With a great climate and access to the sea, Cyprus is the perfect location for starting a business in the hotel, restaurant, and café sector, shortly known as HORECA. Foreign enterprisers have the same rights as local ones when it comes to operating in this industry which is why HORECA companies are usually established by other European investors.
Our company formation agents in Cyprus can offer detailed information about the most important requirements for starting a HORECA company.
There are several types of businesses which can operate in the hospitality sector. These are companies mentioned above: hotels, restaurants, and cafes, however, investors also have the options or setting up one business which encompasses all the hospitality services.
The first step in opening a HORECA business is to register a company with the Cyprus Companies Registrar and then apply for the necessary licenses and pass several inspections before starting the operations.
Our Cyprus company formation consultants can help with the registration of the HORECA business with the Companies Register.
There are several licensing criteria applicable to HORECA companies operating in Cyprus.
The following requisites apply to restaurants and cafes:
In the case of Cypriot hotels, the following requirements apply:
For assistance in starting a HORECA company in this jurisdiction, please contact our company formation advisors in Cyprus who can explain all the special requirements applicable to such establishments.