Business Start Up costs in Cyprus are expensive and new Expat Business starting in Cyprus should consider their approach to save money and tax in the crucial first two years as the business gets going.

Consider a contractor or sole trader starting a new Cyprus Business.  A start new business could pay over Euro 900 per quarter as a fixed social insurance from the outset. While reductions can be achieved with allot of hard work a minimum social insurance tax bill would be around Euro 300 per quarter.

With good planning you could reduce the business set up costs while remaining compliant for income tax, VAT and Social Insurance

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