Why do I need to get a Business License in Cyprus?

The establishment of a PI or an EMI in Cyprus seems to be a natural strategic decision mainly driven by the following key factors: 

• EU member states are compliant with EU laws and regulations. 
• Eurozone member, making penetration in EU markets easier. 
• Strong fundamentals for PI and EMI operations and a growing demand basis for such activities from many industry verticals active in Cyprus. 
• Cost-effective setting up and on-going operational services. 
• English is the language of Business. 
• Business-friendly and transparent regulatory system. 
• Opportunities in the local corporate and institutional market. 
• Convenient time zone for conducting 24 hours a day business. 
• Access to an extensive network of double tax treaties allowing for tax-efficient structuring. 
• Favorable tax system. (e.g. no withholding tax on dividend distributions to foreign shareholders, 12.5% corporation tax with the possibility to drop up to 2.5% thanks to Notional Interest Deduction (NID), tax incentives for non-domiciled tax residents, etc.). 
• Availability of a number of highly qualified professional service providers (e.g. accounting firms, legal firms, consultancy firms, etc.). 
• Favorable tax regime for Intellectual Property (IP) rights, under specific requirements. 
• Efficient regulator Central Bank of Cyprus (CBC) which provides streamlined procedures, reduced bureaucracy, and lower regulatory fees. 
• Sophisticated infrastructure.