Cyprus VAT number

Some commercial organizations in the Republic of Cyprus pay value added tax, for which you need to get VAT.

Rules for calculating value added tax in the Republic of Cyprus

If the value of taxable supplies is more than 15,600 Euros, registration as a VAT payer is required. The usual VAT rate in Cyprus is 19%. But there are reduced rates of 5% and 9% (for construction, entertainment, sports, books, newspapers, magazines, certain foods, drugs, pet food, etc.).

Zero VAT in Cyprus

Applies to:

relative to gold for the Central Bank of Cyprus;

tourist tours outside the EU;

in certain other cases required by law.

What types of services are exempt from VAT? Here are just a few of them:

rental;

banking services;

dental services;

other medical services;

insurance services;

entertaining;

mail etc

VAT number in Cyprus: how to get it, what are the terms?

Cyprus attracts foreign capital due to the fact that it is quite easy to pay taxes here. Our team has some of the best conditions in Ukraine when working with this jurisdiction.

You fill out a short application form, where you indicate information about the company (which ones, you will be told in more detail during the consultation). After 2-3 days you are already registered as a VAT payer in Cyprus.

As you can see, this jurisdiction really has some of the best conditions for doing business in Europe.

Other Benefits of Cyprus

You may be eligible for a residence permit Cyprus if you receive income from abroad sufficient to cover the cost of living in Cyprus (approximately 15,000–20,000 euro for a family of three) and if you have a rented (purchased) house or apartment.

To obtain Cypriot citizenship, you must invest in real estate or securities at least 2,500,000 Euros.

For more information about taxation in the Republic of Cyprus, the European Union, the Eurozone, please contact Crystal Tax consultants:

on the phone;

email;

via live chat

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International business, end to end

Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.

Confidentiality under contract

Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.

Choosing a jurisdiction

We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.

Timelines and data

We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.

We deal with authorities and banks

We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.

We see every case through

We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.

VAT registration Cyprus. VAT number