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It should be noted that most companies in Cyprus work in the services sector and
are classified as small on the basis of the EU definition.
Registering a company in Cyprus requires the submission of an application to
the Registrar
of Companies (+357 22 40 44 00), in order that the name of the company can
be examined and approved, and payment of a fee of €12 or, if the rapid service
is required, of €25.
After the name has been approved, the relevant documents have to be submitted
by a lawyer practising in Cyprus. The registration fee depends on the capital of
the company.
If you are interested in creating a company in which you will be
self-employed or in moving your existing company to Cyprus, you should seek the
guidance of a lawyer and an accountant in order to avoid mistakes and
unnecessary trouble. You can find information relating to companies and/or
professionals providing legal and accountancy services on the websites of the Nicosia
Bar Association and the Institute
of Certified Public Accountants of Cyprus.
If you wish to pursue a regulated profession in Cyprus, you must submit an
application for that purpose to the competent body, together with the requisite
certificates and items of proof.
- Information can be obtained from the National Reference Body for
Professional Qualifications at the Department
of Labour (Tel: +357 22 400 845).
Financial assistance, subject to criteria, is provided to young people and
women for innovative activity through the national benefits framework, chiefly
by the Ministry
of Commerce, Industry and Tourism.
Text last edited on: 12/2007
Source: European Union
© European Communities, 1995-2008
Reproduction is authorised.
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