Few short tips to check if your business is up to date and your accountants not neglecting to do their jobs!!!

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What type of schemes exist?
 

• Subsidising cost of new employees
• Subsidising cost of the acquisition of new machinery
• Technological upgrade of your business
• Grants for start ups
• Grants for specific industry sectors

Hi,

I'm looking for an accountant and some help, I moved here from Israel this year, I already opened a company here.

My business is online, I'm a video creator mostly on Youtube.

I Will be happy to discuss this with you at a zoom meeting or over the phone

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.