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Tax

Tax Incentives for Individuals & Businesses

Individuals

Non-Dom Regime

Qualifying residents can receive global dividend and interest income free from Cyprus tax. There is also no inheritance or wealth tax, while most capital gains are tax-exempt.

60-day Rule

Cyprus personal tax residency with as little as 60 days of non-consecutive physical presence per year.

50% Employment Income Exemption

50% income tax exemption for up to 17 years for qualifying individuals taking up first-time employment in Cyprus.

Businesses

Corporate Tax Rate

15% corporate income tax rate, with Notional Interest Deduction on qualifying new equity potentially reducing the effective tax burden.

Holding Companies

Qualifying dividends received in Cyprus are corporate tax-exempt, with reduced withholding tax at source under applicable tax treaties and EU directives. Outbound dividends from Cyprus are free from withholding tax, subject to specific exceptions.

IP Box Regime

80% exemption on qualifying intellectual property profits, including income from copyrighted software with licensing and SaaS models, resulting in an effective tax rate as low as 3%.

Tax Relocation Packages

Personal Tax Residency Relocation

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Personal tax residency in Cyprus and access to the non-dom regime through the 60-days rule.

  • bullet Residency Permit.
  • bullet Tax residency and non-dom certificates.
  • bullet Company formation required for the 60-days rule.
  • bullet Ongoing accounting and audit compliance.

Business Setup & Personal Tax Relocation

Person holding a company through an arrowA rounded square with transparent orange fill and orange border, showing a slim person icon on the left, an arrow pointing right, and a simple building icon on the right, representing corporate ownership structure

Establishment or relocation of businesses and personal tax residency to Cyprus.

  • bullet Tax Memo
  • bullet Company formation and all required registrations to operate and employ staff.
  • bullet Corporate bank account.
  • bullet Substance implementation.
  • bullet Tax residency and non-dom certificates
  • bullet Ongoing accounting and audit compliance.

Cyprus HoldCo Setup & Personal Tax Relocation

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Establishment and structuring of investments through a Cyprus holding company and relocation of personal tax residency to Cyprus

  • bullet Tax Memo.
  • bullet Company Formation.
  • bullet Corporate bank account.
  • bullet Holding company substance implementation.
  • bullet Tax residency and non-dom certificates.
  • bullet Ongoing accounting and audit compliance.​

Why taxcyp for Tax

Through our in-house team combining lawyers, tax experts, and accountants, we provide a full range of tax services for corporates and individuals beyond theoretical suggestions to complete implementation of structures. 

Services

Comprehensive assessment of current tax position, identifying opportunities to optimise tax structure through Cyprus, along with an implementation roadmap.

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.

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.

Registration of a business with the Cyprus VAT register and obtaining a TIN/VAT number.

Registration of a company as an employer with the social and health insurance authorities.

Preparation and submission of monthly and annual payroll-related obligations, including PAYE, Social Insurance and GeSY reporting where applicable.

Tailored solutions to complex tax issues and optimization of the tax position in Cyprus.

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