Registration of a Company to Social Insurance

At IBCCS TAX we are experienced international tax planning advisers offering legal
& tax advisory assistance both on an international and local scale.

Registration of a Company to Social Insurance

Registering your company with the social insurance system is a legal requirement in Cyprus. At IBCCS TAX, we provide professional services to facilitate the seamless registration of your company with the social insurance authorities. Our dedicated team ensures that the registration process is completed accurately and in a timely manner, helping you fulfil your obligations and ensure compliance with social insurance regulations.

Planning, implementation, & compliance

Planning, implementation, & compliance

Frequently Asked Questions

All types of companies operating in Cyprus, including limited liability companies, public companies, partnerships, and sole traders with employees, are obliged to register with the social insurance system.

At IBCCS TAX, we offer comprehensive services to assist you with the registration of your company to social insurance. Our experienced team guides you through the registration process, ensuring that all necessary documentation is accurately prepared and submitted to the social insurance authorities. Our services include:

  1. Documentation Preparation: We assist you in gathering the required documentation for company registration, including company details, legal forms, and supporting documents.
  2. Application Submission: Our team handles the submission of the registration application to the social insurance authorities on your behalf. We ensure that all necessary forms are completed accurately and that the required supporting documents are provided.
  3. Timely Registration: We understand the importance of timely registration. Our team ensures that the registration process is initiated promptly, allowing your company to comply with the registration requirements and meet the deadlines.
  4. Compliance with Regulations: We stay up-to-date with the latest regulations and requirements set by the social insurance authorities in Cyprus. Our services are designed to ensure compliance with these regulations, helping you avoid any issues related to non-compliance.

At IBCCS TAX, we have a deep understanding of the social insurance system in Cyprus and the importance of timely company registration. Our team of experts is well-versed in the registration process and the associated legal requirements, ensuring that your company registration is accurate, and efficient.

Timely registration of your company with the social insurance system is crucial for several reasons:

  1. Legal Compliance: Registering your company with the social insurance system is a legal obligation in Cyprus. By ensuring timely registration, you comply with the regulations set by the social insurance authorities, avoiding potential penalties and legal consequences.
  2. Employee Coverage: Timely registration ensures that your employees are covered by social insurance. It provides them with access to valuable benefits, including healthcare coverage, maternity and paternity leave, disability benefits, unemployment benefits, and pensions. By registering your company, you contribute to the protection and well-being of your employees.
  3. Compliance with Labour Laws: Registering your company with the social insurance system is an essential aspect of complying with labour laws in Cyprus. It demonstrates your commitment to fulfilling your obligations as an employer and operating within the legal framework.
  4. Accurate Contribution Calculation: Timely registration enables accurate calculation of social insurance contributions. By registering your company, you ensure that the correct amount of contributions is deducted from your employees’ salaries and remitted to the social insurance authorities. This helps maintain fairness and equity in contribution payments.
  5. Reporting Obligations: Registering your company with the social insurance system also entails fulfilling reporting obligations. Timely submission of social insurance declarations and timely payment of contributions are crucial. Compliance with these obligations helps you avoid penalties, audits, and any legal complications.
  6. Reputation and Employee Retention: Timely registration and compliance with social insurance requirements enhance your company’s reputation as a responsible employer. It fosters employee satisfaction, loyalty, and retention by providing them with social security benefits and demonstrating your commitment to their well-being.

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Seamless Transitions and Tailored Tax Solutions

Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
We assist our clients in relocation and at all stages of their entrepreneurship adventure: from structuring the business in a tax-efficient manner, through the daily administration and operations of the companies.

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Management Team

Cezary Zieniuk

Managing Partner

Jowita Jablonska

Managing Partner

Anna Gavriilidi

Accounting Department Manager