Question 1

How can I register my company in Cyprus?

Accepted Answer

Registering a company in Cyprus is a straightforward process that TaxInCy handles completely for you – from name reservation to compliance with all legal and tax requirements. The process includes company name approval, preparation of Memorandum and Articles of Association, registration with the Registrar of Companies, obtaining TIN and VAT numbers, and opening a corporate bank account.

Question 2

How long does company registration take in Cyprus?

Accepted Answer

Company registration in Cyprus typically takes 5-7 working days, provided that all required documents are submitted correctly and on time. TaxInCy ensures a smooth process by handling all documentation and regulatory requirements for you.

Question 3

What is the corporate tax rate in Cyprus?

Accepted Answer

Cyprus has one of the lowest corporate tax rates in the EU at 12.5%. Additionally, the IP Box regime can reduce the effective tax rate to as low as 2.5% on qualifying intellectual property income. Cyprus also offers no withholding tax on dividends paid to non-residents and an extensive network of double tax treaties.

Question 4

Can non-EU citizens start a business in Cyprus?

Accepted Answer

Yes, non-EU citizens can register and operate a company in Cyprus. TaxInCy provides full immigration support including visa applications, work permits, and residency permits to help non-EU nationals establish their business presence in Cyprus.

Question 5

What is the Cyprus IP Box regime?

Accepted Answer

The Cyprus IP Box regime offers up to 80% tax exemption on qualifying income derived from intellectual property assets such as patents, copyrighted software, and other IP rights. This can reduce the effective corporate tax rate to approximately 2.5%, making Cyprus one of the most attractive jurisdictions for IP-intensive businesses.

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