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LEGISLATION
LEGISLATION
LEGISLATION
In order to create a Cypriot
subsidiary, a foreign company
must abide by the Company Law.
FEATURES OF THE
SUBSIDIARY
is treated as a Cypriot
domestic entity;
is independent of the parent
company;
can undertake any activity.
A subsidiary company:
REQUIREMENTS FOR THE
FOREIGN COMPANY
The parent company is not subject to
strict requirements when opening a
subsidiary in Cyprus.
It can choose any legal form it deems
suitable and appoint one resident
director.
SUBSIDIARY
REGISTRATION
STEPS
Here is how to register a
Cypriot subsidiary:
secure a registered address;
set up a bank account;
draft the incorporation papers;
appoint a local manager;
file the documents with the Trade Register.
1.
2.
3.
4.
5.
TAX REQUIREMENTS
A subsidiary must register for
taxation and VAT in Cyprus.
It will pay the Cypriot corporate tax
on its entire income.
LICENSING
There can be sectors in which a
subsidiary must apply for certain
licenses.
It depends on the activities it will
undertake.
ACCESS TO THE
LABOR MARKET
A Cypriot subsidiary can hire
employees from the local market
or transfer workers from the
parent company’s home country.
COMPANY FORMATION
SERVICES
Contact us if you are interested in
setting up a business in Cyprus and
decide on a subsidiary!
THANK YOU FOR YOUR ATTENTION!
clients@lawyers-cyprus.com
www.opencompanycyprus.com
For more information, you can contact us at:

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How to Start a Subsidiary in Cyprus

  • 1.
  • 2. LEGISLATION LEGISLATION LEGISLATION In order to create a Cypriot subsidiary, a foreign company must abide by the Company Law.
  • 3. FEATURES OF THE SUBSIDIARY is treated as a Cypriot domestic entity; is independent of the parent company; can undertake any activity. A subsidiary company:
  • 4. REQUIREMENTS FOR THE FOREIGN COMPANY The parent company is not subject to strict requirements when opening a subsidiary in Cyprus. It can choose any legal form it deems suitable and appoint one resident director.
  • 5. SUBSIDIARY REGISTRATION STEPS Here is how to register a Cypriot subsidiary: secure a registered address; set up a bank account; draft the incorporation papers; appoint a local manager; file the documents with the Trade Register. 1. 2. 3. 4. 5.
  • 6. TAX REQUIREMENTS A subsidiary must register for taxation and VAT in Cyprus. It will pay the Cypriot corporate tax on its entire income.
  • 7. LICENSING There can be sectors in which a subsidiary must apply for certain licenses. It depends on the activities it will undertake.
  • 8. ACCESS TO THE LABOR MARKET A Cypriot subsidiary can hire employees from the local market or transfer workers from the parent company’s home country.
  • 9. COMPANY FORMATION SERVICES Contact us if you are interested in setting up a business in Cyprus and decide on a subsidiary!
  • 10. THANK YOU FOR YOUR ATTENTION! clients@lawyers-cyprus.com www.opencompanycyprus.com For more information, you can contact us at: