Cyprus Non-Domiciled Tax Residency

The opportunity to move to Cyprus has become increasingly attractive, owing to its reputation as one of the most accommodating European countries for international residents. Cyprus presents a range of personal tax incentives that can be appealing to affluent individuals looking to optimise their income tax, as well as to multinational companies aiming to relocate business and employees to Cyprus.
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The opportunity to move to Cyprus has become increasingly attractive, owing to its reputation as one of the most accommodating European countries for international residents. Cyprus presents a range of personal tax incentives that can be appealing to affluent individuals looking to optimise their income tax, as well as to multinational companies aiming to relocate business and employees to Cyprus.

Cyprus Investment Benefits

TAX RESIDENCE
TAX RESIDENCE WITH 60 DAYS RULE
NON-DOM STATUS FOR 17 YEARS
LIFTING OF BANKING RESTRICTIONS
FOR CITIZENS WITH EUROPEAN PERMANENT RESIDENCE. ACCOUNTS OPENING IN EUROPEAN / CYPRUS BANKS
HIGH RENTAL INCOME AND RETURN ON INVESTMENT
ASSETS WITH A RESILIENT REAL ESTATE MARKET IN HIGH DEMAND
FAVORABLE TAX REGIME
NO TAX ON OTHER COUNTRY INCOME.
PROTECTION OF ANY ASSETS AND OPTIMIZATION OF TAXES
VIA CYPRUS HOLDING, CYPRUS TRUST AND AIF
HIGH LEVEL OF HEALTH CARE AND EDUCATION
TOP LEVEL OF MEDICINE WITH HIGHLY QUALIFIED SPECIALISTS AND HIGH EDUCATIONAL STANDARDS WITH THE IMPLEMENTATION OF BRITISH SYSTEMS OF EDUCATION
SAFETY AND STABILITY
Second home in EU MEMBER STATE
LIFE IN THE MEDITERRANEAN
MILD CLIMATE, BEAUTIFUL BEACHES AND 320 SUNNY DAYS A YEAR.
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Taxation In Cyprus

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ON THE WORLDWIDE DIVIDEND INCOME
ON THE INTEREST INCOME
ON GAINS FROM DISPOSAL OF INVESTMENTS (SHARES, BONDS etc)
ON GAINS ON SALES OF OVERSEAS REAL ESTATE
ON WEALTH, GIFT, INHERITANCE
The foreign individual is considered as non-domiciled for a period of 17 years after becoming a tax resident in Cyprus.

TAX RESIDENCY REQUIREMENTS

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Spend in Cyprus at least 60 days during the tax year
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Do not reside in any other state more than 183 days
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Do not be considered as a tax resident in any other state
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Maintain a permanent home in Cyprus
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Carry out business in Cyprus or be employed or hold an office
An individual who spends more than 183 days in Cyprus is considered as a tax resident without all of the criteria stated above.

One Stop Shop For Obtaining TAX Residency In Cyprus

FULL SET OF SERVICES
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Legal services and qualified support for the property purchase/rent
Tax assistance and documents submission to the Tax Department. Non-Domicile status obtaining
 
Search and registration of the real estate
CONVEYANCING OF IMMOVABLE PROPERTIES
Full representation of the customer at the Land Registry Office and the Tax Department:
Full enhanced due diligence
Liaising with all parties involved for a smooth process of the transaction
Following the execution of the Contract of Sale, attending the Tax Department and proceeding with the settlement of the relevant stamp duties
Once the executed Contract of Sale bears the relevant stamps, to attend the Land Registry Department and deposit the Contract of Sale as per the provisions of the Specific Performance Law
Submission of the application for the reduced VAT rate, if applicable
Submission of the application to the Council of Ministers/District Office, if applicable
RESIDENCE PERMIT APPLICATIONS
Preparation and submission of residence permit applications (Fast Track or Residence Permit)
TAXATION ADVICE AND TAX-REGISTRATION
Obtaining Tax Identification Number
Taxisnet registration
Preparation and submission of tax return
Advising on a wide range of taxation matters depending on your individual case
INCORPORATION OF A CYPRUS COMPANY
Assistance on establishing and administrating companies in Cyprus
PRIVATE CLIENT MATTERS
Assistance on banking matters and estate planning affairs

Cyprus Permanent Residence Program

Cyprus has established all the necessary prerequisites to facilitate the obtaining of residence permits through its PRP (Permanent Residence Programme).
currency
€300 000
INVESTMENT AMOUNT
IN PROPERTY (excl. VAT)
currency
€ 50 000
MINIMUM ANNUAL INCOME+
€ 15,000 FOR THE SPOUSE
€ 10,000 FOR EACH DEPENDANT CHILD
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2 MONTHS TO OBTAIN PERMANENT
RESIDENCY PERMIT
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PROOF OF LEGAL SOURCE
OF INCOME
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CLEAN CRIMINAL RECORD
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Eligible together with main applicant
Spouse
Unmarried dependents under 25
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Selected Properties

Our Properties for permanent residence

Greenwood at Platres
appartment
Price
€610,000
Area
165,5 м²
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YOO Limassol
appartment
Price
€805,000
Area
161 м²
More details
Pissouri Forest Park
appartment
Price
€348,000
Area
116 м²
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Majestic Villas
appartment
Price
€4,250,000
Area
883 м²
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Why Choose us

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Property Gallery Developers & Constructors Ltd is a prominent developer in Cyprus, renowned for offering an extensive range of residential and commercial properties located in highly desirable areas of the island.

With 22 years of experience in the Cyprus real estate market, Property Gallery has established an outstanding business reputation, earning recognition and numerous accolades from the professional community, including membership in the Cyprus Developers Association and the Chamber of Commerce and Industry, as well as 50 International Property Awards.

50
International Property Awards
22+
Years of Development Experience
75+
Development Projects In Cyprus
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Projects New
Would You Like To Discuss Your Requirements?
Contact Us
+357 25-73-1111
Or leave a request and our specialist will contact you to discuss the project
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