Start a business in Cyprus
Cyprus is renowned for its favorable economic environment and friendly setting for business owners, presenting numerous opportunities to achieve your goals. Our firm is dedicated to supporting you at every step, offering expert guidance and support to ensure a seamless and prosperous start for your business.
Steps and solutions
Our systematic method simplifies the process of starting a business in Cyprus. We provide tailored solutions that accelerate your journey to success, covering everything from selecting the ideal corporate structure to providing comprehensive support with registration, licensing, banking, and additional services.
Determine business activities
When launching a business, a key step is identifying its business activities. This involves outlining the main functions, services, or products that the company plans to provide or participate in. A precise description of these activities is vital for adhering to legal requirements and for forming a distinct identity for the business. We offer support in starting businesses across various industries, including but not limited to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in starting your business. There are several options to consider, such as Public Limited Liability Company, Private Limited Liability Company, Limited liability company by guarantee without share capital, Limited Liability Company by guarantee with share capital, Branch Office, and Holding Company in Cyprus. Each type of legal entity has unique effects on liability, tax responsibilities, and the flexibility of operations. It is essential to seek legal advice and perform detailed research to identify the best structure that aligns with your business objectives.
Conducting thorough market research
The experts will assist you in conducting thorough market research and provide valuable insights into consumer preferences, market trends, and competitive analysis. With this knowledge in hand, you can develop a strong business plan and create a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the required licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure you acquire all the required licenses.
Opening a business bank account
The team will assist you in selecting a reliable bank and will guide you through the account opening process. We will offer support with the necessary documentation, manage communication with the bank for you, and ensure that your corporate account is tailored to your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, such as preparing and submitting the required documentation. We will streamline the registration process to save you time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in setting up effective accounting systems and procedures, making sure you keep accurate financial records and comply with accounting standards. We will aid you in handling your business finances efficiently, covering everything from bookkeeping to the preparation of financial statements.
Business landscape in Cyprus
Cyprus offers a favorable environment for businesses, presenting opportunities in finance, shipping, and real estate. Its strategic position at the intersection of Europe, Asia, and Africa, along with an advantageous tax system and a talented workforce, positions Cyprus as an excellent choice for companies aiming to grow their international presence.
Start a business with us
Our team is completely ready to assist you at every stage of starting a business in Cyprus. When you’re ready to begin, contact us using the form below to find out more and schedule a consultation. Let us be your reliable advisors as you explore the unique opportunities in Cyprus, turning your entrepreneurial goals into real success.