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International corporate law
Starting and Managing a Business in Cyprus BUY A READY-MADE BUSINESS (FIRM) IN CYPRUS

Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

E-mail

miroshnychenko@prikhodko.com.ua

Phone numbers

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

BUY A READY-MADE BUSINESS (FIRM) IN CYPRUS

Our specialists will help you to buy a business in Cyprus only for your benefit.

Buying a business in Cyprus is more profitable from an economic point of view than creating a new company based on the following provisions:

The purchase procedure is simpler and does not take so much time;
passed the most difficult stages of business creation and registration;
when the company is re-registered, other registration changes can be made (name, legal address, composition of founders and type of activity);
the owner of the company can obtain the status of a resident of Cyprus;
a positive history of the company affects the creation of a favorable image in the future;
the working company has already gained a good reputation.

Services in purchase of the ready company (firm) in Cyprus

Our specialists will prepare all the necessary documents you need to buy a company, and you need to provide the following information:

Who will buy a ready-made company, a legal entity or an individual, if a legal entity buys, you must provide information – the decision of the highest governing body of the company (if it is a foreign company, then the resolution of the director), if the seller / buyer is a company.

In a limited liability company, the supreme governing body is usually the general meeting of participants (if there are several participants), or the participant (if he is one). In a joint-stock company, it is a general meeting of shareholders.

What is the cost of the finished company (firm) in Cyprus?

Leave your phone number, we will send you a price offer.

Buying a ready-made business in Cyprus is a rational and optimal spending of your funds, which in the future will bring you money and ensure stable and efficient operation.

The corporate tax rate in Cyprus was raised to 15%. Doesn't this create problems for Ukrainian business?

On the contrary, it is a strategic advantage. The Tax Code of Ukraine provides for exemption from CFC taxation if the effective rate in the foreign jurisdiction is at least 13%. The 15% rate in Cyprus automatically allows legally exempting the profit of a Cyprus company from additional taxation in Ukraine.

How does the updated IP Box regime for IT companies work?

The Cyprus IP Box applies the Modified Nexus Approach, where the benefit depends on actual development costs. If a company develops software locally, 80% of qualifying profit is exempt from taxes. The 15% corporate tax applies only to the remaining 20% of profit, giving an effective tax rate of 3%.

Is it necessary to pay tax on undistributed profit and the annual company levy?

No. The Deemed Dividend Distribution (DDD) rule was completely abolished for profits generated from January 1, 2026. The annual fixed Annual Levy of €350 was also abolished starting in 2024.

Can I get Cyprus tax residency as a business founder?

Yes, the “60-day rule” applies to business founders. It allows you to obtain tax resident status by staying in Cyprus for only 60 days a year if you own or rent housing, have business ties to the country, and are not a tax resident of another state.

What is Notional Interest Deduction (NID) and who is it suitable for?

NID is a powerful incentive for capital-intensive businesses (e.g., industrial or investment holdings). It allows deducting notional interest on the amount of new equity capital introduced from the taxable base. The deduction amount equals the yield of 10-year government bonds of the country of investment plus 5%. This tool can reduce taxable profit by up to 80%.

Successful cases on the topic: