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.
In the this inforgraphic, we demonstrate all the relevant information regarding, the basic characteristics, the procedure of forming a Cyprus company, the documentation and time needed.