I am an Italian entrepreneur currently based in Sofia, Bulgaria. I will no longer be able to spend 183+ days per year in Bulgaria. I am now exploring Cyprus.

Dear Client,

Good morning and thank you for your email.

We will be happy to provide our services to you.

Please find below a breakdown of the requested services, related fees, and timeframes:

1) CY Company formation (Ltd): Euros 900 + disbursements + VAT, one off. With the speed up process the company will be registered within approximately 2 weeks from the date of submitting the application. This will take place once we gather and conduct our KYC checks, documentation and screenings. Brochure attached with useful information.

 2) Fiduciary Services: Euros 1800 + VAT, annual recurring fees (includes: nominee director, company secretary and registered office).

 3) Optional: Bank account set up: Euro 950 + VAT (but this is something you can do on your own whenever you are in Cyprus however, it is a very time-consuming and tiresome exercise though), one off. Brochure attached with useful information.

 4) Accounting, Payroll, Audit and Tax: Annual recurring fees. Subject to volume, complexity and ease of communication. Please refer to our website for an indicative annual cost, based on the company's needs. A more accurate offer will be provided at a later stage, once we discuss your tax status and the relevant needs.

 5) Non – domicile application: Euro 800 + VAT, one off. Kindly note that in order to be eligible for this, you should be registered as an employee under your Cyprus Company (Ltd). The Non-Dom Application takes approximately 1-2 months to be examined. Brochure attached with useful information.

 6) Residence permit: Euro 600 + VAT (yellow slip), one off . This is mandatory to be able to live here for more than 90 days per annum and for employment purposes. This takes approximately 1-2 weeks to be examined.

7) Tax Residency Certificate: Euro 600 +VAT, one off. This takes approximately 1,5 months to be issued.  Please  bear into account that you cannot apply for 2025 in 2025. You can apply for the 2025 Tax Residency from January 2026 onwards. You will be requested to show rental agreements, tickets of entry to Cy, bank statements showing movements in Cy, etc. 

 8) Tax registration: Euro 150 + VAT - one-off fee.

 9) Registration of the Cyprus company as an employer : Euro 150 + VAT  - one-off fee.

 10) Registration of employees under the Cyprus company: Euro 150 + VAT - per registration, one off fee. 

 11) Registration of the Cyprus company with the VAT : Euro 250 + VAT, one-off fee. 

12) Accommodation: We can assist you in finding a flat to rent, as we have trusted real estate associates. We can include this service in the final package once we conclude on the required services. 

 In order to be a Cyprus taxed resident one of the following requirements must be fulfilled: 

a) You have to spend at least 60 days in Cyprus and no more than 183 days in any other specific country (during a calendar year);

OR

b) You have to spend at least 183 days in Cyprus (during a calendar year). 

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

 Documents:Please find attached the brochures including all required documents. 

 Please let me know if the above is clear, if you need any clarifications, and if you wish to proceed with a consultation call. Once we conclude on the necessary services we will prepare a tailored made package for you.

If you wish we can proceed with a video call to better facilitate your inquiry. Just let us know your availability and we will arrange it. 

 We are looking forward to providing our services to you.

Remaining at your disposal.