1. Opening a Company
Document preparation
Company registration with government authorities
Opening bank accounts
Registration with immigration services and obtaining quotas for hiring employees
2. Upon arrival in Cyprus
Transfer and accompaniment of employees and their families
Assistance in completing medical tests required for residence permit application
Submission of documents for residence permits
3. After residence permit application
Registration of employees with the social insurance fund
Registration of employees with the tax office
Registration of employees and their families with the Cyprus Healthcare System (GESY)
Opening personal bank accounts
Legal Consultant
Specialist with over 10 years of experience in international law.
Helped more than 20 companies successfully relocate to Cyprus.
Co-Founder
World-class professional with 10 years of experience in HR.
Trained 36 specialists and relocated over 1000 employees and their families to Cyprus.
0-35%
on incomes
For non-EU residents with an annual income of up to €19,500.
Then, a progressive tax scale applies up to 35%.
0%
Cyprus has signed double taxation avoidance agreements with 62 countries for corporations and individuals.
2.5-12.5%
on profits
Companies creating intellectual property can reduce this tax to 2.5%.
10 options for Residence Permits
Employment Residence Permit for Qualified Employees (Third-country nationals employed at companies of foreign interests)
Residence Permit for Family Members of Qualified Employees (Family members of third-country nationals employed at companies of foreign interests)
Visitor's Permit Visa
Residence Permit for Family Members of Cypriot Citizens Visa
General Employment Residence Permit
Residence Permit for Domestic Worker Visa
Digital Nomad Visa
Startup Visa
Student Visa
Permanent Residence (Status of long-term resident in the Republic)
Reliable financial, political, and legal systems
Cyprus has well-established banking and political structures
Cyprus is a member of the European Union
The country operates under a flexible English law system
Global Work Opportunities
Companies based in Cyprus can freely interact with the global market
Ability to attract employees from various countries
Opportunity to open a bank account in a European bank
Life in the European Union
Permanent residency is granted to shareholders employed in companies
Opportunity to obtain residency for employees and their families
Residency in Cyprus opens the path to obtaining a European passport
Educational institutions in English and Russian languages for children's education
Largest IT hub in Europe
Over 14,000 people from the CIS relocated to Cyprus in 2022-2023
The community comprises over 20,000 individuals in open chats
There are approximately 80,000 Russian-speaking individuals residing in Cyprus
Professional events are held for the community
Registration for TIC (Tax Identification Code)
€100
Registration with Social Insurance
€100
Opening a bank account
Depends on the bank
from €500
Submission of tax declaration
Depends on sources of income
from €150
Calculation of tax liabilities and deductions
Dependent on sources of income
from €250
