Easy Headquartering

Relocating your business to Cyprus, specifically to Limassol or Paphos, offers numerous benefits for companies seeking to establish headquarters in a strategic location with a favorable business environment. Here's a detailed description of why relocating to these cities can be a game-changing decision for international businesses.

Why Relocate Your Business to Limassol or Paphos?

Cyprus has positioned itself as a prime location for headquartering international companies due to its strategic location, low corporate tax rate, and modern infrastructure. Limassol and Paphos are two of the most prominent cities, offering unique advantages for businesses of all sizes.

Benefits of Relocating to Limassol

1. Business Hub: Limassol is known as the economic heart of Cyprus, particularly favored by multinational corporations in the shipping, finance, and technology sectors. Limassol offers access to a highly skilled workforce, robust infrastructure, and proximity to Larnaca International Airport and Paphos Airport, making it ideal for businesses with a global reach.
2. Tax Advantages: Cyprus offers one of the lowest corporate tax rates in Europe at 12.5%. Companies that relocate their headquarters to Limassol can benefit from a favorable tax regime, including exemptions for profits from the disposal of securities and a reduced VAT rate of 5% for real estate transactions. Limassol is particularly attractive for companies with significant intellectual property due to the country’s IP Box regime, which reduces effective tax rates for IP-related income to as low as 2.5%.
3. Real Estate Opportunities: Limassol boasts a thriving commercial real estate market, with options to buy, rent, or invest in office spaces, shops, and commercial buildings. Whether you're seeking luxury headquarters with sea views or state-of-the-art offices in a business district, Limassol offers a wide variety of properties to suit your needs.
4. Quality of Life: Limassol is also renowned for its high quality of life. With a beautiful Mediterranean coastline, vibrant cultural scene, and world-class dining options, the city is highly attractive to expatriates and their families. Businesses that relocate to Limassol can expect employees to enjoy an exceptional work-life balance, fostering productivity and retention.

Benefits of Relocating to Paphos

1. Tourism and Real Estate Growth: Paphos is gaining popularity as a luxury residential and commercial hub, particularly among companies in the tourism and hospitality sectors. Its stunning coastal location and recent developments in infrastructure make it an attractive destination for companies looking to buy or rent office spaces or commercial buildings.
2. Investment Opportunities: Paphos offers numerous opportunities for real estate investment, especially in luxury villas, residential apartments, and commercial properties. As a growing tourist destination, Paphos has seen a rise in demand for both residential and commercial rentals, making it a prime location for companies looking to invest in buy-to-let properties.
3. Cost-Effective Operations: For companies looking to lower operational costs, Paphos presents an excellent opportunity. The cost of office space and commercial buildings in Paphos is generally lower than in Limassol, allowing businesses to enjoy all the benefits of Cyprus’ favorable tax system while minimizing expenses.

Assistance We Provide at Luxury.cy

At Luxury.cy, we specialize in helping businesses seamlessly relocate their operations to Cyprus, offering a range of services that cater to both commercial and residential property needs.

1. Commercial Properties in Limassol and Paphos: We assist companies in finding the perfect commercial spaces, whether it’s office buildings, shops, or industrial properties. Our team takes responsibility for finding properties that meet your specifications, handling every aspect of the process from negotiations to legal documentation.
2. Residential Accommodation for Directors and Personnel: We understand that relocating key personnel is essential to business success. We take full responsibility for sourcing residential accommodation for directors and staff, whether they’re looking to buy, rent, or invest. We offer a wide range of luxury villas, apartments, and houses in both Limassol and Paphos, ensuring your team enjoys a smooth transition to their new homes.
3. Comprehensive Relocation Services: In addition to property services, we offer full relocation support, including assistance with work permits, residence permits, and family reunification. We ensure that both businesses and their employees enjoy a seamless move to Cyprus, providing ongoing support long after the relocation.

Why Choose Cyprus for Headquartering?

Relocating your business to Cyprus offers significant advantages. The country boasts a business-friendly legal framework, access to the EU single market, and a well-educated, multilingual workforce. Limassol and Paphos, in particular, are thriving hubs for real estate investment, office rentals, and commercial property acquisitions, ensuring that your business will thrive in these strategically located cities.

Cyprus also provides excellent tax incentives, including no withholding tax on dividends, interest, or royalties paid to foreign companies, and 50% income tax exemptions for non-domiciled employees earning over €55,000. These benefits, combined with Cyprus’ stable political environment and well-established legal system, make it the ideal destination for companies seeking to expand their global presence.

Conclusion

Whether you’re looking to relocate your headquarters to Limassol or Paphos, or seeking investment opportunities in Cyprus’ growing real estate market, Luxury.cy is here to help. We offer comprehensive services for commercial and residential properties, ensuring a smooth and successful relocation for your business and its personnel. From securing office spaces to finding luxury residential homes for your team, we are committed to making Cyprus the perfect base for your operations.

Contact us today to learn more about our headquartering and relocation services and how we can support your business in its transition to Cyprus.