Despite an increase in bureaucracy over recent years Cyprus remains one of the most attractive countries in which to start a business. But many entrepreneurs don’t know which is the most effective structure. It is essential to properly think out the correct structure for your new business and to start with sensible accounting procedures in place.
There are many issues to consider such as whether to incorporate or not, the tax consequences of each entity on the taxable profits and forethought to an exit route.
Then there is the necessary filing of documents for new businesses depending on which business structure is adopted.
At EuroAudit we can sit down with you and take you through all the various options and the implications, assist with the forming of a Limited Company and registering it with the appropriate authorities, or deal with the Inland Revenue if the self employed or partnership route is more appropriate to your circumstance. We also advise as to the need to register for VAT and setting up a PAYE scheme and generally be there to support you through the process.