CYAUSE Articles

In May 2021, our family embarked on a new chapter by relocating to Cyprus—a decision influenced by multiple factors including the desire for a fresh family experience, financial considerations, and a yearning for a slower pace of life. Given that both my partner Roman and I work remotely and hold a Portuguese passport, which I secured in April 2021, we had the flexibility to move to any country within Europe. Ultimately, we chose Cyprus.

In this article we will analyse why Cyprus is the most attractive jurisdiction for Company shareholders.

In our previous Article Opening a Bank Account in Cyprus we have explained the procedure and the documentation needed to open a bank account in Cyprus, below we are providing 6 tips to make the procedure easier and to avoid common mistakes.

Cyprus, an attractive destination for startups, combines strategic location, a favorable tax regime, and a thriving business environment. Whether you're a tech innovator, a service provider, or an investor looking to tap into the island's potential, here's what you need to know about starting a business in Cyprus.

In Cyprus, each salaried person or self-employed person must have a Personal Tax Identification Code (T.I.C) and a Personal Social Insurance Number (S.I.C). Consequently, the registration of personnel is made through the Social Insurance Office and the Income Tax Office, unfortunately, on a paper application.