Paphos People

Hi,

I have a business registered in the UK, and believe that because we're in the EU I can run that business over here without having to register here? Am I correct?

Also I need to open a business account over here just a simple one no loans or overdrafts. But do I need to register over here to open an account?

Thanks

Also.. can I register for VAT over here or again do I have to be registered in Cyprus?

Laura

Suggest that you go and see a Lawyer for advice.

Alan

I presume that's why she put her query in the legal section!!

Lesley

I only view "active topics".

My advice still stands.

Alan

I would advise you to seek professional advice.

You may not trade under your UK business name if some-one in Cyprus already has that name (or a very similar name) already "registered" with the Cyprus Registrar of Companies. You can "run" your business (ie if it is "on-line") - but you cannot "perform" your business ie trade locally without the proper registrations etc.

You would probably have to set up a subsiduary company ie (ABC (Cyprus) Ltd or similar).

VAT will depend on the turn-over of business conducted IN Cyprus - the VAT threshold in Cyprus is much lower than the UK. VAT has to be paid locally for business conducted locally.

Do not assume anything. Get qualified advice please.