Types of companies in Cyprus
- Private company limited by shares (LTD)
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Private company limited by shares (LTD)
- Limited
- No
1 (maximum 50)
SMEs
- Joint-stock company (PLC)
- Limited
- 15,000 €
1
Big companies
- Limitedpartnership
- Limited
- No
1
–
- Soleproprietorship
- Unlimited
- No
1
Sole trader
Corporate tax rate in Cyprus
Corporation tax rate in Cyprus is at 12.5%.
Questions
Why should I incorporate my company in Cyprus?
- Workforce is qualified and dynamic.
- Purchasing power is on the rise.
- English is the common language for business.
Which difficulties can be encountered in Cyprus?
- The island is divided between the Turkish and the Greeks which can place a strain.
- Cyprus has been hard hit by the economic crisis.
- Cyprus suffers from an energy dependency.
Which are the cultural specificities of the world of work in Cyprus?
- Cypriots are very pleasant.
- Trust and business respect are very important for them.
- They appreciate knowing their collaborators and it is common to be invited to take a coffee.
