The Cyprus Company

why consider cyprus to start your company

Why Cyprus to start your business? The startup ecosystem of Cyprus.

If you consider starting a business, relocate your business for any reason such as settling a gateway to Europe or Middle East, Cyprus is a destination than can facilitate the growth of your tech startup or other kind of business. A Cyprus company offers numerous advantages for startups to consider the country as their base …

Why Cyprus to start your business? The startup ecosystem of Cyprus. Read More »

European Member States have been given an extension to comply with certain rules on cross-border information reporting, as a response to the coronavirus (Covid-19) pandemic.

European Mandatory Disclosure Rules (DAC6) reporting deadline postponed.

The first reports under DAC6 will be made on January 2021. European Member States have been given an extension to comply with certain rules on cross-border information reporting, as a response to the coronavirus (Covid-19) pandemic. The Council of the EU announced that it has adopted an amendment to the Directive on Administrative Cooperation (DAC), …

European Mandatory Disclosure Rules (DAC6) reporting deadline postponed. Read More »

cyprus government business economic measures

The new support measures package for local businesses.

The new support measures package for local businesses announced by the Cyprus Government. The new additional support package for businesses was announced last week by the Cyprus Ministry of Finance. The new measures are designed to directly support the Small-Medium size Enterprises but also larger Hotel and Tourism organisations, with cash flow injections under the …

The new support measures package for local businesses. Read More »

extension of social insurance contributions Cyprus

Extension of Social Insurance Contributions for February 2020.

As an act for the support of businesses and labor due to Coronavirus effects on Cyprus economy, the Ministry of Labor and Social Insurance has announced on the 6th of April 2020 the extension of the contributions payment for February 2020. Read below the points announced by the ministry. The social contributions for February 2020, …

Extension of Social Insurance Contributions for February 2020. Read More »

cyprus maritime development

Cyprus Maritime growth and development over the years.

The data showing the course of the Cyprus maritime over the last years is interesting and very positive. The Cyprus Maritime State Department, recently published data showing the development and the course of the Cyprus maritime registry. The registry has started in 1963 reaching the impressive number of registered vessels 2.750 vessels in 1997.Have a …

Cyprus Maritime growth and development over the years. Read More »

Brexit Vies and Intrastat

Updates related to VIES and Intrastat after the Brexit.

VIES The withdrawal agreement between UK and EU provides a transitional period from 1/2/2020 until 31/12/2020. All transactions with United Kingdom during this period will continue to be treated as if the UK is a state member. Goods and services supplied during the months February – December 2020 to entities identified for VAT in the …

Updates related to VIES and Intrastat after the Brexit. Read More »

social insurance contributions in cyprus 2020

Social Insurance and National Health Insurance System contributions for 2020 in Cyprus.

Social Insurance contributions in Cyprus have a rate applied up to a level of earnings. For the year 2020 the maximum level of earnings has slightly increased (from 2019) to €54.864. The rate for both employers and employees are shared, and is at 8.3% as from January 2019 and the next five years. The social …

Social Insurance and National Health Insurance System contributions for 2020 in Cyprus. Read More »

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