ABOUT CYPRUSBecome a Cyprus tax resident in 60 days!
The Cyprus House of Representatives has recently passed a new bill amending the legislation on Income Tax, giving the opportunity to individuals who spend more than 60 days in a year in Cyprus, to acquire Cyprus tax residency.
To qualify for Cyprus Tax Residency, individuals need to meet the following conditions:
The Cyprus House of Representatives has recently passed a new bill amending the legislation on Income Tax, giving the opportunity to individuals who spend more than 60 days in a year in Cyprus, to acquire Cyprus tax residency.
To qualify for Cyprus Tax Residency, individuals need to meet the following conditions:
ABOUT CYPRUS60 days
Spend at least 60 days during the tax (calendar) year in Cyprus
ABOUT CYPRUSResidence
Maintain a permanent residence in Cyprus (owned or rented)
ABOUT CYPRUSTax Resident
Not be a tax resident of any other country or remain in any other country for more than 183 days during the tax year
ABOUT CYPRUSBusiness
Exercise business in Cyprus or have employment in Cyprus or be a director in a company resident in Cyprus at any time during the tax year.
Cyprus Tax Residents are taxed on their worldwide income based on Tax Rates % for each Tax Base €
Individuals who are tax residents of Cyprus but are not domiciled in Cyprus enjoy certain exemptions, such as exemption from Special Defense Contribution (SDC) which is imposed on dividends, interest and rental income.
Tax exemption of 50% also applies for income exceeding €100,000 per annum, and is applicable for 10 years.
To estimate the number of days spent in Cyprus, the below are calculated:
0123456789001234567890The day of departure from Cyprus is considered as a day outside Cyprus
0123456789001234567890The day of arrival in Cyprusis considered as a day in Cyprus
0123456789001234567890Arrival in Cyprus and departure from Cypruswithin the same day is counted as one day in Cyprus
0123456789001234567890Departure from Cyprus and return to Cypruswithin the same day is counted as one day outside Cyprus
Contact us for more details
Contact us for more details
Limassol Center Office 12-13, 7 Griva Digeni, 3106 Limassol - Cyprus
info@efeto-properties.com
(EN-EL) +357-99-933-230
(RU) +357-99-933-202
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Efeto Properties Ltd is a property development company established in Limassol, Cyprus.
The company’s vision from the start was to create buildings of great architectural value, using high-end modern materials.
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