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Relocating Your Business to Cyprus

Cyprus stands out as one of the most economically free and business-friendly countries in Europe. With its stable and welcoming financial environment, it has become an increasingly attractive destination for business relocation.

Entrepreneurs from around the world are choosing Cyprus for its strategic location, providing seamless access to European, Asian, and Middle Eastern markets. Coupled with a favorable tax regime and a reliable legal framework, Cyprus has emerged as a top choice for business relocation in recent years.

In this guide, we will explore the key steps and advantages of relocating your business to Cyprus.

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Advantages of Relocating Your Business to Cyprus

No Double Taxation
Benefit from agreements that eliminate double taxation, ensuring a more efficient tax structure for businesses.

Streamlined Employee Hiring Process Particularly advantageous for the IT sector, Cyprus offers simplified procedures for employing local and international talent.

EU Member Benefits
As part of the European Union, Cyprus provides favorable conditions for conducting business with European partners, access to EU funding, and trademark protection across the entire European Economic Area.

Low Tax Rates
Enjoy some of the lowest corporate tax rates in the EU, making Cyprus a cost-effective choice for businesses.

No Language Barriers
With over 70% of the population fluent in English, communicating with partners, clients, and authorities is straightforward and hassle-free.

Pleasant Climate
Cyprus boasts a comfortable climate year-round, with mild winters and plenty of sunshine.

Simplified Residency Opportunities
Obtaining residency in Cyprus is relatively straightforward, adding to the island's appeal for business owners and employees alike.

Company Registration

On average, the process of registering a company in Cyprus takes around two weeks. The registration procedure typically involves the following steps:

  • Reserving a Trade Name
    Choosing and reserving a unique company name to ensure it is available for use.
  • Document Preparation and Submission
    Compiling and submitting all necessary documents for the registration process.
  • Company Registration with the Registrar
    Officially registering the company in the Cyprus Company Registry.
  • Obtaining a Taxpayer Identification Number
    Securing the company's tax ID number for compliance and reporting purposes.
  • Acquiring Necessary Licenses
    Obtaining any required licenses, depending on the nature of the business.
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Conclusion

Relocating a business to Cyprus is, today, one of the most effective solutions for IT companies and beyond. Leading global companies continue to move their offices to Cyprus and relocate their staff. This trend is largely driven by the high quality of life, low tax rates, the opportunity to obtain residency, a thriving business environment, and many other advantages. It is safe to say that relocating to Cyprus is one of the best decisions for almost any type of business.


Our Services

We provide all services for business relocation, migration, real estate, payment solutions, IT and advertising - fully turnkey.

Corporate Services

Company Creation & Registration
  • Selection of ownership form and structure
  • Selection of an available company name and name registration
  • Turnkey company registration
  • Tax number, VAT registration
  • Cyprus tax residence
Company Support
  • Company secretary, director & nominee services
  • Company management and reorganization
  • Office rental, virtual office
  • Accounting, audit, tax optimization
  • Trust services
  • International contracts, export & import
  • Hiring highly qualified staff
Licensing
  • Fintech, gold and turnkey licenses
  • Permits
  • Registration of international company status BSC, IT Box (0-5% corporate tax)
Copyright & Branding
  • Trademark development and registration in Cyprus & EU
  • Branding
Ready-Made Solutions
  • Ready companies with accounts
  • Turnkey fintech & payment systems
  • Turnkey online casino
Payment Solutions for Business
  • Bank and financial institution selection
  • Account opening support
  • Turnkey payment instruments
  • Acquiring

Migration Services

Work Permit (2-3 years with extention)
  • Selection of vacancies for a specialist (applicant)
  • Examination of documents, collection of a full package of documents, legalization
  • Support of negotiations with the employer for the candidate
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Residence Permit (1 year with extension)
  • Examination of documents, collection of a full package of documents, legalization
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Residence Permit via Real Estate (5 years)
  • Examination of documents, collection of a full package of documents, legalization
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Residence Permit via Real Estate (5 years). Accelerated Residence Permit (from 300,000 Euro)
  • Selection and support for the purchase of real estate suitable for this type of residence permit, consultations
  • Examination of documents, collection of a full package of documents, legalization
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Permanent residence (unlimited)
  • Examination of documents, collection of a full package of documents, legalization
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Citizenship of the Republic of Cyprus
  • Processing from 6 months, expedited with official state payment (5,000 Eur)
  • Registration based on residence in Cyprus for 3 years for certain categories (specialists of international companies)
  • Examination of documents, collection of a full package of documents, legalization
  • Calculation of the required residence period in Cyprus for various types of residence permits and permanent residence (naturalization)
  • Turnkey support for document registration with the migration service
  • Support in obtaining all necessary documents (citizenship certificate and Cyprus passport)
Insurance Services
  • Support for obtaining any type of insurance and selection of an insurance agent
Legalization, Apostille & Certified Translations
  • Translation and legalization of various documents in accordance with the requirements of different authorities
  • Request of certificates, including certificates of no criminal record, from different countries
  • Apostille of any documents
  • Company certificates with apostille

