Frequently Asked Questions
What are the ways to qualify as a tax resident in Cyprus?
There are two main ways to qualify as a tax resident in Cyprus: the 183-day rule and the 60-day rule, both offering pathways based on physical presence and additional criteria related to economic activities and personal ties
What are the conditions for the 183-day rule for Cyprus tax residency?
To qualify under the 183-day rule, you must spend at least 183 days in Cyprus within a single calendar year
What are the conditions for the 60-day rule for Cyprus tax residency?
The 60-day rule requires you to stay in Cyprus for at least 60 days in the year, not be a tax resident in another country, and have other ties to Cyprus such as employment or business activities.
What are the prerequisites for acquiring Non-Dom status in Cyprus?
To qualify for Non-Dom status in Cyprus, an individual must first establish tax residency in Cyprus, typically through the 183-day rule or the 60-day rule. Importantly, the individual must not have been a tax resident of Cyprus for at least 17 out of the last 20 years prior to the year of claiming Non-Dom status. This ensures that those benefiting from the Non-Dom status are genuinely new or returning residents rather than long-term continuous residents.
From when am I considered a Cyprus tax resident under these rules?
You are considered a Cyprus tax resident from the first day of the year (January 1st) in which you meet the requirements of either the 183-day or the 60-day rule.
How long does Non-Dom status last in Cyprus?
Non-Dom status in Cyprus can last for 17 years. During this time, qualifying non-domiciles can enjoy important tax benefits.
What are the tax benefits of obtaining Non-Dom status in Cyprus?
Non-Dom individuals do not pay tax on dividends and interest from around the world. They also do not pay capital gains tax when they sell securities.
Are there any nationality restrictions for obtaining Non-Dom status in Cyprus?
Anyone can get Non-Dom status in Cyprus. There are no nationality restrictions. It is open to any eligible tax resident of Cyprus, no matter their nationality.
Can family members also benefit from my Non-Dom status?
Family members do not gain direct benefits from your Non-Dom status. However, they can apply for their own status if they meet the residency requirements.