Cyprus offers one of the most attractive tax regimes in Europe for international professionals and high-net-worth individuals. Understanding the tax residency rules can help you optimize your tax position legally.
The 60-day rule allows individuals to become tax resident in Cyprus if they spend at least 60 days in the country, do not reside in any other country for more than 183 days, and have certain ties to Cyprus.
Non-domiciled tax residents enjoy significant benefits, including exemption from Special Defence Contribution on dividends and interest income. This makes Cyprus particularly attractive for investment income.
The personal income tax rates in Cyprus are progressive, ranging from 0% to 35%. However, various exemptions and deductions can significantly reduce the effective tax rate for qualifying individuals.
Our tax advisory team can help you understand your options and structure your affairs in a tax-efficient manner while ensuring full compliance with Cyprus and international tax regulations.
