The weather is great but prohibitive taxation (and social security contributions), confusing and sloppily implemented regulation, absence of infrastructure and bad work ethics don't help. It's much easier to set up shop in Cyprus.
The weather is great but prohibitive taxation (and social security contributions), confusing and sloppily implemented regulation, absence of infrastructure and bad work ethics don't help. It's much easier to set up shop in Cyprus.
You are also obliged to pay for state health insurance in order to own a company which also changes constantly and upwards all the time. I you fail to pay your own health insurance you can go to jail. You cannot stop the health insurance. You have to close the company. If you owe health insurance payments and cannot pay them you cannot close the company and the health insurance debt keeps mounting up.
Ah, yes. I wouldn't suggest it for having the offices there. Just to incorporate. And with online teams, you can be anywhere too.