Cyprus Ventures

Cyprus Ventures 

Knots Consultancy has gained amazing experience and connections in establishing companies and businesses in Cyprus and would love to share its success with whomever is interested.

Although it might seem an easy task to open a business anywhere in the world if one was sure of his business plan; however, this is not the case, every economy has its special laws, ins and outs and business modules.

Besides our main mandate of producing of business plans and feasibility studies, we would love to explain and help you in the below scopes.

A- Company registration & Suggestion

  1. Types of companies
  2. Steps for company incorporation (from choosing a desired company name till obtaining the legal certificates)
  3. Costs of registration
  4. Documents needed
  5. Company structure
  6. Shared capital
  7. Tax & VAT registration
  8. Liabilities after VAT registration
  9. Penalties for non-compliance

B- Law Firms

  1. Services provided
  2. Costs incurred

C- Accounting & Auditing Companies

  1. Services provided
  2. Costs incurred

D- Bank Account

  1. Types of accounts
  2. Rules & Regulations
  3. Procedure
  4. Documents needed

E- Taxation

  1. Personal Income Tax
  2. Tax rates
  3. Tax exemptions
  4. Tax deductions
  5. Submission of tax returns
  6. Corporate Taxes
  7. Tax rates
  8. Tax deductions
  9. Tax exemptions
  10. Annual Wear & Tear allowance
  11. VAT rates

F- Social Insurance / Salaries

  1. Rates
  2. Maximum level of Annual Income
  3. Other Employer’s Contributions
  4. Minimum wage

G- Permits (cost, rules & regulations)

  1. Residency
  2. Work permit
  3. Long stay visa

H- Rentals vs. Ownership (rates)

  1. Residential
  2. Offices
  3. Cars

I- Cost of living

  1. Electricity
  2. Water
  3. Municipality
  4. Mobile / Internet
  5. Food