Headquartering in Cyprus –
Fast track Business Activation Mechanism
Headquartering and company relocation in Cyprus is now even more attractive through the introduction of the Fast Track Business Activation Mechanism.The Fast Track Business Activation Mechanism was approved by the Council of Ministers on 3rd of September 2020 aiming to further attract foreign business to Cyprus as well as to provide fast and efficient services to foreign businesses wishing to establish presence in Cyprus.
Establish A Physical Presence with Headquarters in Cyprus
So why set up your headquarters in Cyprus?
Strategic Location:
Provides access to European, Middle Eastern, and North African markets.
EU Membership:
Allows companies to access the European single market and operate across other EU jurisdictions
Favorable Tax Environment:
Features a low effective tax rate on qualifying IP income (around 2.5%) and tax exemptions for new non-domiciled employees earning over a certain threshold, Corporate tax one of the lowest in the EU at only 12.5%
Cost-Effective Operations:
Generally offers lower setup and operational costs compared to other major jurisdictions
Quality of Life:
Offers a safe and relaxed lifestyle for professionals and their families, with good infrastructure, healthcare, and education facilities
Skilled Workforce:
Benefits from a skilled and available workforce
Third Country Nationals:
Temporary Work and Residence Permits of up to 3 years for third country national employees (renewable upon expiry)
Digital Nomad Visa:
Residence Visa or third country nationals - individuals for a period of up to 3 years
Tax exemption:
Tax exemption of 50% for new non domiciled employees with employment remuneration of ≥ €55.000 (valid for 17 years)
New Government Incentives for Third Country Nationals (TCNs)
Favorable Companies
Companies of foreign interest operating in the republic of Cyprus
Shipping companies
High-tech / Innovation companies
Pharmaceutical / biotechnology
Public companies registered on any recognized stock exchange
We can help you find your new hQ
Wether your looking for a small office or a large commercial building to house your bussiness we have your back.. contact us to assist you with your commercial property search.