Action Plan For Attracting Companies In Cyprus

1. Business Facilitation Unit

Transformation of the existing Fast Track Business Activation Mechanism into a Business Facilitation Unit operating or expressing interest to operate in Cyprus.

Responsibilities:

• Provision of services for the establishment of corporate entities:
   Company registration and name approval 
  ii.  Registration with the Social Insurance Registry and the Employers' Registry
  iii. Registration with for VAT Registry and Income Tax
• Guidance for the establishment and operation of companies in Cyprus. 
• Facilitation for the issuance of residence and employment permits in Cyprus.

2. Revised Policy for the issuance of Temporary Residence and Employment Permits to third country nationals employed in companies of foreign interests operating in Cyprus