Company vs Self Employed

How does it work?

If you want to establish a business in Cyprus, you have two choices of doing so. Either individually or by setting up a company. If you decide to trade as a physical person, then you will be called a "self-employed" person. If, however you decide to trade via a company then you will either be the director of that company and /or the shareholder of the company as well. We will explain the differences below. It is important to understand that a self-employed person trades using himself / herself as the business vehicle whilst a person who uses a company uses a company to contact the business for himself / herself.

SELF EMPLOYED PERSON - WHAT DOES IT MEAN?

A self-employed person is an individual who contacts any business directly; i.e. without using a company.