Cyprus Tax Residency

Are you considering becoming a tax resident of Cyprus? Our experienced team specializes in tax law and can provide the guidance and support you need every step of the way. Contact us today to learn more about how we can help you achieve your financial goals.

Become a Cyprus tax resident by staying in Cyprus 60 days

Under the “60 day rule”, a natural person can be considered as a Cyprus tax resident provided that he/she remains in Cyprus for at least 60 days during a tax year which he/she have to maintain a permanent residence in Cyprus (by either owning a property or renting a property), and he/she must not reside in any other single state for a period exceeding 183 days. Lastly, a natural person needs to be carrying out business activities in Cyprus in order for him/her to become Cyprus tax resident.

Cyprus Non-Domiciled Tax Residency

Natural Persons can be deemed as Non-Domiciled Tax Residents of Cyprus if they have not been born in Cyprus or have not lived in Cyprus for at least the last 17 years.
Under the Non-Domiciled Tax Residency status, individuals will be exempt from the Special Defence Contribution (SDC) for 17 out of 20 years, which means no tax on worldwide dividend, interest and no tax on rental income for non-domiciled individuals.

In addition, under the Non-Domiciled Tax Residency status, individuals who take up employment in Cyprus with an annual income of more than €100,000 per year will be exempted 50% of their income from tax for a period of ten years.