Question 1

What are the VAT and employer obligations?

Accepted Answer

VAT is 19% standard, with reduced 9%, 5% and 0% bands for specific goods and services. Employers register for social insurance and GESY and run PAYE; an accountant handles the filings, so factor this into any hiring plan.

Question 2

How do I find a good accountant or lawyer, and what are typical fees?

Accepted Answer

The professional layer is deep and English-speaking. Ask for fixed fees or clear hourly rates up front, references in your sector, and a language match (Russian, Greek, English). We build a vetted professional directory so people stop relying on "who does everyone use?".

Question 3

What is non-dom, and why is the tax so low?

Accepted Answer

The non-dom regime gives 17 years of 0% tax on dividends and interest (only a capped 2.65% health levy) and no tax on most foreign income — an effective rate of about 5% or less for many. It is the single biggest draw for relocating founders and investors; pair it with a Cyprus company for the full picture.

What are the VAT and employer obligations?

On Cyprus Lifestyle

Ready to make it happen?

Related questions

More on Business & Money