Work & Business

For most freelancers earning over €30,000/year, yes. The Ltd pays 15% CIT on profits. You draw dividends as a non-dom and pay 0% SDC. Total tax on €80,000 profit: approximately €12,000 (15%) CIT + small salary PIT - significantly less than the ~20.6% self-employed SI alone on €80,000.

Register as an employer with the Social Insurance Department, set up payroll, and contribute the employer's share (~15.4% total including GESY). For non-EU hires, you'll need to apply for work permits for each employee. Employment contracts must be in writing and comply with Cypriot labour law.

Not officially outside the DN visa for non-EU nationals. EU citizens freelance freely. Non-EU nationals who form a Cyprus company can sometimes obtain a 'self-employment' residence permit but this requires higher substantive business activity than a pure DN visa.