VAT, TIN & Social Security Registration

The TIN is issued by the Cyprus Tax Department and is your unique identifier for all tax matters. You need it to:

• File personal or corporate tax returns
• Open a bank account (most banks require it)
• Register for VAT
• Apply for Social Insurance
• Claim your Non-Dom status benefits

We prepare and submit your TIN application, ensuring all supporting documents meet the Tax Department's requirements.

VAT registration is mandatory for businesses with annual turnover exceeding €15,600. Voluntary registration is available for businesses below this threshold that want to reclaim input VAT on purchases.

Key VAT rates in Cyprus:

• Standard rate: 19% — applies to most goods and services
• Reduced rate: 9% — restaurant and accommodation services
• Reduced rate: 5% — certain food items, books, pharmaceutical products
• Zero rate: 0% — intra-community supplies and exports

We handle the entire VAT registration process including VIES registration for EU cross-border transactions.

All employed and self-employed individuals in Cyprus must register with the Social Insurance Services. Contributions fund:

• State pension and retirement benefits
• GeSY (General Healthcare System) — universal healthcare coverage
• Unemployment benefits
• Maternity and sickness allowances
• Work injury protection

Contribution rates (2026): Employees contribute approximately 8.3% of gross salary (shared between employer and employee). Self-employed contribute approximately 15.6% of declared income.