Which is the best business in Cyprus?

Business Opportunities in Cyprus

  1. Construction Company. The government of Cyprus provides substantial support to individuals looking to start a company in the construction business.
  2. Education Consultancy.
  3. Property Rental Market.
  4. Tourism.
  5. Shipping Industry.
  6. Transportation Business.
  7. Insurance Brokerage Company.

Why Cyprus is good for business?

Cyprus has a modern, free-market, service-based economy giving international investors and domestic businesses confidence to invest, grow and prosper. The tertiary sector of services is considered the backbone of the Cyprus economy and with a high income per capita, the consumer market is particularly strong.

Is it easy to start a business in Cyprus?

It is quite easy to open a business in Cyprus and with the proper support, overseas businesspersons can have their own companies up and running in the littlest time possible.

Can I open a business in Cyprus?

To start a new business in a foreign country needs proper planning and adequate capital. Cyprus is a member of the EU, so for other EU citizens, there is no restriction for people who want to be a self-employed person or start a business in Cyprus.

How do I set up a business in Cyprus?

Registering a company in Cyprus is relatively easy and faster than in many European countries. Cyprus Company registration itself begins with application for registering a company, to be submitted to the Registrar of Companies. Generally, the company will be registered within one week.

Can a foreigner start a business in Cyprus?

Can a foreigner open a business in Cyprus?

Foreign entrepreneurs can register the same types of companies as local investors in Cyprus. Even if the most common business form is the limited liability company, there are also other types of structures which can be set up. branch offices, subsidiaries, and representative offices are available for foreign companies.

How much does it cost to have a company in Cyprus?

The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.

What language do they speak in Cyprus?

Cyprus/Official languages

Cyprus has two official languages: Greek and Turkish. The island is divided into two, and the Cypriot Turks live to the north, the Greek Cypriots to the south. Around 2.7% of each also speak the minority languages Armenian and Arabic, and most of these also speak Greek.