Transform Your Business with Strategic European Positioning
Beyond Relocation: A Comprehensive Business Transformation
Business relocation to Cyprus is more than a geographical move, it’s a strategic transformation that opens doors to unparalleled economic advantages, innovative workforce solutions, and global market access.
Why Relocate Your Business to Cyprus?
1. A Favorable Tax Environment
Cyprus offers one of the most attractive corporate tax rates in Europe at 12.5%, coupled with numerous incentives that foster business success:
- The Cyprus IP Box Regime allows businesses to benefit from an effective 2.5% tax rate on qualifying intellectual property income, making it ideal for tech companies, SaaS providers, and IP-driven businesses.
- No withholding tax on dividends, interest, or royalties paid to non-residents.
- Non-Dom Cyprus provides significant tax advantages for business owners and directors relocating to Cyprus, including zero tax on dividends and interest income for up to 17 years.
These incentives position Cyprus as a prime location for international businesses seeking to optimize tax exposure and maximize profitability.
2. Access to a Skilled and Multilingual Workforce
Cyprus boasts a highly educated and multilingual workforce, particularly in emerging sectors such as technology, finance, and professional services. Businesses relocating here can tap into talent equipped to meet modern industry demands.
For companies seeking international expertise, Cyprus offers streamlined policies for employing Third Country Nationals (TCNs), particularly in high-demand industries.
3. Relocation-Friendly Immigration Policies
Cyprus has introduced robust policies to facilitate the recruitment of skilled employees from non-EU countries. Eligible companies can relocate their workforce seamlessly, benefitting both employers and employees:
Eligible Industries to Employ Third Country Nationals:
- High-tech and innovative technology companies (AI startups, SaaS businesses, app developers, and other digital enterprises).
- Pharmaceutical companies and businesses in biotechnology.
- Shipping companies and maritime service providers.
- Other international businesses with verified foreign ownership or substantial investment in Cyprus.
Benefits for Employees Moving to Cyprus:
- Simplified work and residence permits for TCNs with fast-track processing (permits issued within one month).
- Immediate family reunification opportunities, allowing spouses and children to move to Cyprus under the same relocation scheme.
- Spouses of TCNs gain free access to Cyprus’s labor market.
- Access to high-quality healthcare and education systems, making relocation ideal for families.
- Attractive income tax incentives, including a 50% tax exemption on salaries above €55,000 for qualifying individuals.
For business owners, relocating to Cyprus allows access to Cyprus Tax Residency benefits through the 60-day rule or 183-day rule, offering flexible options for achieving residency and optimizing personal taxation.
Business Relocation: End-to-End Support
At Doviandi, we specialize in ensuring your business relocation is efficient, and strategically advantageous. Our expert team provides:
Relocation Strategy & Advisory
We tailor a comprehensive plan to match your business needs, covering tax, legal, and operational considerations to minimize disruption.
Company Re-Domiciliation
For businesses looking to transfer their headquarters to Cyprus while retaining corporate continuity, we simplify the re-domiciliation process and ensure full compliance with Cypriot regulations.
Workforce Relocation Support
From obtaining permits for TCNs to facilitating family reunification visas, we handle all immigration procedures to ensure a smooth transition for employees and executives.
Office Setup Assistance
We assist in securing compliant office spaces that meet the Cyprus government’s operational standards, enabling you to start operating without delays.
Regulatory & Tax Compliance
We ensure your business meets all legal and administrative requirements, including tax registrations, VAT filings, and ongoing corporate compliance.
Industries Thriving in Cyprus
Cyprus offers an ideal environment for diverse industries looking to expand globally, including:
1. Technology and Innovation
As part of its thriving Digital Tech Ecosystem, Cyprus supports technology-driven companies—SaaS, AI developers, app creators, and online platforms—through tax incentives, IP protections, and access to EU markets.
2. Holding Companies
Cyprus Holding Companies enjoy tax-efficient dividend flows, asset protection, and simplified global operations, making Cyprus a top jurisdiction for managing international investments.
3. Pharmaceutical and Biotech
Pharmaceutical firms benefit from IP Box advantages, reduced R&D costs, and a supportive regulatory framework tailored to innovative healthcare companies.
4. Financial Services and Investment Companies
Cyprus serves as an ideal hub for investment companies trading in securities, shares, and bonds, thanks to tax-free profits from securities sales and access to double taxation treaties.
Relocation Benefits at a Glance
Frequently Asked Questions
1. What is the process for relocating a business to Cyprus?
Relocating your business involves company registration (or re-domiciliation), tax registration, securing office premises, and addressing immigration requirements for employees. Doviandi manages the entire process, ensuring efficiency and compliance.
2. How long does business relocation take?
The timeline varies based on the business size and requirements but typically takes 4–8 weeks, including immigration approvals for Third Country Nationals.
3. What tax incentives can I expect?
Relocated businesses benefit from Cyprus’s 12.5% corporate tax, no withholding tax on dividends, and reduced IP income tax rates under the IP Box regime. Business owners may also qualify for Non-Dom status and tax residency benefits.
4. What are the requirements for employing Third Country Nationals?
Companies must demonstrate foreign ownership or investment, meet office space compliance, and operate within eligible industries like tech, innovation, or pharmaceuticals. Permits for TCNs are fast-tracked under Cyprus’s revised immigration policies.
5. Can family members of employees relocate to Cyprus?
Yes. Family reunification policies allow spouses and children to join employees, with spouses gaining access to the Cyprus labor market.
6. What support does Doviandi provide?
Doviandi offers end-to-end support, including advisory, immigration services, office setup assistance, and ongoing compliance management to ensure a smooth transition.
Unlock Your Business Potential in Cyprus
Relocating your business is more than a move—it’s an opportunity for growth, efficiency, and success. Partner with Doviandi to ensure your transition to Cyprus is seamless and strategically advantageous.
