Cyprus Tax Residency

Cyprus tax residency is a must for foreign citizens

Great Opportunities for Living Investments

Cyprus has been a full member of the European Union since 2004.

A member of the Eurozone since 2008.

The strategic position of Cyprus, connecting Europe, Middle East, Asia and Africa gives the island great opportunities for business.

In an effort to enhance the competiveness of Cyprus and make it more attractive to foreign citizens to become Cyprus Tax Residents and declare their worldwide income in Cyprus, a law was passed introducing the “Domicile” concept.

According to this Law – from July 2015 individuals who are Cyprus Tax Residents but have not been resident in Cyprus for 17 of the past 20 years are classed as “Non-Domiciled” and there is no tax payable on their income in Cyprus or abroad on Bank Interest and Dividends. A large part of the income of high net worth individuals is usually comprised of dividends and interest.

For more information regarding Taxation benefits for non-domiciled tax residents of Cyprus please view the attached file/presentation:

• Cyprus tax residency is a must for foreign citizens
• Кипр налог на жительство является обязательным для иностранных граждан