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Substance: Cyprus

Cyprus Substance Options

ACTUAL PRESENCE

Any package of services can be made in accordance with the wishes and requirements of the client.

COST

OPTION 1

Monthly payment for services includes the following:

- Office rental in the business center

-General amenities (reception, kitchen, toilet)

-Use of the conference room

-Use of WIFI / set of a personal IP address

-Secretary services (answers to phone calls / fax reception, mailing address)

-Use of shared server / computer room, photocopies / fax

-Water supply, Electricity, Heating and air conditioning

-Cleaning offices and common areas

-Free parking

-Sign with a company name

- Lease agreement (preparation and signing of the Lease Agreement and the relevant decision of the Board of Directors);

 

Municipal tax (registration in the local municipality and payment of the annual fee (paid separately, not included in the package price))

From EURO 700 per month

 

 

Registration in the municipality -100 euros (one-time)

 

 

payment of the annual fee to the municipality of 100 euros. Pay directly to the registry

OPTION 2

Monthly payment for services includes the following:

- Lease agreement (preparation and signing of the Lease Agreement and the relevant decision of the Board of Directors);

-Secretary services (answers to phone calls / fax reception, mailing address)

EURO 400 per month

OPTION 3

Monthly payment for services includes the following:

- Lease agreement (preparation and signing of the Lease Agreement and the relevant decision of the Board of Directors);

-Secretary services (answers to phone calls / fax reception, mailing address)

-Installation of a dedicated telephone line and the Internet, which will allow the company to receive a utility bill in the name of the company

EURO 460 per month

+ cost of services from a local provider for the telephone and Internet (paid by the client)

OPTION 4

-Installation of a dedicated telephone line and automatic forwarding to any mobile phone (there is no possibility to receive a utility bill in the name of the company)

EURO 600 per year

+ actual costs for using the phone

Executive Directors and Employees in Cyprus

-Monthly payroll services and company registration in social security agencies

-recruiting and personnel consulting

- Executive Directors and other staff in Cyprus

- professional liability insurance

- drawing up an employment contract

Salary from 280 euros per month

 

The cost of the remaining services is agreed upon in advance.

Services on request

 

1. IT services

2. Website Design

3. Domain Registration

4. Mail forwarding

• Mailing address - free

• Sorting / processing / forwarding - EURO 430

• Forwarding by e-mail - EURO 340

 

Substance Details 

Note

1. Any phone call or fax adessed to the office will be accepted; any additional secretarial support should be agreed; in case of intensive work, i.e. daily answering phone calls, etc. a separate contract must be concluded. A company may have a telephone, fax number and e-mail registered in the name of the company by a Cyprus provider (e.g. abc@cytanet.com.cy). The telephone line can be connected to the central switch in our building, where there is a secretary who will answer the call on behalf of the company. Invoices issued by the telephone company must be paid directly by the client.

2. In the event that the Company wants to hire employees in Cyprus, it must be registered as an employer in the Social Insurance Department. Next, the employer will need to pay Social Insurance and other payments to the salary of employees. Moreover, employers are obliged on a monthly basis to withhold income tax, payable to the tax authority from the salaries of employees. Probable payment by the employer of special contributions for hired employees, which is charged to the official salary of the employee and depends on the amount of salary. The employer must be notified of all employer obligations.

3. Any other actual expenses (courier delivery, fax, telephone, etc.) are paid additionally.

4. For the payment of services paid on the basis of the calculation of the actual time spent, an additional agreement is concluded.