Useful Information for Cyprus Relocation


Stable economy with high level of education and high calibre staff available


Legal System

Anglo English Legal System established (common law)



English language is a second language in the island


EU Membership

Since 2008


Tax Treaties

More than 55 double tax treaties


Business Costs

Significantly lower operational costs compared to other EU countries



Very modern country with population of approximately 800,000


Professional Services

High level of services offered by accountancy and legal firms 



Easy access from Europe, Middle East and the rest of the world via flight


Local Transport

Excellent public transport and infrastructure





Time Zone

UTC + 2 (Eastern European)

Incorporation of Companies

Between: 1 day - 1 week (depending on clients request)


Registration of Company Names

Between: 3 working days


Opening of Bank Accounts

Between: 1 - 2 working weeks

Information needed

Corporate Bank Account Information Needed
Information needed to open a Cyprus Corporate Bank Account ( 2016 / 2017)
CYAUSE New Bank Account_Info Needed 2016
Adobe Acrobat Document 150.3 KB