AdobeStock 75987450
Your eCommerce Business Plus a Cyprus Company = Win-Win

Cyprus is now a gold mine with a Midas touch. This is probably, the best time to be in Cyprus, not just to vacay, but to invest and settle down as well. Talking of investment and settling down, yes, Cyprus allows entrepreneurs to start their business and settle down here. The e-commerce business in Cyprus is definitely worth investing and there are several reasons for you too. Let us check out how this e-commerce business can be worthwhile to you and for Cyprus.

• Start with Less and Get Great ROI
One of the key reasons for the people to start an e-commerce business is, it does not require a big investment in the office property. Secondly, you will need to have the staff and third party vendors in hand to handle the delivery seamlessly.

• Make Use of the Internet-driven Population
With a great majority of the population using the Internet from their mobile phones, e-commerce thrives. You will be able to reach out to thousands and millions of buyers for your business with ease. Cyprus has one of the highest Internet using population in the world. Additionally, if you can do this in association with Cyprus-based firm, the result will surely be a win-win for all.

• Cyprus with Friendly Laws
Cyprus definitely has plans for tax saving for the entrepreneurs based in the country. Non-nationals can also come to Cyprus with their E-commerce plans and do it from here. Entrepreneurs will need to register with Cyprus VAT authorities. In order to avail tax benefits, the e-commerce business in Cyprus must be based in Cyprus. The entrepreneur must have a citizenship or PR permit. With this, he can proceed to set up the business. Cypriot government seeks for 10% of the taxes for the business.

• Government Support
Last decade saw a low in the Cypriot economy. During this time, the average Cypriot chose to start e-commerce and dropship businesses. There has been no looking back since the revenue these online businesses have generated is vast. It is for this same reason the Office of the Commissioner of Electronic Communications and Postal Regulations has been promoting the business vehemently.
Besides regular shopping sites, there are e-commerce sites based in Cypriot offering banking and financial products and more to EU country members. The potential e-commerce sites have today surely seeing a growth.

Step by step guide for Amazon FBA

Amazon FBA is a smart investment for the people who are looking forward to making money online. The Fulfillment by Amazon or FBA model is growing tremendously because it not only fulfills your orders but also helps in storing, packaging, picking, and shipping the products to the customers. This makes the work a whole lot easier for E-Commerce sellers since they do not have to worry about packaging and delivery services. If you are a seller based in Limassol, Cyprus then just register with Amazon and start looking for product opportunities, Online Solutions Cy Ltd can handle the rest of the work.

Create Your Business Account on Amazon FBA

If you are keen to sell online on Amazon, you require registration with a ‘Professional’ account. Here, your first month will be free and for subsequent months, you will be charged a fee of $39.99 monthly and the selling fee. The E-Commerce sellers based in Limassol can contact with us for further information. Online Solutions Cy ltd, have the team of professionals that will help you in setting up your Amazon FBA business account and offer various marketing solutions too. Below are the steps to set up your business account:

  • Firstly, click on the link and set up your fulfillment account.
  • Now, scroll down and click on the ‘Selling on Amazon’ link. With this, you can reach to millions of customers on the Amazon platform.
  • Then after selecting an option whether you want to ‘Sell as a Professional’ or ‘Sell as an Individual.’ By registering as a professional, you need to pay a monthly fee.
  • Fill out the required personal and business information to become an official seller on Amazon. You do not require any legal information here to kickstart your business initially.
  • The E-Commerce sellers based in Cyprus need to provide their personal tax information that usually includes the social security number. This is required for the sellers operating outside the US.
  • The sellers based outside the US also needs the following:
  • Credit card
  • You need access to the local bank of your country that supports the Automated Clearing House or ACH. It means any electronic funds transfer by Amazon will be deposited there.
  • You must provide your permanent home address to receive personal mails and local contact number with your country’s prefix.
  • The sellers from outside the US require the ‘US EIN Number.’ You can obtain it by filling the Application for Employer Identification Number and IRS Form SS-4.

Finally, by using the above steps, the sellers from Cyprus can register with Amazon. If you need any assistance, reach out to Online Solutions Cy Ltd. marketing advisors who also provide SEO Limassol Cyprus service along with web designing and development for the promotion of your E-Commerce business.