6 reasons to choose Cyprus for opening a company

07.04.2022

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?

1. A fast-growing IT community. 
2. It is common practice for English law to give many advantages in structuring M&A deals involving Cypriot companies. 
3. Streamlined quality of corporate services 
4. Advantageous tax regime for holding structures and individual business owners 
5. Simplified migration procedures 
6. 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.