Cyprus-Forum.com

[hygeenik]

As an EU member how easey to start a business in Cyprus, any useful information or advise would be appreciated.

[purdey]

I am sure it is easier than it was. I started out some 20 years ago albeit with the help of my father who has had businesses in Cyprus since the early sixties.
My concern for any new business venture in Cyprus is do you have enough capital to survive two years without making a profit. It's very competitive and land/ commercial premises tend to be very expensive.
Tread carefully and do your homework, but by all means give it a go.
Good luck.

[CBBB]

Depends a lot on the type of business, some are much more difficult to set up than others, especially those were you need a variety of licences.

[Z4]

Good luck!

[baby-come-fly-with-me]

Be careful too

[Z4]

Anyway, wot business are you thinking of?

[hygeenik]

I am importing an exclusive product that replaces that germ ridden tiolet brush, its high pressure jet of water cleans in seconds using less than 1/4 ltr of water, breaking down tiolet tissue at the same time reducing the risk of blockages, using a standard loo brush usually requires a second flush to clean the brush using up to 6 ltrs of water,

I am also considering other options partnership /investment/distibutor etc who are involved in plumbing or bathroom accessories

I have attached image of white unit,chrome is also available

[Tim Drayton]

I am an EU national who has settled in Cyprus and is working on a self-employed basis. This is obviously slightly different from setting up a business, but my experiences may be of some relevance. I have found Cyprus to be a business friendly place where you can get on with your business without being strangled by red tape. Rates of taxation are also low. I have found people at the various government offices that I have dealt with to be courteous and helpful.

If you are new to Cyprus and want to do all the leg work yourself, the first step I would advise you to take would be to go to one of the state telephone company (known as 'CYTA') offices where you should find copies of the local telephone directory, available both in Greek and in English, which you can help yourself to free. The reason for this is that on the back pages of this directory you will find a comprehensive list of the addresses and telephone numbers of all the government offices in the district. I found this list to be a real godsend once you start making inquiries and people tell you to go to such and such and office for such and such a form. The most logical starting place would be to make inquiries with the Ministry of Commerce and Industry. Then you will need to follow the necessary procedures at the relevant offices. If you can speak Greek then obviously things will be a lot easier. However, you can almost always find people who can assist you in English at government offices.

The alternative, obviously, is to go to an accountant or business consultant and get them to set everything up for you, at a cost.

[hygeenik]

thank you for your advise, it is very much appreciated..

[purdey]

Have you got sole rights to distribute this product in Cyprus ?
Is the product patented ?
Worth looking into, many a business in Cyprus has failed due to the above.
I hope you will be flushed with success.