows the UK Common Law system, supported by extensive case law and well established judicial principles. This offers predictability, clarity, and legal stability in corporate, commercial, and shareholder matters, which is especially important for international businesses.
Do you offer special pricing for bulk or partner arrangements?
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Yes. We provide structured packages and preferential pricing for bulk projects and long term cooperation with international service providers, advisors, and business partners.