Question 1

How long does Cyprus company formation take?

Accepted Answer

Company incorporation in Cyprus typically takes between 5 to 8 working days. Name approval with the Department of Registrar of Companies takes 2 to 3 days, followed by the electronic filing of the Memorandum and Articles of Association. Once incorporated, we immediately proceed with tax, VAT, and social insurance registrations.

Question 2

What is the Cyprus Non-Dom tax status and what are its advantages?

Accepted Answer

The Cyprus Non-Domicile (Non-Dom) regime grants substantial tax exemptions for individuals who become tax residents of Cyprus. If you have not been a Cyprus tax resident for 17 of the past 20 years, you are exempt from the Special Defence Contribution (SDC). This means 0% tax on worldwide dividend income, 0% tax on interest income, and 0% tax on capital gains (except from Cyprus immovable property) for up to 17 years.

Question 3

How does the Cyprus 60-day tax residency rule work?

Accepted Answer

Under the 60-day rule, you can become a Cyprus tax resident by spending at least 60 days in Cyprus during the tax year, provided that you: (1) do not reside in any other single country for more than 183 days, (2) are not tax resident in any other state, (3) maintain a permanent residential home in Cyprus (owned or rented), and (4) carry on business, employment, or hold an office in a Cyprus tax resident company.

Question 4

What is the corporate tax rate in Cyprus?

Accepted Answer

Cyprus has one of the most attractive and transparent tax regimes in the European Union, with a standard corporate tax rate of 12.5%. Under the Cyprus IP Box regime, qualifying intellectual property assets can benefit from an 80% deemed deduction, reducing the effective corporate tax rate to as low as 2.5%. Cyprus also has no withholding tax on dividends paid to non-resident shareholders.

Question 5

What is required for EU citizens to obtain the Yellow Slip (MEU1)?

Accepted Answer

EU/EEA citizens relocating to Cyprus must apply for a Registration Certificate (Yellow Slip / MEU1) within four months of arrival. Required documents include: valid passport or national ID, rental or purchase agreement certified by a Mukhtar, proof of employment or local economic activity (or proof of sufficient funds and foreign income for retirees), and local comprehensive health insurance. Our team assists with the full dossier preparation and scheduling.

Question 6

Can ATZ FinHub help open a corporate bank account in Cyprus or Dubai?

Accepted Answer

Yes. We assist businesses with corporate and personal bank account opening in Cyprus, the UK, and the UAE. We prepare your banking file according to strict AML and KYC compliance standards, identify the best banking partners for your industry, and guide you through video identification and onboarding requirements.

Twój hub biznesowy,
od A do Z.

Piętnaście usług. Cztery huby. Jedna osoba kontaktowa.

Finanse i zgodność

Księgowość i prowadzenie ksiąg

VAT i płace

Zgodność podatkowa i doradztwo

Badanie ustawowe sprawozdań

Wszystko połączone, nic nie ginie między doradcami.

Jedna rozmowa, nie dziesięć.

Standardy, które możesz sprawdzić.

Cypryjska wiedza, międzynarodowe spojrzenie.

Od A do Z, w czterech krokach

Słuchamy

Planujemy

Wdrażamy

Prowadzimy

Platforma OctorIQ

Hub stworzony przez księgowych, dla firm, które chcą jednego punktu kontaktu.

Everything you need to know about setting up & operating in Cyprus

Zacznijmy od A.

Twój hub biznesowy,od A do Z.