Setting up a business in Cyprus

[icedgem32]

Originally Posted by Miles and Sue

Faye

What was the book called

Thanks

Miles

hi its called buying a property in cyprus i have just read it ! it has every thing in it its a really good read and very usefull as it has loads of web site adresses its your little bible of cyprus property !Buying a Property: Cyprus (Paperback)
by Paul Hellander (Author), John Howell (Author)

Hi so sorry it didnt work out for you here. It pays to do a lot of homework and sometimes this means years of research. The mentality is different here thats true, and trying as some have to work against the natural flow here has meant failure. I dont agree that being Cypriot necessarily goes against setting up business, it depends on which business you are entering into. Cyprus truly is a wonderful place to live and if you can succeed in business as well its a perfect place to stay. Good luck with everything and hope your health improves.

[Cleo Shahateet]

As far as cost, I can't tell you my experience since my father-in-law is a lawyer and he set everything up and paid for it. But, my advice is to make sure you have a good cash reserve in case things don't go as smoothly and rapidly as you expect. In my case, the 2 week period it was supposed to take to get a company name and register a Limited Liability Company took over 4 months even with my father-in-law's 20 years of law practice and he is Cypriot! That was surprising to me. The paperwork had apparently been lost and that was discovered after 2 months of waiting then it still took another 2 months.

If you have a good business plan, a good product or service, patience to get the paperwork and research done to start a business it is worth it, especially in a place like Paphos because the potential in enormous.