{"id":53977,"date":"2024-04-01T17:21:54","date_gmt":"2024-04-01T14:21:54","guid":{"rendered":"https:\/\/epidosis.gr\/working-from-cyprus-on-behalf-of-a-foreign-company\/"},"modified":"2024-04-01T17:45:32","modified_gmt":"2024-04-01T14:45:32","slug":"working-from-cyprus-on-behalf-of-a-foreign-company","status":"publish","type":"post","link":"https:\/\/epidosis.gr\/en\/working-from-cyprus-on-behalf-of-a-foreign-company\/","title":{"rendered":"Working from Cyprus on behalf of a foreign company."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53977\" class=\"elementor elementor-53977 elementor-53968\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-42bfbb9d e-flex e-con-boxed e-con e-parent\" data-id=\"42bfbb9d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-17f3bf2 elementor-widget elementor-widget-text-editor\" data-id=\"17f3bf2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the modern era of Artificial Intelligence and the rapid evolution of information systems, with all the changes brought by the COVID period in our lives, an increasing number of employees in companies abroad wish (with the consent of their employers), <strong>to establish a Cypriot Company (LTD) and continue working on their behalf,<\/strong> as external, remote collaborators.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-160f1f5 elementor-widget elementor-widget-heading\" data-id=\"160f1f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">In order for this to happen, these foreign companies require the establishment of a Cypriot company in order to enter into contracts with their former employees (now contractors), their external collaborators.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ded40b3 elementor-widget elementor-widget-text-editor\" data-id=\"ded40b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>By an overwhelming majority, they accept that the annual contract with the new Cypriot company equals the gross cost, including various expenses they had as employers of a salaried worker: insurance contributions, various in-kind benefits, taxes on wages, etc.<\/p>\n<p>Therefore, the final annual contract amount exceeds that of the net annual salary.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0df6bcf elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"0df6bcf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Therefore, the trend of self-employment with a Cypriot company continues to rise and appears to persist, given that technology allows, especially for service providers, to offer their services remotely from anywhere in the world.\n\n <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-400168d elementor-widget elementor-widget-text-editor\" data-id=\"400168d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Furthermore, <b>important<\/b><strong>Tax Incentives<\/strong> The Ministry of Finance of Cyprus offers<strong>completely legally<\/strong>) the opportunity to enjoy<b> 87.5% of their income <\/b>(!) as taxation is consistently <b>12.5% in Cyprus<\/b> as well as in Greece, in case of repatriation of Dividends (cash out) with a Tax Certificate issued by the Ministry. Ministry of Finance in Cyprus and deposited with the competent Tax Office for the audit of the Greek Tax Declaration (\u03951), utilizing the Double Taxation Avoidance according to the applicable Tax Law.<\/p>\n<\/p>\n<p>The company EPIDOSIS &#8211; Expand Your Business undertakes daily the Establishment and Maintenance of accounting for various businesses, covering a range of specialties such as<\/p>\n<p>Developers, Sales, HR, <wbr><\/wbr>Procurement, Marketing, <wbr><\/wbr>Communication, Business Strategy, Financial Managers.<\/p>\n<\/p>\n<p>You can send us a message on the <strong><a href=\"https:\/\/epidosis.gr\/en\/contact-2\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/epidosis.gr\/contact&amp;source=gmail&amp;ust=1682768182473000&amp;usg=AOvVaw3ySEhDn_ynTjCq-mHLnJpj\">Contact Form<\/a><\/strong>Formor you can call at our offices in Athens <strong><a href=\"tel:+302106810690\" target=\"_blank\" rel=\"noopener\">2106810690<\/a><\/strong> or in Thessaloniki <strong><a href=\"tel:+302310477725\" target=\"_blank\" rel=\"noopener\">2310477725 <\/a><\/strong>to analyse all the above.<\/p><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In the modern era of Artificial Intelligence and the rapid evolution of information systems, with all the changes brought by the COVID period in our lives, an increasing number of employees in companies abroad wish (with the consent of their employers), to establish a Cypriot Company (LTD) and continue working on their behalf, as external, [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":53970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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