For many years now Cyprus is attracting various Intellectual Property Rights companies for all over the world due to the security provided in addition to the important tax exemptions on income tax arising from the use of IP rights.
The high level of business services come to support the attractive Tax regime along other business friendly mechanisms. In Cyprus is easy and fast to setup a company and operate in 8 days.
A well established maritime infrastructure one of the most developed in Europe. The Cyprus ship registry is one of the two “open” registries within the European Union and is estimated that holds the 15% of the total merchant fleet in the region.
Many countries allow foreign companies to change their jurisdiction of incorporation. This kind of legislation permits the “re-domiciliation” of a company, meaning changing the "seat of incorporation" into or out of the jurisdiction.
What are the obligations and rules of employment in Cyprus? The basic employment legislation that is applied for emplyers, employees and self-employed workforce. Minimum wage, working hours, holidays and social security system.