Hi,

I am a Spanish citizen (EU passport) and I would like to relocate to Cyprus profiting the non-dom program and to create a company in Cyprus as a sole proprietor, with the intent of selling digital services (consulting / software licensing)

I have a few questions I hope you may be able to help me with :)

 * How much would be the cost of incorporation? Euro 900 + disbursements + VAT, one off charge.

 Non-Dom Application: Euro 800 + VAT per person, one off charge.  Non-Dom applicants must be employees in a CY company for a minimum salary, and therefore need a yellow slip. Will you be an employee of the CY company to be incorporated? 

Yellow Slip application: Euro 600 + VAT, one off charge . This is mandatory to be able to live here for more than 90 days per annum, for employment purposes and for the Social Insurance Services registration. This takes approximately 1-2 weeks to be examined. 

Fiduciary Services: You need to be the director and shareholder of the CY Company for the purposes of Non-Dom. Can you also be the secretary. If you do not wish to be the secretary we can offer our fiduciary services for a nominee secretary for Euro 400 + VAT per annum and also a registered address for another Euro 400,00 + VAT per annum.

Bank account set up: if you need us to open a bank account on your behalf,  Euro 950 + VAT, optional, one off charge. Note: this is something you can do on your own when you visit Cyprus but it is a very time consuming and tiresome exercise.

Registration with local authorities, etc.: as per this link, one off. Notes: As a Non-Dom you will be the director, shareholder of the Company. We can act as your registered address as well if you want for Euro 400 +VAT per annum.

* How much would be the yearly accounting services cost? Fees indication as per this link, annual recurring fee. Note: In order to give you an accurate quotation we will have to know a lot of details about your operations which can be discussed on a  call.

 * Do I need to have an address / solve my non-dom status before creating the company or is it the other way around? You need a residential address for the purposes of the Non-Dom application, however we can proceed first with the company incorporation and then proceed with the Non - Dom application.

 * Is it an online process or would it be necessary to pay you a visit? No need to pay us a visit. Virtual calls are sufficient.

Thanks in advance, Client

Dear Client,

Good morning and thank you for your email.

Please find our comments in blue.

You can find useful information related to tax and Non-Nom status on our YouTube channel here: Cyprus Tax & Relocation - YouTube and via our website

Should you have any questions, or need any clarification, please do not hesitate to contact us. We can also set up a call and go through your inquiry, or any questions you may have. Just let us know if you wish, and share your availability, so we can arrange it accordingly.

If you don't need a call, once you approve the fees, we will send you an invoice to be settled and commence with the incorporation of the Cyprus company and the Non-Dom application.

Looking forward working with you.

Remaining at your disposal.

Kind Regards.