Information technology, or simply IT, is for a long time one of the most prolific industries in Cyprus thanks to the great number of foreign professionals who offer their services as sole traders or through companies established here. One of the most appreciated branches of the IT industry is software development.
If you want to set up a software company in this country, you can rely on our lawyers in Cyprus who are specialized in offering tailored services related to the registration of companies.
Table of Contents
The registration of a software company can be handled by our Cypriot lawyers who will start with drafting the documents required by the Trade Register. They will then file them with the Companies Register and assist with the opening of the company’s bank account and the registration with the tax authorities.
There is no specific license to be obtained when opening a software company in Cyprus, therefore the registration procedure is quite simple and fast.
When starting a software company in Cyprus, the business owner will need to select the appropriate NACE code, as such a company can undertake various types of activities. Among the NACE codes available for an IT company, we remind the following:
The NACE code must appear in the Cyprus software company’s Articles of Association.
The Cypriot government supports IT companies, including software development businesses, through various incentives. Among these tax breaks and assistance programs for research and development activities.
If you need more information on how to start a software company in Cyprus, do not hesitate to contact us. We remind foreign investors that the legal services offered by our Cypriot lawyers are tailored to their needs and we can also help them if they want to register software companies here.