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PostPosted: Sat Oct 20, 2012 12:36 pm 
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Joined: Thu May 24, 2012 7:06 pm
Posts: 27
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


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PostPosted: Sat Oct 20, 2012 12:40 pm 
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Joined: Thu May 24, 2012 7:06 pm
Posts: 27
Also.. can I register for VAT over here or again do I have to be registered in Cyprus?


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PostPosted: Sun Oct 21, 2012 8:57 am 
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Joined: Mon Feb 02, 2009 1:13 pm
Posts: 1062
Laura

Suggest that you go and see a Lawyer for advice.

Alan


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PostPosted: Sun Oct 21, 2012 2:49 pm 
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Joined: Wed Jul 30, 2008 6:08 pm
Posts: 1800
I presume that's why she put her query in the legal section!!

Lesley


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PostPosted: Mon Oct 22, 2012 6:34 pm 
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Joined: Mon Feb 02, 2009 1:13 pm
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I only view "active topics".

My advice still stands.

Alan


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PostPosted: Tue Oct 23, 2012 6:34 pm 
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Joined: Mon Oct 22, 2012 9:51 pm
Posts: 33
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.


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