Establish a company in Southern Cyprus with Sirket.io assurance. Apply with a single click and become a Southern Cyprus company owner within 14 days.
Apply NowCyprus is an attractive country for investors with its low corporate tax rate, strategic geographical location and developed infrastructure. The country’s EU membership provides access to the large European market of over 500 million consumers. Cyprus’ tax system provides taxation on locally sourced income, while providing significant exemptions for capital gains and dividends. In addition, special incentives such as the “Intellectual Property Box” for innovation-focused companies provide tax exemptions of up to 80% of research-based profits.
The corporate tax rate in Southern Cyprus is 12.5% , one of the lowest in the European Union. Cyprus’ regional tax system levies taxes only on locally sourced income. Cyprus also offers a number of tax incentives and deductions that can lead to an even lower effective tax rate under certain conditions. Companies can claim tax relief on research and development expenditure and benefit from tax exemptions for intellectual property income.
Income tax rates in Cyprus are progressive according to income and range from 0% to 35% . In addition to income tax rates, Special Defense Contribution tax is levied instead of income tax on dividends (17%) and interest income (30%). Rental income is subject to Special Defense Contribution tax of 2.25% in addition to income tax. In order for an individual to be considered tax resident in Cyprus, they must reside in Cyprus for 183 days in a calendar year, or reside in Cyprus for 60 days and not reside in another country for 183 days, or be tax resident in another country and work or operate in Cyprus. Tax residents are taxed on their worldwide income, while non-tax residents are taxed only on income and capital gains derived from Cyprus.
After the necessary documents are prepared for the establishment of the company, the establishment process is usually completed within 2 weeks , while opening a commercial bank account can take an additional 4 weeks . Therefore, if all stages of the process are completed completely, it is possible for the company to be fully operational within 6 weeks .
We establish your company in Southern Cyprus in just 14 working days!
Certificate of Incorporation, Registered Address Certificate, Director and Secretary Certificate, Partners and Capital Certificate
This package covers all the necessary legal and administrative steps for investors and entrepreneurs planning to establish a company in Cyprus, providing a smooth and harmonious establishment process.
