International Company Support & Foreign Hiring

Cyprus has established itself as a strategic hub for international business, offering a competitive tax regime, access to EU markets, and a well-regulated professional services sector. At Vonturm, we provide specialised support to foreign companies operating in Cyprus, covering incorporation, structuring, compliance, and the legal employment of foreign nationals.

Our team bridges legal, fiscal, and practical domains, ensuring that your presence in Cyprus is both functional and fully aligned with local requirements and international obligations.

Structuring and Setting Up a Company in Cyprus

We advise foreign entrepreneurs, corporate groups, and institutional investors in the formation and structuring of local entities under Cypriot Companies Law (Cap. 113) and relevant EU regulations.

Our services include:

• Incorporation of Cyprus private limited companies, branches, or partnerships

• Registration with the Registrar of Companies, Tax Department, and Social Insurance Office

• Establishment of substance-compliant operational models

• Legal drafting of shareholder agreements, board structures, and internal rules

• Liaison with banks and assistance in corporate account opening

• Setup of local registered office and corporate secretarial functions

We tailor each structure to match the client’s commercial purpose, tax profile, and international reporting obligations (e.g. FATCA, CRS, DAC6).

Cross-Border Corporate Management

International companies often operate across multiple jurisdictions, requiring careful attention to management and control tests, transfer pricing documentation, and risk-based governance models.

We support clients in:

• Evaluating and ensuring tax residency of Cyprus companies

• Coordinating with foreign headquarters or affiliates

• Drafting intercompany service agreements and loan arrangements

• Reviewing management control structures to avoid permanent establishment (PE) risks

• Advising on EU parent-subsidiary and interest-royalty directives

We also coordinate with foreign legal or tax advisors to ensure alignment across jurisdictions.

Hiring Foreign Employees in Cyprus

Employing foreign nationals in Cyprus—especially non-EU citizens—requires compliance with strict immigration and employment regulations. We assist businesses in:

• Preparing applications for work permits, temporary residence, and immigration approvals

• Drafting employment contracts that comply with both labour and migration laws

• Ensuring compliance with quota systems and minimum salary thresholds

• Managing family reunification, renewals, and change-of-status applications

• Advising on tax residency and non-domicile planning for expatriates

We provide strategic support for foreign companies relocating staff to Cyprus, especially in sectors like tech, shipping, investment, and energy.

Employer of Record (EoR) and Staff Outsourcing Support

For companies not yet ready to incorporate in Cyprus but needing staff on the ground, we offer Employer of Record (EoR) solutions and cooperation with licensed staff leasing providers. Through our network, we can:

• Engage employees on your behalf under a local employment contract

• Ensure full compliance with payroll, insurance, and tax laws

• Reduce administrative burdens and accelerate market entry

• Support short-term assignments, trials, or project-based engagements

This service is particularly valuable for companies in early-stage market testing or limited-scope operations.

Immigration Planning and Compliance Audits

Cyprus immigration policies are subject to periodic revision, with increasing scrutiny on compliance and proper use of residency programs. Vonturm helps companies anticipate and prepare for:

• Labour Department inspections and compliance reviews

• Risk-based AML and source-of-funds documentation for foreign directors or UBOs

• Staff mobility strategies aligned with intra-group policies

• Compliance with EU posting of workers directives

• Regularisation of undocumented arrangements or legacy employment structures

We proactively manage risk and ensure your workforce structure remains defensible and audit-ready.