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Crona Group is one of the largest and reliable construction and development companies in Cyprus, which is rapidly developing and growing. We creating modern and inspiring places to live in.

Business Relocation in Cyprus

Cyprus presents an enticing relocation destination, offering businesses and individuals access to an EU territory and a favorable tax regime. With a corporate tax rate of 12.5% and various incentives, companies can quickly commence operations and benefit from a secure legal framework aligned with the EU. The relocation benefits extend to sectors like high-tech, shipping, pharmaceuticals, and innovation. Employment requirements include a minimum monthly salary of €2,500 and a two-year contract. The strategic location, coupled with tax advantages and a high quality of life, positions Cyprus as an attractive choice for those seeking relocation opportunities.

Company Re-domiciliation in Cyprus

Transform your foreign company into a "tax resident" of Cyprus and reap the benefits of its favorable tax regime, boasting a low 12.5% corporate tax rate, dividend exemptions, and various deductions. Cyprus facilitates a streamlined "re-domiciliation" process, allowing the transfer of a company's "seat of incorporation" seamlessly. This unique opportunity empowers international investors to leverage Cyprus's tax advantages without extensive restructuring, ensuring operational continuity and substantial cost savings. Embrace the strategic move to Cyprus and elevate your business to new heights.

Personal Tax in Cyprus

Navigating personal taxes in Cyprus involves considering residency rules, with tax obligations applying to global income for residents. The country's appeal lies in its low corporate tax rate, attractive income tax regime, and numerous exemptions and deductions. Residents spending over 183 days or meeting the 60 days rule are subject to taxation, while various income sources enjoy full or partial exemptions. Additionally, social security payments and defense taxes may apply based on individual circumstances.

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