Real Estate

Purchase of residential & commercial property and land plots
  • Consultations on types of real estate and title documents
  • Selection of real estate and organization of viewings
  • Full support in interaction with a real estate agency or private seller
  • Legal due diligence and property expertise
  • Selection of a certified lawyer to support the contract and transfer of ownership (title)
  • Support in issuing powers of attorney
  • Title transfer support
  • Transfer of utility contracts (electricity, water supply, waste removal, etc.) to the buyer’s name
  • Verification of outstanding debts related to the property
  • VAT refund when purchasing new real estate
Rental of residential & commercial property and land plots
  • Examination of documents, collection of a full package of documents, legalization
  • Turnkey support for document registration with the migration service
  • Assistance in obtaining all necessary documents (residence permit)
Purchase of residential and commercial real estate. Bank collateral property at reduced prices (tenders or direct contracts)
  • Review of available properties
  • Consultations on types of real estate and title documents
  • Selection of real estate and organization of viewings
  • Support in submitting applications to banks or participation in tenders
  • Obtaining approval
  • Full support in negotiations with banks
  • Full support in concluding contracts
  • Support in transferring ownership rights and obtaining title
  • Transfer of utility contracts to the tenant's name

Payment Solutions

Private client banking solutions
  • Consultations on banking and financial institution services, preliminary client assessment
  • Selection of a bank or financial institution
  • Preparation of documents for opening a bank account
  • Compliance support, KYC, interview
  • Account opening
  • Agreement of banking terms and payment limits
  • Full support of account operations (transactions, requests, documents, KYC, compliance)
  • Online banking
  • Payment cards
  • Payment solutions structure upon client request
  • Cross-border payments and currency conversions
Corporate banking & compliance
  • Consultations on banking and financial institution services, preliminary assessment and structure analysis
  • Selection of a bank or financial institution
  • Selection and verification of corporate structure participants in accordance with bank requirements
  • Preparation of documents for account opening
  • Compliance support, KYC, interview
  • Full onboarding support
  • Account opening
  • Agreement on banking terms and limits
  • Full support of corporate account operations
  • Online banking
  • Payment cards
  • Payment solutions structure upon client request
  • Cross-border payments and currency conversions
  • Crypto integration
  • Acquiring and connection of all payment methods
  • Onboarding and integration with payment and crypto conversion systems
  • Structuring of complex payment solutions and optimization

IT Services

Development of software of any complexity
Creation and launch of turnkey marketplaces
Development of applications, sales websites, portals and information systems
Development and implementation of accounting software and applications
Development of search engine integrated websites
Technical support aimed at ensuring uninterrupted business operations (one-time or subscription-based)
Building IT infrastructure and specialized solutions
Cost reduction through virtualization and automation
Risk and problem management, information security
Continuous monitoring for rapid incident response
Reporting systems for cost optimization and marketing initiatives
Regular data backups
Ensuring uninterrupted internet access
Recovery of equipment and data in case of failures

Advertising Services

Turnkey development of selling branding for companies, products and services
Creation of advertising structure and integration of all advertising channels
Video content creation
Photo content and graphic design
Text content creation: slogans, mottos, headlines
Advertising campaign structuring
Organization of large-scale advertising campaigns
Compliance with copyright requirements
Lead generation
Target traffic organization
Social media and website management, promotion, SMM
Development and management of corporate social media accounts
Marketing research
Advertising statistics compilation
Performance and productivity reports

Partners

Partner
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Financial Partners

Partner
Partner
Partner
Partner
Partner
Visa
Mastercard
PayPal
Google Pay
Apple Pay
Voops
My Bank
Giro Pay
EPS
Ideal
Cartes Bancaires
Mobile Pay
Blik
DK
MB Way
MB Multi
Bizum
Bancontact
Sepa
Open Banking

Contact

Email

info@silk.cy
silkrescy@silk.cy

Call Us

+357 99 22 65 66
+357 24 32 29 65
+357 95 59 99 00

Address

4 Aidipsou, Tekla court , office 2, 6031, Larnaca, Cyprus