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How long does it take to set up a business in Cyprus?

The complete process of company incorporation in Cyprus, including incorporation, bank account approval and corporate internet banking approval, takes 10 weeks on an average.

Is a resident director required for setting up a Limited Liability Company in Cyprus?

No, the director of an LLC in Cyprus need not mandatorily be a resident of Cyprus.

What is the corporate tax rate applicable in Cyprus?

The corporate tax in Cyprus is 12.5%. Also, there is no capital gains tax or withholding tax on dividends paid to a non-resident person or company.