ARTICLE · 13 JULY 2022

Procedure For Trading In Cyprus

CYAUSE Audit Services Ltd

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There are two ways you can trade in Cyprus; as a physical person or as a Company. Each option has its own distinct characteristics, tax benefits and different legal protection...

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Kyriakos Tramountanellis

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How to trade in Cyprus?

There are two ways you can trade in Cyprus; as a physical person or as a Company. Each option has its own distinct characteristics, tax benefits and different legal protection however you can if you decide to trade in these simple steps

Step 1

Obtain a Tax Identification Number (TIN)

This will be the number used by your business and the Cyprus Income Tax Office when you will be submitting your personal or corporate tax returns.

Step 2

Register with the VAT

All businesses or individuals whose turnover exceeds Euro 15,300 within 12 consecutive months must become VAT registered.

Once you become VAT registered you must add to your sales invoices the applicable VAT to your business.

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