• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications Articles

Action plan to attract companies to operate and/or expand their activities in Cyprus.

November 1, 2021
in Articles
Reading Time: 3 mins read
Action plan to attract companies to operate and/or expand their activities in Cyprus.

By: RSM Cyprus Cyprus Ltd

Cyprus proves once again its entrepreneurial ability by announcing an attractive action plan that aims to attract companies to operate and/or expand their activities in Cyprus.

The aforementioned plan intends to define a single point of contact for companies while promoting the service facilitation, expansion and simplification of the existing policy, digitization of procedures, and the existence of an online platform.

The action plan provides relevant information on:

  1. Transformation of the fast–track Business Activation Mechanism (BUSINESS FACILITATION UNIT)
  2. New policy for employing third-country nationals in companies/businesses of foreign interests operating in the Republic of Cyprus or companies/businesses of foreign interests that intend to operate in Cyprus
  3. Family reunification right of third-country nationals who applied with the Business Facilitation Unit
  4. Simplification and acceleration of the process of granting work permits  (Category E – Long-term resident status)
  5. Issuance of Digital Nomad Visa
  6. Expansion of the tax exemption applicable to employees in the Republic (assuming that they were non-residents in the Republic before starting their employment for a period of 17 years)
  7. Extension of tax exemption for investment in innovative companies
  8. Increased (compared to the actual) tax deduction for research and development costs
  9. Naturalization

Generally, Cyprus has been among the most attractive investment destinations for several years now, mainly due to its straightforward legal and regulatory framework and favourable tax regime, which provides a wide range of advantages and incentives to legal entities and natural persons.

In particular, over the years, international investors have demonstrated interest in the sectors of tourism, shipping, energy, technology, investment funds, real estate and construction.

Of course, it is very important to mention that among the essential factors that have contributed significantly to the successful presentation of Cyprus as an investment destination is its strong presence in foreign markets, the systematic development of Cyprus as a friendly investment destination, the fact that it is a European member state and Member of the Eurozone, as well as the highly trained human resource capital.

Follow the provided links to download the “Action Plan for attracting companies in Cyprus” in English and Greek.

To find out additional information about Cyprus tax insights, its benefits and incentives to legal entities and natural persons, get in contact with us or book your meeting at one of our Cyprus offices locations in Limassol, Paphos and Nicosia.

ShareTweetShare

Newsletter

Latest News

Bank of Cyprus Achieves Record Lending and Profitable Quarter
News & Announcements

Bank of Cyprus Achieves Record Lending and Profitable Quarter

May 12, 2025

Bank of Cyprus Reports Strong First Quarter 2025 Results and Strategic Progress “The Bank of Cyprus delivered another strong quarterly...

Read more
Cyprus tax booklet 2025

Cyprus Tax Booklet 2025

May 9, 2025
real estate in Cyprus and Greece 2025

Cyprus and Greece Real Estate in 2025

May 6, 2025

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo-lawyers-in-cyprus
lawyers-malta

2023 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb

  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Cyprus VAT
  • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.