How do I register a company in North Cyprus?

To open a company in Northern Cyprus: Provide copies of the passports of all shareholders. Provide a certificate of good conduct of all members of the company. Suggest a few names for the company. According to laws of Northern Cyprus the name of a company must be unique, and cannot include certain words.

How much does it cost to open a company in Cyprus?

The cost of registering a company in Cyprus costs $1995 but from the second year, it will cost $1990.

What is the best business to start in Cyprus?

Business Opportunities in Cyprus

  1. Construction Company. The government of Cyprus provides substantial support to individuals looking to start a company in the construction business.
  2. Education Consultancy.
  3. Property Rental Market.
  4. Tourism.
  5. Shipping Industry.
  6. Transportation Business.
  7. Insurance Brokerage Company.

How can a foreigner start a business in Cyprus?

submit the documents related to the company registration procedure with the Cyprus Companies House; register the company for taxation, VAT and social insurance and pension purposes; obtain the necessary business licenses which will allow the commencement of the economic activities.

Who is the richest person in Cyprus?

John Fredriksen
2016 Cypriot billionaires

Ranking in Cyprus Name Net worth (USD)
1 John Fredriksen 9 billion
2 Stelios Haji-Ioannou 1.46 billion
3 Polys Haji-Ioannou 1.3 billion
4 Clelia Haji-Ioannou 1.09 billion

Is it safe to buy a house in northern Cyprus?

True: New properties built on Pre-74 and Exchange Title Deed Land in North Cyprus are very safe. The other type of land deed, most used by developers today and considered by North Cyprus lawyers to be very safe is called “Esdeger” or “Exchange” land.

Which countries recognize North Cyprus?

Turkey is the only country which recognises Northern Cyprus. Turkey has an embassy in North Nicosia, and Northern Cyprus has an embassy in Ankara.

What is the most profitable business in Cyprus?

Shipping Industry Maritime industry is one of the most successful export services with over 130 shipping companies. The country’s maritime capital, Limassol, is home to some of the world’s most influential names in shipping. Investing in this sector will bring more profits than any other sector.

Is it easy to start a business in Cyprus?

It is quite easy to open a business in Cyprus and with the proper support, overseas businesspersons can have their own companies up and running in the littlest time possible.

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