Cyprus Tax Residency: A Gateway to Exceptional Tax Advantages

Discover Why Cyprus is the Smart Choice for Professionals and Entrepreneurs

Establishing tax residency in Cyprus offers unparalleled opportunities for professionals, executives, and entrepreneurs seeking to optimize their financial standing. With its business-friendly tax regime, strategic location, and straightforward residency procedures, Cyprus is the ultimate destination for those looking to thrive globally while enjoying local benefits.

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How to Become a Cyprus Tax Resident

Establishing tax residency in Cyprus offers unparalleled opportunities for professionals, executives, and entrepreneurs seeking to optimise their financial standing.

With its business-friendly tax regime, strategic location, and straightforward residency procedures, Cyprus is the ultimate destination for those looking to thrive globally while enjoying local benefits.

The 183-Day Rule

Spend more than 183 days in Cyprus within a calendar year, and you qualify as a Cyprus tax resident. This status applies to your worldwide income, taxed under Cyprus’ favorable tax regime.

The 60-Day Rule

Introduced in 2017, the 60-Day Rule is designed to attract high-profile individuals, offering residency for those spending just 60 days in Cyprus within a calendar year, provided they meet the following conditions:

Do not reside in another country for more than 183 days.
Are not a tax resident in any other country.
Have significant ties to Cyprus, such as:
- Employment contracts.
- Director positions in Cyprus-resident companies.
- Ownership or rental of a residential property in Cyprus.

Counting Your Days:

Arrival in Cyprus counts as a day of residency.
Departure from Cyprus is counted as a day of non-residency.
Same-day arrivals and departures count as residency in Cyprus.

The Non-Domiciled Advantage

For those who establish tax residency without prior long-term ties to Cyprus, non-domiciled status offers remarkable tax benefits for up to 17 consecutive years.

Benefits of Non-Domiciled Advantage

Zero Tax on Dividend Income: No tax is levied on dividends, whether from Cyprus or abroad.
Interest Income Exemptions: Passive interest income is entirely tax-free.
50% Tax Deduction for High-Earners: Earn more than €100,000 annually in Cyprus? Enjoy a 50% tax deduction on your remuneration for 10 years.

Tax Exemptions for Cyprus Residents

Securities Exemption: Profits from the sale of securities (e.g., shares, bonds, and debentures) are tax-free, with limited exceptions involving immovable property in Cyprus.
Income Tax Exemption for New Residents: High-income earners relocating to Cyprus benefit from significant tax reductions on employment income derived from Cyprus.
Global Income Protection: Exemptions on worldwide passive income ensure that your assets work for you without unnecessary tax burdens.

How We Can Help

Navigating the requirements and benefits of Cyprus tax residency can be complex, but at PROFECYS LTD, we simplify the process, ensuring you unlock every advantage Cyprus offers.

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Our Expertise Include

Assessing eligibility for the 60-Day and 183-Day residency rules

Assisting with property acquisition or rental to establish residency ties

Advising on tax planning and compliance to ensure a seamless transition

Providing detailed guidance on the non-domiciled status to maximize tax exemptions

Supporting executives, high-net-worth individuals, and businesses relocating to Cyprus

Your Journey to Tax Efficiency Starts Here

We’re committed to helping you achieve your financial and professional goals.

Whether you’re an entrepreneur, executive, or individual investor, we provide tailored advice and comprehensive support to establish Cyprus as your base of operations.

Ready to Explore the Benefits of Cyprus Tax Residency?

Let our tax specialists guide you through every step, from application to optimization.

Contact us today to learn more about Cyprus tax residency advantages and start building your future in one of the most favorable tax jurisdictions in the world!