Cyprus presents a compelling opportunity if you’re looking to establish a gateway to the European market with an efficient tax system, economic stability, and a welcoming business environment. At Savva & Associates, we assist businesses of all sizes in transitioning their operations to Cyprus, ensuring compliance, operational continuity, and long-term growth.
Why Consider Cyprus for Your Business Expansion?
Cyprus offers notable advantages to international companies aiming to scale, restructure, or streamline operations:
- Competitive Tax Regime: Enjoy one of the EU’s lowest corporate tax rates at 12.5%, plus access to double tax treaties and tax exemptions.
- Access to EU Markets: Cyprus enables seamless trade and investment across all European Union countries.
- Ideal Geographic Location: Strategically positioned between Europe, Asia, and Africa, ideal for global business operations.
- Transparent Legal System: Based on English common law, Cyprus ensures legal consistency and investor protection.
- Skilled Workforce: Benefit from a highly educated, multilingual labour pool suitable for support hubs or regional headquarters.
Key Factors to Evaluate Before Making the Move
Every relocation project requires planning. Savva & Associates works with you to examine:
- Business Goals: Understand how Cyprus aligns with your tax, restructuring, or market access strategy.
- Legal Structure: Decide whether to transfer an existing entity or form a new Private Limited Company (Ltd) in Cyprus.
- Establishing Residency: Ensure proper governance, board setup, and a registered office to meet Cyprus tax residency criteria.
- Compliance Planning: Clarify your VAT registration, bookkeeping, and annual filing obligations.
- Asset Migration: Plan for the legal and operational shift of IP, contracts, and assets.
The Relocation Process Simplified
Our approach provides a clear roadmap to help you migrate seamlessly:
| Step | Description |
| Initial Assessment | Review of your current setup and development of a custom relocation strategy. |
| Business Entity Setup | Incorporate a new Cyprus company or redomicile your current entity through official channels. |
| Open Banking Facilities | We facilitate the opening of local and international accounts for secure operations. |
| Transfer of Assets & Operations | Legal support for moving your contracts, licenses, and intellectual property. |
| Establish Local Presence | Assist with staffing, office setup, and fulfilling substance criteria. |
| Ongoing Compliance Support | Ongoing administration, accounting, and legal guidance. |
Choosing Between Redomiciliation and New Incorporation
Depending on your structure and goals, we’ll guide you on the best fit:
| Pathway | Overview | Ideal For |
| Redomiciliation | Move your existing legal entity to Cyprus | Companies needing operational continuity |
| New Incorporation | Establish a new legal presence with fresh structuring | New ventures or restructured businesses |
Establishing Cyprus Tax Residency
To qualify as a Cyprus tax resident, your company should:
- Be effectively managed and controlled from Cyprus.
- Host board meetings locally.
- Maintain a physical presence, including a registered address.
Our experts ensure your company meets these criteria to benefit from Cyprus’s tax framework.
Begin the Transition with Savva & Associates
Whether you’re expanding, consolidating, or pivoting operations, Cyprus offers a platform for sustainable business growth. With Savva & Associates, you gain a dedicated partner to guide your transition step by step.
Contact us today to schedule a consultation and discover how Cyprus can align with your company’s global strategy.
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