Registration of the Cyprus Company with the Tax Department
You need to Register your Cyprus Limited Company with the Tax Department of Cyprus to obtain a Tax ID immediately after incorporation.
If the Cyprus Company is going to make taxable transactions of more than €15.600 within the next 30 days or if it has made taxable transactions of €15.600 during the past 12 months then you also need to Register with Tax Department for VAT purposes and if your company is going to have transactions with parties in other EU member countries then you will also need to register your Cyprus Limited Company for VIES purposes.
* Current VAT rate is 19% and the threshold for registration is €15.600.
Cyprus Social Insurance Services
If your Cyprus Limited Company is going to hire employees form other countries you will need to register them and obtain the necessary permissions from the Immigration Department.