BECOME A CYPRUS TAX RESIDENT AND SAVE ON YOUR INCOME TAX

Take the free test to find out how much you can save

CALCULATE MY SAVINGS DOWNLOAD THE FREE GUIDE

THE CYPRUS TAX SYSTEM

Cyprus has one of the most attractive tax systems in the EU, offering both legal entities and individuals the opportunity to benefit from Cyprus Income tax on his/her worldwide income, with no obligation to live in the country.

DOWNLOAD THE GUIDE

OUR FREE GUIDE OFFERS FULL INSIGHTS ON ALL THE TAX BENEFITS IN CYPRUS

Cyprus has 60+ double taxation avoidance agreements with various countries.

Low income tax and social contributions compared to the EU average.

Fixed corporate tax rate of 12.5%, among the lowest in the EU.

Income up to €19,500/year is tax-exempt (0% tax rate).

Special exemptions for non-domiciled tax residents.

Attractive Intellectual Property (IP Box) regime, exempting 80% of qualifying profits from taxation.

Significant tax exemption for new employees starting from January 1, 2022: 50% of income exempt for 17 years if annual salary exceeds €55,000 and residency conditions met.

Untitled design 4 5 cyprus
Untitled design 3 2 cyprus
Untitled design 9 1 cyprus
Untitled design 8 2 cyprus
Untitled design 6 1 cyprus
Untitled design 5 1 cyprus

Cyprus tax residency finds extensive use among individuals who are constantly on the move, such as professionals, entrepreneurs and CEOs.

It offers the opportunity to establish Cyprus as a tax residence and thereby potentially reducing tax obligations on worldwide income.

FAST & RELIABLE APPLICATION PROCESS

REDUCE YOUR TAX ON WORLDWIDE INCOME

WORK FROM ANY COUNTRY IN THE WORLD

STRESS LESS. LET US HANDLE YOUR PAPERWORK

CONTACT A CONSULTANT

UNDERSTANDING THE 183-DAYS TAX RESIDENT RULE
To obtain a tax residency certificate in Cyprus, you need to:

Register with the tax authorities of Cyprus and obtain a Tax Identification Code (TIC). 

Fill out and submit form TD2001 to the tax authorities. 

Sign a statement that you intend to stay in Cyprus for more than 183 days in the current tax period. If this requirement is not met later, you will need to submit a new statement for the cancellation of your tax residency certificate. 

Provide evidence of your intention to stay in Cyprus for more than 183 days (employment contract, lease agreement, property ownership documents). 

Provide evidence of foreign income received: interest, dividends, capital gains (except for capital gains from the sale of real estate in Cyprus). 

Submit tax declarations for past years if you were a tax resident of Cyprus. 

Pay all applicable taxes. 

OBTAINING TAX RESIDENCY STATUS

Cyprus offers a relatively straightforward system for obtaining tax residency status, which is based on the number of days spent physically in the Republic during a calendar year.

Cyprus legislation provides two options for individuals to obtain tax residency status: the “183-Day Rule” and the “60-Day Rule.” 

REQUEST MORE INFORMATION

WHAT MAKES YOU A CYPRUS TAX RESIDENT?

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

LOREM IPSUM

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

LOREM IPSUM

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

LOREM IPSUM

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

FREQUENTLY ASKED QUESTIONS

Cyprus has one of the most attractive tax systems in the EU, offering both legal entities and individuals the opportunity to benefit from Cyprus Income tax on his/her worldwide income, with no obligation to live in the country.

RECEIVE EXPERT HELP

For both rules mentioned above, the calculation of days is based on entry and exit dates from the territory of Cyprus (through recognized entry points: international airports in Larnaca and Paphos, seaports in Limassol, Larnaca, Paphos, and Latchi). 

A day spent in Cyprus is considered a day physically present in the state (regardless of whether the territory of Cyprus was left on the same day). A day of departure from Cyprus is considered a day outside the Republic (regardless of whether re-entry into the territory of Cyprus occurred on the same day). Supporting documents for entry and exit dates include passport stamps, boarding passes, and tickets for water transport. 

Submit a Cyprus tax residency certificate to the tax country of citizenship. Suitable for countries with which Cyprus has signed an agreement for the avoidance of double taxation, including Russia. A tax residency certificate can be requested for the previous and current calendar year. To obtain a certificate, you need to pay a fee of €80.

For both rules mentioned above, the calculation of days is based on entry and exit dates from the territory of Cyprus (through recognized entry points: international airports in Larnaca and Paphos, seaports in Limassol, Larnaca, Paphos, and Latchi). 

A day spent in Cyprus is considered a day physically present in the state (regardless of whether the territory of Cyprus was left on the same day). A day of departure from Cyprus is considered a day outside the Republic (regardless of whether re-entry into the territory of Cyprus occurred on the same day). Supporting documents for entry and exit dates include passport stamps, boarding passes, and tickets for water transport. 

The Cyprus Non-Dom program guarantees tax benefits for 17 years, which facilitates long term plans and investments.