Starting a business in Cyprus involves navigating the country’s legal, regulatory, and tax frameworks. We provide comprehensive assistance in company formation and registration, ensuring your business complies with local requirements. Whether setting up a Limited Company (Ltd), a branch, we manage the process efficiently, allowing you to focus on operations and growth.
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Selection of business structure (Ltd, International Business Company, etc.)
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Registration with the Cyprus Registrar of Companies
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Filing necessary legal documents (e.g., Memorandum and Articles of Association)
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Securing required business licenses and permits
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Compliance with the Cyprus Companies Law, Cap. 113
Our Marketing and Business Solutions are designed to help businesses thrive in Cyprus’s competitive market. From branding to strategic marketing, we tailor our services to meet the unique demands of the Cyprus business environment. We help companies identify growth opportunities, optimize operations, and craft marketing strategies that resonate with the local and international audience.
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Market research and analysis
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Branding and positioning for the local market
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Digital marketing campaigns to boost online presence
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Business strategy consulting focused on the Cyprus economy
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Competitive analysis and operational efficiency strategies
Managing your finances effectively is critical to operating a successful business in Cyprus. We offer financial services tailored to the Cyprus banking and tax system. Whether you’re looking to open a corporate bank account or need help with financial planning, our experts ensure compliance with Cyprus regulations, including anti-money laundering (AML) laws.
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Assistance with corporate and personal bank account opening
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Financial planning and advisory specific to the Cyprus tax system
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Accounting and bookkeeping in accordance with Cyprus GAAP and IFRS
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Financial Services and Bank Account Opening in Cyprus
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Assistance with compliance to AML laws and banking regulations
Cyprus offers an attractive tax system with one of the lowest corporate tax rates in the European Union. We provide full VAT and TAX registration services, ensuring your business is fully compliant with Cyprus tax authorities (Tax Department of Cyprus). We also offer ongoing tax advisory services to help businesses optimize their tax liabilities.
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VAT registration and compliance with Cyprus VAT Law
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Tax registration for corporate income tax (12.5% rate)
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Assistance with VAT returns and reporting
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Preparation and submission of corporate tax filings
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Tax advisory services to maximize deductions and minimize tax exposure
Whether it’s drafting business contracts, reviewing agreements, or negotiating terms, we provide expert legal services to ensure your business complies with Cyprus contract law. We draft legally binding agreements that protect your interests, reduce risks, and comply with both local and EU regulations.
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Drafting of commercial agreements (e.g., supply contracts, partnership agreements)
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Review of existing agreements to ensure compliance with Cyprus law
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Negotiation support to secure favorable terms
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Employment contracts and agreements compliant with Cyprus labor law
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Non-disclosure agreements (NDAs) and confidentiality clauses
Navigating Cyprus immigration laws can be complex, especially for businesses hiring international employees or entrepreneurs looking to relocate. We provide a full range of immigration services, from work permits to investor visas, ensuring your business complies with the Cyprus Department of Civil Registry and Migration.
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Work permits and visa assistance for non-EU nationals
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Investor visa services (Cyprus Permanent Residence Program and Cyprus Investment Programme)
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Residence permits for employees and their families
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Corporate sponsorship for international employees
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Advisory on immigration compliance for businesses
Our HR services in Cyprus are tailored to help businesses navigate local labor laws, manage their workforce, and remain compliant with Cyprus employment regulations. We handle everything from recruitment to payroll and labor law compliance, allowing you to focus on growing your business.
1. Recruitment and Talent Acquisition
We assist with end-to-end recruitment in Cyprus, ensuring that the hiring process adheres to local labor laws while sourcing the best talent for your company.
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Job description development
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Candidate sourcing, screening, and interviewing
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Preparation of employment contracts as per Cyprus law
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Corporate sponsorship for international employees
2. Employee Contracts and Documentation
We draft and review employment contracts to ensure compliance with Cyprus labor law, including provisions for minimum wage, working hours, and termination conditions.
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Drafting employment contracts (full-time, part-time, and fixed-term)
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Review and update of existing contracts
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Employee handbooks and policy drafting in line with Cyprus law
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Ensuring compliance with Cyprus labor law on wages, working hours, and employee rights
3. Cyprus Labor Law Compliance
We ensure your business is fully compliant with Cyprus labor laws, including anti-discrimination policies, health and safety regulations, and employee rights.
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Advisory on Cyprus labor laws (Law 8(I) to 41(I)/2000)
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Compliance with minimum wage regulations and working hours
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Health and safety assessments
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Handling employee disputes and grievances
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Representation in labor audits and inspections
4. Work Permit and Immigration Support for Employees
For businesses employing non-EU nationals, we provide full immigration support, ensuring compliance with Cyprus immigration and labor laws.
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Work permit applications for non-EU employees
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Visa sponsorship and renewals
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Residency permits and relocation support
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5. Employee Benefits and Compensation
We help businesses design competitive benefits packages that comply with Cyprus employment law, enhancing employee retention and satisfaction.
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Structuring employee benefits (health insurance, pension plans)
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Leave management (sick leave, maternity/paternity leave)
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Holiday and paid time-off policies compliant with local laws
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Bonus and incentive scheme development
Cyprus is a renowned jurisdiction for gambling businesses, offering a solid legal framework, competitive tax rates, and access to the EU market. Startwise, a trusted corporate services provider in Cyprus, offers businesses a seamless pathway to obtaining their Cyprus Betting License.
What Startwise Offers:
With years of expertise in corporate services, Startwise specializes in delivering comprehensive support to gambling operators. Here’s what they provide:
Advisory:
- Expert guidance on legal and regulatory requirements under the Cyprus National Betting Authority (NBA).
- Tailored advice to align your business model with Cyprus gaming laws.
Company Formation:
- Registration of a Cyprus-based company fully compliant with NBA regulations.
- Assistance with office setup and local representation.
Application & Licensing Process:
- Preparation and submission of all documentation required for the betting license.
- Comprehensive support in applying for either:
- - Class A License: Permits land-based betting services within physical premises (excluding online betting and horse racing).
- Class B License: Covers online betting services (excluding slot machines, online casino games, and lotteries).
Banking & Finance:
- Assistance in opening corporate bank accounts in Cyprus.
- Guidance on meeting NBA financial requirements, including:
- - €500,000 minimum share capital (issued and fully paid-up).
- €550,000 bank guarantee from a commercial bank in Cyprus or the EU.
Ongoing Support & Renewals:
- Management of license renewals.
Why Choose Startwise?
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Proven Expertise: Startwise has a strong track record of assisting businesses in navigating the complex regulatory landscape of Cyprus.
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Comprehensive Support: They provide end-to-end services, from initial consultation to ongoing license maintenance.
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Efficiency & Reliability: With their expertise, the licensing process becomes smooth, efficient, and hassle-free.
Additional Information:
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License Fees: €30,000 for a one-year license or €45,000 for a two-year license.
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Taxation: 10% betting tax on net revenue and a 3% contribution to the authorities.