Self-Employment
It should be noted that most companies in Cyprus work in the services sector and are classified as small on the basis of the EU definition.

Registering a company in Cyprus requires the submission of an application to the Registrar of Companies (+357 22 40 44 00), in order that the name of the company can be examined and approved, and payment of a fee of €12 or, if the rapid service is required, of €25. 

After the name has been approved, the relevant documents have to be submitted by a lawyer practising in Cyprus. The registration fee depends on the capital of the company.

If you are interested in creating a company in which you will be self-employed or in moving your existing company to Cyprus, you should seek the guidance of a lawyer and an accountant in order to avoid mistakes and unnecessary trouble. You can find information relating to companies and/or professionals providing legal and accountancy services on the websites of the Nicosia Bar Association and the Institute of Certified Public Accountants of Cyprus.

If you wish to pursue a regulated profession in Cyprus, you must submit an application for that purpose to the competent body, together with the requisite certificates and items of proof.

  • Information can be obtained from the National Reference Body for Professional Qualifications at the Department of Labour (Tel: +357 22 400 845).

Financial assistance, subject to criteria, is provided to young people and women for innovative activity through the national benefits framework, chiefly by the Ministry of Commerce, Industry and Tourism.

Text last edited on: 12/2007

Source: European Union
© European Communities, 1995-2008
Reproduction is authorised.

 
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