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Cyprus

Bridge Europe and MENA! Cyprus delivers 12.5% corporate tax, EU membership, and double-tax treaties for shipping, tech, and holding firms.

Capital

Nicosia

Population

1.2 million (2023 est.)

Currency

Euro (€, EUR)

GDP

$28 billion (2023 est.)

Political Landscape

Cyprus political landscape

Governance

System: Presidential republic

Leader: President Nikos Christodoulides

Stability: Stable despite ongoing division issues

Economic Overview

Cyprus economy

Key Industries

  • Tourism
  • Shipping
  • Financial Services
  • Real Estate

Growth Rate

3.1% (2023 est.)

Trade & Commerce

Exports

  • Pharmaceuticals
  • Citrus Fruits
  • Cement
  • Clothing

Imports

  • Consumer Goods
  • Petroleum
  • Machinery
  • Transport Equipment
Cyprus trade

Investment Climate

Strengths

  • EU member state
  • Low corporate tax
  • Strategic location

Considerations

  • Cyprus problem division
  • Banking sector vulnerabilities
  • Small market size

Cultural Landscape

Key Features

  • BusinessCulture: Relationship-based
  • Etiquette: Greek influence
  • Cuisine: Mediterranean diet

Languages

Greek, Turkish

Competitive Advantages

  • Lowest corporate tax in EU
  • Largest ship management center
  • Growing tech startups

Global Expansion Solutions

Tailored services for international growth

Employer of Record (EOR)

Cyprus

Our Employer of Record (EOR) services in Cyprus allow businesses to hire employees without establishing a local entity. We take care of all compliance, payroll, and HR duties on your behalf.

Key Features

  • 1. Full compliance with Cyprus labor laws.
  • 2. Payroll administration and tax management.
  • 3. Employee benefits and compensation management.
  • 4. HR, legal, and operational support.
  • 5. Seamless employee onboarding and contract management.

Benefits

1. Simplifies hiring without needing a local entity.
2. Reduces legal and compliance risks.
3. Provides a cost-effective and efficient hiring solution.
4. Eliminates the complexities of payroll management.

Ideal For

1. Companies expanding into Cyprus. 2. Businesses hiring remote employees in Cyprus. 3. Organizations seeking to outsource HR and payroll functions.

Contractor Management

Cyprus

Our contractor management service in Cyprus ensures that your contractor relationships are fully compliant with local regulations, handling contract terms, payments, and legal requirements.

Key Features

  • 1. Custom contractor agreements tailored to Cyprus laws.
  • 2. Secure payment management.
  • 3. Tax and social security compliance.
  • 4. Legal and risk management support.
  • 5. Contract review and renewal services.

Benefits

1. Reduces risks of contractor misclassification.
2. Ensures smooth and efficient contractor management.
3. Complies with Cyprus tax and social security regulations.
4. Provides security for both contractors and businesses.

Ideal For

1. Companies hiring contractors in Cyprus. 2. Businesses working with freelancers in Cyprus. 3. Organizations managing independent contractors.

Temporary Staffing

Cyprus

We offer flexible temporary staffing solutions in Cyprus, helping businesses scale their workforce quickly while ensuring compliance with local labor laws.

Key Features

  • 1. Access to qualified temporary staff for immediate needs.
  • 2. Flexibility in staffing for short-term projects.
  • 3. Full payroll and tax compliance.
  • 4. Employee benefits and risk management.
  • 5. Seamless and efficient onboarding processes.

Benefits

1. Provides fast staffing solutions.
2. Reduces recruitment time and costs.
3. Offers businesses flexibility and scalability.
4. Ensures full legal and regulatory compliance.

Ideal For

1. Companies needing temporary staffing in Cyprus. 2. Businesses with project-based workforce requirements. 3. Organizations with fluctuating staffing needs.

Payroll Solutions

Cyprus

We provide complete payroll solutions in Cyprus, handling all payroll processing, tax filings, social security contributions, and employee benefits to ensure full compliance and efficiency.

Key Features

  • 1. Complete payroll processing and tax filings.
  • 2. Social security and pension contributions.
  • 3. Timely and accurate employee payments.
  • 4. Employee benefits management.
  • 5. Compliance with Cyprus tax and employment laws.

Benefits

1. Reduces administrative burden for HR teams.
2. Automates payroll processes for accuracy and efficiency.
3. Ensures timely, compliant, and accurate employee payments.
4. Simplifies the handling of employee benefits and deductions.

Ideal For

1. Companies with employees in Cyprus. 2. Organizations needing payroll solutions. 3. Businesses managing employee benefits and taxes in Cyprus.

Compliance Advisory

Cyprus

Our compliance advisory services in Cyprus help businesses understand and navigate local labor laws, tax regulations, and employment standards to mitigate legal risks and ensure full compliance.

Key Features

  • 1. Guidance on Cyprus tax and labor laws.
  • 2. Risk management and compliance audits.
  • 3. Consulting on employee contracts and policies.
  • 4. Updates on changes in local regulations.
  • 5. Tailored compliance solutions for businesses.

Benefits

1. Keeps businesses updated on changing laws.
2. Reduces risks associated with non-compliance.
3. Helps businesses avoid fines and penalties.
4. Provides assurance and legal protection for businesses.

Ideal For

1. Companies operating in Cyprus. 2. Businesses hiring employees in Cyprus. 3. Organizations needing expert compliance guidance.

Business Setup Services

Cyprus

We offer comprehensive business setup services in Cyprus, including company registration, tax setup, compliance, HR solutions, and office support to make your market entry seamless and efficient.

Key Features

  • 1. Company formation and registration.
  • 2. Tax setup and VAT registration.
  • 3. Payroll and employee benefits setup.
  • 4. Office space solutions and administrative support.
  • 5. Legal and regulatory compliance services.

Benefits

1. Enables fast and easy market entry.
2. Provides ongoing operational and legal support.
3. Ensures compliance with all local laws and regulations.
4. Streamlines the business setup process for new companies.

Ideal For

1. Entrepreneurs looking to set up businesses in Cyprus. 2. International companies expanding into Cyprus. 3. Startups needing support in forming a legal entity in Cyprus.

Professional Outreach Solutions - Sales package

Strategic Campaign Packages for Maximum Conversion
Multi-Channel Prospecting Engine

Cold calling

€2600.00/month
  • 4 days per month
  • 100 calls per day
  • We handle everything
  • from sourcing to appointment scheduling

Cold Mailing

€1900.00/month
  • 4 Campaigns
  • Option for 4 different target audiences
  • 1 target audience with 4 different personas

Multi-channel

€3400.00/month
  • 4 Campaigns
  • Option for 4 different target audiences
  • 1 target audience with 4 different personas
  • Linkedin
  • Cold calling – Cold Mailing