Registration of Foreign Employers in Cyprus Registration of Foreign Employers in Cyprus CYAUSE LTD / Thursday, June 2, 2022 0 233 Article rating: No rating Non-EU Employers Registration in Cyprus Read more
Tax Consultation Tax Consultation Kyriakos Tramountanellis x / Thursday, June 2, 2022 0 87 Article rating: No rating Tax Consultation for a Client Read more
Employment in Cyprus Employment in Cyprus Kyriakos Tramountanellis x / Friday, May 27, 2022 0 454 Article rating: No rating 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. Read more
Business Seminars from ANAD Business Seminars from ANAD Kyriakos Tramountanellis x / Wednesday, May 25, 2022 0 64 Article rating: No rating Έναρξη λειτουργίας των τριών παρακάτω σχεδίων ανακοίνωσε η ΑνΑΔ, στην διαδικτυακή πύλη Ερμής, από την 01/06/2022. Read more
Submission of the 2021 Income Tax Return for Individuals Deadline Submission of the 2021 Income Tax Return for Individuals Deadline Kyriakos Tramountanellis x / Monday, May 23, 2022 0 65 Article rating: No rating Έχει αρχίσει η υποβολή της Δήλωσης Εισοδήματος Ατόμου 2021, η διαδικασία μπορεί να γίνει μέσω Taxisnet Read more
Simple steps for the creation of a Cyprus Company Share Written By Kyriakos Tramountanellis Tags bankbankingcompanycompany ownercompany set upcreate companycreationcypriusdirectorsdirectory of shareholdershow tohow to create a cyprus companyincorporationlimassollimitedlimited companiesnicosiashareholderstips to open bank accountwhat do bank want 2022-01-04 Creating a Cyprus Company couldn't have been easier! In this short article we will show you how to simple it is to create a Cyprus company in few steps. Trust us we do this on a weekly basis! 1. Cyprus Company Structure All Cyprus companies must have the below set up: Director - at least 1 person Company Secretary - 1 person Shareholders - at least 1 and less than 50 persons Registered office - in the republic of Cyprus Want to know more - see explanatory video here. 2. Timeframes Company name approval - 5 working days (1 week) Company creation - 15 working days (3 weeks) Issuance of certificates - <5 working days after the company formation (< 1 week) As you can see setting up a company from scratch usually takes 3 - 4 weeks. Tip - If you urgently need a Cyprus company: a) you can obtain one by buying a company off the shelf (see explanatory video here) b) apply for any available name advised by your service provider and you can rename the company later on 3. The Process 1. Decide on the composition and set up 2. Agree on the fees 3. Sign relevant engagement letters 4. Transfer the fees to the service provider (who will use the majority of them to pay government disbursements) 5. Service provider will proceed with the incorporation of the company (more information here) 6. Service provider will send you the incorporation documents 7. Auditors and accountants will proceed with the registration of the company with the local authorities (VAT, TAX, etc) 8. Proceed with opening of the bank account (more information here) 9. Once the bank account is ready you can commence trading! 4. Need a Cyprus company Contact us and we will commence the incorporation as soon as possible. 5. Relevant Literature Complete guide on Cyprus company creation Cyprus Company Taxation Relocating to Cyprus - YouTube Explanatory Videos Maintenance of a Cyprus company