The Best Cyprus Community

Skip to content


Moving to cyprus with business

Visiting Cyprus? Ask any questions you have here.

Moderator: Piratis

Moving to cyprus with business

Postby EnglandJay » Tue Nov 09, 2010 10:43 am

Hello ive got an online business, would it be easy for me to move it to cyprus and myself. is there anyone who could give me any advice on this please. want to rent place near beach town like holiday resorty place so dont need a car, villa would be nice. from england, just curious if anyone can give me some advice or help thank you in advance :)
EnglandJay
Trial Member
Trial Member
 
Posts: 1
Joined: Sun Nov 07, 2010 7:51 pm

Postby Jack M » Tue Nov 09, 2010 10:46 am

Don't do it is my best advice for any one of hundreds of reasons.
Jack M
Member
Member
 
Posts: 109
Joined: Mon Jul 12, 2010 7:55 am

Postby apc2010 » Tue Nov 09, 2010 10:50 am

englandjay, welcome to the forum,,, please ignore jack, there are pros and cons to living in cyprus...
if your business is uk registered, do it ....
rent in the coastal areas are very reasonable compared to the uk .....
User avatar
apc2010
Regular Contributor
Regular Contributor
 
Posts: 2522
Joined: Tue Feb 02, 2010 9:11 pm

Postby merrytraveller » Tue Nov 09, 2010 10:57 am

I agree with apc2010 there are pros and cons. I have been here for ten years and consider it the best thing I ever did. Just remember to use common sense in everything you do and be prepared for the fact that this is not Europe and there is only a thin veneer of civilisation.
merrytraveller
Member
Member
 
Posts: 61
Joined: Thu Jan 15, 2009 12:19 pm
Location: Limassol

Postby CrookedRiverGuy » Tue Nov 09, 2010 12:36 pm

merrytraveller wrote:this is not Europe


I'm not so good with maps! Approx where is that island of yours? Middle East? Africa? Oceania?
User avatar
CrookedRiverGuy
Contributor
Contributor
 
Posts: 297
Joined: Sun Mar 28, 2010 5:15 pm

Postby SKI-preo » Wed Nov 10, 2010 1:27 am

The low tax, cheaper rent and lax employment laws make running a business easier than many other places. Internet speeds are not world class. An online business is an ideal business to set up in Cyprus as you will not have to rely on selling to Cypriots. What do you sell online? Canned pickled ambeloboulia (song birds)?
User avatar
SKI-preo
Regular Contributor
Regular Contributor
 
Posts: 1355
Joined: Thu Oct 22, 2009 12:17 am
Location: New Zealand/Australia

Postby Get Real! » Wed Nov 10, 2010 1:59 am

merrytraveller wrote:...be prepared for the fact that this is not Europe and there is only a thin veneer of civilisation.

Are you for real? Image
User avatar
Get Real!
Forum Addict
Forum Addict
 
Posts: 40430
Joined: Mon Feb 26, 2007 12:25 am
Location: Nicosia

Re: Moving to cyprus with business

Postby Tim Drayton » Wed Nov 10, 2010 11:43 am

EnglandJay wrote:Hello ive got an online business, would it be easy for me to move it to cyprus and myself. is there anyone who could give me any advice on this please. want to rent place near beach town like holiday resorty place so dont need a car, villa would be nice. from england, just curious if anyone can give me some advice or help thank you in advance :)


I am British and am in a line of work that can in theory be conducted over the Internet from anywhere in the world that has a decent communication infrastructure. I set up here shortly after Cyprus entered the EU and can assure you that this is a very business friendly place with light regulation and a simple tax structure. It is very easy now for an EU national to settle here and start their own business, once you spend a few weeks going through the bureaucratic formalities, and no real hurdles are placed in your way. Like all small islands, Cyprus is a very clannish place and people here do not like to see foreigners poaching on the territory of established local businesses. As long as you are not doing this, in my experience, you are welcomed with open arms.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Re: Moving to cyprus with business

Postby Tim Drayton » Wed Nov 10, 2010 11:46 am

Tim Drayton wrote:
EnglandJay wrote:Hello ive got an online business, would it be easy for me to move it to cyprus and myself. is there anyone who could give me any advice on this please. want to rent place near beach town like holiday resorty place so dont need a car, villa would be nice. from england, just curious if anyone can give me some advice or help thank you in advance :)


I am British and am in a line of work that can in theory be conducted over the Internet from anywhere in the world that has a decent communication infrastructure. I set up here shortly after Cyprus entered the EU and can assure you that this is a very business friendly place with light regulation and a simple tax structure. It is very easy now for an EU national to settle here and start their own business, once you spend a few weeks going through the bureaucratic formalities, and no real hurdles are placed in your way. Like all small islands, Cyprus is a very clannish place and people here do not like to see foreigners poaching on the territory of established local businesses. As long as you are not doing this, in my experience, you are welcomed with open arms.


PS - One snag may be that the VAT threshold here is very low and you will almost certainly have to become VAT registered, whereas in the UK small one-person businesses most often can remain VAT exempt.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Postby lovernomore » Fri Nov 12, 2010 12:30 pm

Get Real! wrote:
merrytraveller wrote:...be prepared for the fact that this is not Europe and there is only a thin veneer of civilisation.

Are you for real? Image


merrytraveller is stating facts, whats your problem? I can spend £5000-£10000 and buy myself a title like LORD, but Id be silly to think I really was one. The same applies to you, you are not Europens and most importatntly you are not CIVILISED.
User avatar
lovernomore
Contributor
Contributor
 
Posts: 430
Joined: Wed Apr 25, 2007 4:58 pm


Return to Cyprus Tourism

Who is online

Users browsing this forum: No registered users and 0 guests