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Etalon Estate Group

Considering Moving and Doing Business in Cyprus? What’s Next?

Cyprus attracts entrepreneurs from all over the world with business-friendly regulations and a high standard of living. You can benefit from favorable tax policies, which help your business grow while enjoying a Mediterranean climate and a high level of security.

Rozważasz przeprowadzkę i prowadzenie biznesu na Cyprze.

What Does the Process Look Like?

1. Company Registration

  • You need to establish a company in Cyprus that will conduct actual business operations.
  • A physical office (either rented or owned by the company) is required.

2. Position in the Company

  • To take full advantage of available benefits, you must hold a director’s position in the Cypriot company.

3. Bank Accounts

  • At least two bank accounts are useful: a corporate account and a personal account for the business owner.

4. Obtaining Residency

  • This is usually done through official employment in your own company.

5. Residential Address

  • You need to secure a place to live in Cyprus – either a rental property or a purchased home.

Meeting these requirements allows you to apply for a certificate confirming the transfer of your center of life interests to Cyprus. Notably, in some cases, you only need to stay on the island for 60 days a year.

What Benefits Does Cyprus Offer for Businesses and Individuals?

Business-Friendly Tax Policies

  • The standard corporate tax rate is 12.5%.
  • Some types of income (e.g., from trading stocks or bonds) may be subject to zero tax.

Tax-Free Allowance

  • Annual income up to €19,500 is not subject to taxation.

No Tax on Dividends

  • Business owners can transfer profits without additional tax burdens, provided it is structured according to legal and international agreements.

No Inheritance or Gift Tax

  • In Cyprus, inheritances and gifts are not taxed, helping to avoid extra costs.

What About Family Life in Cyprus?

Residence Permits for Family Members

  • A spouse and children can obtain a temporary (Temporary Residence Permit) or permanent (Permanent Residence Permit) residence permit.

Healthcare

  • Both public and private medical facilities of high quality are available on the island.

Education

  • Children can attend international schools with an English-language curriculum.

Safety and Climate

  • Cyprus has a low crime rate and a welcoming atmosphere.
  • The Mediterranean climate encourages an active outdoor lifestyle.

Why Are More People from Poland Choosing Cyprus?

Easier Business Expansion

  • As an EU member, Cyprus is a convenient hub for serving international clients.

Attractive Financial Regulations

  • Favorable tax policies while ensuring full transparency and legality.

High Quality of Life

  • The perfect combination of business-friendly conditions and a pleasant lifestyle.

How to Get Started?

If you’re planning to move to Cyprus and are looking for a property, Etalon Estate Group can help.

We offer:

  • Comprehensive support in buying, selling, and renting real estate.
  • Assistance in selecting the best location.
  • Legal and regulatory advice.

Contact us for expert guidance at every step of finding your new home in Cyprus.