Cyprus Business Headlines

One Stop Shop" For Foreign Investors

A new government service has been established by the Ministry of Commerce, Industry and Tourism to encourage investment and new business ventures by facilitating the completion of registration formalities for new companies.

The new service operates as a "One Stop Shop", hosting services from all the government departments involved in setting up a new business in Cyprus.

Officials from the Department of the Registrar of Companies will be available, with the authority to approve a company name, check all corporate documents and forward them for the immediate registration of the new company within two to five working days.

Representatives of the VAT Department will register the new company for VAT purposes, and provide a registration number and any other necessary information on VAT.