Tax
Packaged Tax Services
Cyprus Tax Residency Relocation & Non Dom
Become a Cyprus tax resident and access the non-dom regime through a fully managed relocation service.
What's included
- Eligibility check & development of personal relocation strategy.
- Exit from previous tax residency.
- Tax residency and non dom certificates.
- Immigration permit and support with property selection.
- 60-days rule planning.
- Compliance with ongoing personal tax obligations.
Cyprus Company Setup & Business Relocation
Establish a Cyprus company and relocate your business through a tax-efficient corporate structure.
What's included
- Everything in the Cyprus Personal Tax Residency Relocation & Non-Dom service.
- Cyprus company incorporation and tax registration including VAT and bank account.
- Tax efficient remuneration structure.
- Substance implementation (local directors, office & management).
- Corporate and personal compliance with ongoing tax obligations.
Cyprus HoldCo Setup & International Tax Structuring
Establish a Cyprus holding company to reduce international tax leakage, optimise cross-border profit flows.
What's included
- Design and implementation of Cyprus holding company structure.
- Withholding tax optimisation using DTTs and EU Directives.
- Structuring of international businesses and investments.
- Holding company substance implementation.
- Business sale and exit tax planning.
- Ongoing cross-border tax compliance of corporate holding structure.
Why taxcyp for Tax
Through our in-house dedicated team we provide a full range of tax services for corporates and individuals.
With deep knowledge of Cyprus taxation, we help you reap the rewards of one of the most attractive tax regimes in EU and benefit from zero tax on most foreign income, minimal stay requirement, and an extensive network of double tax treaties.
Standalone Services
Tax Planning Assesement
Comprehensive assessment of current tax position, identifying opportunities to optimise tax structure through Cyprus, along with an implementation roadmap.
Tax Residency & Non Dom Certificates
Application for an official certificate from the Cyprus Tax Department confirming Cyprus tax residency and help with obtaining the non-domicile status for individuals seeking exemption from Cyprus Special Defence Contribution on dividends, interest and certain rents.
Tax Rulings
Preparation and submission of requests to the Cyprus Tax Department seeking advance clarification on the tax treatment of a proposed transaction or structure, especially the IP Box regime.
VAT Registration
Registration of a business with the Cyprus VAT register and obtaining a TIN/VAT number.
National Insurance Registration
Registration of a company as an employer with the social and health insurance authorities.
Tax Returns Filings
Preparation and submission of monthly and annual payroll-related obligations, including PAYE, Social Insurance and GeSY reporting where applicable.
Specialist Tax Advise
Tailored solutions to complex tax issues and optimization of the tax position in Cyprus.
Cyprus Tax Benefits
Non Dom Tax Regime
Cyprus tax residents who are not domiciled in Cyprus can benefit from tax exemptions on global income for 17 years.
60-Days Rule
Individuals can become Cyprus tax residents with just 60 days of stay per year in Cyprus.
50% Employment Income Exemption
Individuals commencing first employment in Cyprus benefit from a 50% exemption on employment income.
Notional Interest Deduction
Cyprus companies may claim a tax deduction on qualifying new equity, including retained earnings, reducing taxable profits by up to 80%.
IP Box Regime
Qualifying intellectual property income may benefit from an effective corporate tax rate of approximately 3%.
Foreign Pension Regime
Qualifying foreign pension income may be taxed at a flat rate of 5% after the annual exempt amount.
Business Taxes
| Tax | Rate |
|---|---|
|
Corporate Income |
15%
|
|
VAT
|
3-19%
|
|
National Insurances
|
15.4% (capped at €13,800 per employee)
|
|
Royalty Income
|
3% (related to IP)
|
Personal Taxes
| Tax | Rate |
|---|---|
Dividend Income | 0% |
Interest Income | 0% |
Capital Gains | 0% (except on Cyprus Real Estate) |
Inheritance / Wealth / Gift | 0% |
Rental Income | 0-35% (first €20k tax-free) |
Employment Income | 0-35% (50% exemption for first-time employment) |
Pension Income | 5% (including foreign pension) |
National Insurances | 11.5% (capped at €10,900) |
Cyprus Taxes for Businesses & Non Dom Individuals
Paths to meet the physical
presence requirement
Permanent Residency by Property Investment
Requires minimum investment of €300,000 in Cyprus primary residential or commercial real estate. Typical approval time of up to 6 to 8 months.
Temporary Residency Permit (Pink Slip)
Requires accommodation in Cyprus and sufficient income from abroad. Validity of 1 year with annual renewal. Typical approval time of up to 4 months.
Employement Permit
Available through incorporating own company or through another employer. Initial validity of 3 years with possibility of renewal. Typical approval time of up to 4 months.
Digital Nomad Visa
Available to remote employees or freelancers with minimum income of €3,500/month. Validity for 3 years. Typical approval time of up to 3 months.