6 reasons to choose Cyprus for opening a company
For many IT companies, Cyprus is considered one of the most attractive jurisdictions for setting up an office.
What are the reasons for choosing Cyprus?
- A fast-growing IT community.
- It is common practice for English law to give many advantages in structuring M&A deals involving Cypriot companies.
- Streamlined quality of corporate services
- Advantageous tax regime for holding structures and individual business owners
- Simplified migration procedures
- Since 2022, Cyprus' new employment strategy for highly skilled third-country nationals (simplified work permit procedures, additional tax incentives, shortened naturalisation period to obtain a passport, etc.) is in force.