How to Create a PayPal Account in Cyprus
What exactly is PayPal, and what are its advantages for Cyprus residents? PayPal is a payment system that enables users to send and receive money over the internet. It is one of the most widely used payment methods, with many businesses and organizations accepting it. PayPal provides several benefits to Cyprus users, including: – Convenience: […]
How to Pay Income Tax Online in Cyprus
The process of paying income tax in Cyprus is quite simple. Residents and non-residents can pay their taxes online using the e-filing system of the Inland Revenue Department (IRD). The first step for residents is to create an account on the e-filing website. This can be accomplished by providing basic personal information such as name, […]
How to Register an Association in Cyprus
Non-profit organizations (NPOs) and civil society organizations (CSOs) are the two types of associations that can be registered in Cyprus (CSOs). The registration procedure is straightforward and can be completed online. Here are the steps you will need to follow: 1. Come up with a name for your organization. The name must be distinct and […]
When did Cyprus join the EU?
The European Union has 28 member states as of May 2013. Cyprus joined the EU on May 1, 2004. Cyprus is the third largest island in the Mediterranean and is located in the eastern Mediterranean Sea. Since 2004, the Republic of Cyprus has been a member of the European Union. Cyprus became one of ten […]
How to Calculate Income Tax in Cyprus?
In Cyprus, income tax rates are attractive for both EU and non-EU nationals. Tax residents in Cyprus are taxed based on chargeable income from Cyprus and foreign sources. However, individuals who are not tax residents are only taxed on certain income from Cyprus sources. If you plan on working or moving to Cyprus in the […]
What is an LLC?
A limited liability company (LLC) is a hybrid business entity that combines the advantages of a partnership and a corporation. As a business entity in Cyprus, an LLC has a separate legal identity from its owners or shareholders. As such, the shareholders are only liable for up to the number of their shares. An LLC […]
How Much Does it Cost to Register a Company in Cyprus?
Foreign investors find Cyprus to be an attractive location for establishing businesses. It has a robust economy and dynamic development in infrastructure and technology. The mild climate, natural wonders, beautiful beaches and English speaking community are additional bonuses. But one of the first questions that potential investors ask is, how much does it cost to […]
How To Get Permanent Residency in Cyprus?
Cyprus is known for its beautiful beaches and mild Mediterranean climate, and thus, it is an ideal destination for permanent residence for many non-EU nationals. This country has the lowest crime level in the EU, offers a relatively low cost of living and does not have an inheritance tax. Additionally, Cyprus has a robust economy, […]
How to Register for Tax in Cyprus?
In recent years, Cyprus has established record-breaking economic and financial development growth. It has strongly invited foreign direct investors to further diversify the economy. Along with this, there has been improvement in the country’s tax system. It has played a crucial role in the country’s efforts to make Cyprus one of the most attractive areas […]
How to Register for GeSY in Cyprus?
Health is one of the essential things in life, and there is even a quote that says, “health is wealth.” Foreigners living in Cyprus may wonder if they can register for a public health care system while living away from their country of origin. Fortunately, Cyprus has a comprehensive healthcare system offering premium coverage to […]