HISTORY

Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents, the Immigration permit for Investors in line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations is a very attractive immigration option allowing the applicant and his/her family the choice to have an alternative permanent residence in Cyprus indefinitely and offering them a safe and stable permanent alternative.

Why Exactly is the Cyprus Immigration permit for Investors so popular?

Cyprus has been a favourite destination for relocation for many international businesses over the last few years. This comes as no surprise especially for the servicing industries which have a core expense labour cost. Cyprus having the lowest (last time we checked) employment costs in Europe and one of the highest tax free amount for salaried persons makes it a true challenger when it comes to relocation.

Finhub has been designed to save the user and the service provide time. The service is free, fast and reliable making it the easiest way to obtain accurate quotations from validated audit and assurance firms. 

Simply select the service you need from the drop-down menu, enter your budget and a short description of your exact needs and answer to our questions which have been designed in such a manner so that the service provider will obtain the necessary information to provide you with an accurate and binding quotation. 

For the user the process should not take more than 2 to 3 minutes.  

Company, Sole Trader or Employee?

Although we can go into a great extent for all of them, this article focuses on the last part which is deciding whether to trade as a physical person or as a company. The answer to this choice is made easier by the introduction of the 35% personal taxation on salaried income exceeding the first Euro 60,000 taxable income. Coupled with the legal protection a company offers, individuals who are going to set up a business in Cyprus are more likely to do so via the setup of a Cyprus company. 

You can not trade or do business if you are an employee other than of your own company. In addition to the non dom there are several tax benefits for overseas employees which could reduce their taxes up to 50% if employed by a Cyprus company.