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🇨🇾 Cyprus

One of the easiest ways for EU nationals to lower taxes and multiple ways of obtaining residency permit for non-EU nationals

12.5% corporate tax rate, one of the lowest in the EU

No tax on dividends and interest for non-doms

Golden Visa program: residency through investment

Digital Nomad visa for remote workers

300+ days of sunshine per year

CHOOSE THE BEST RESIDENCY PROGRAM FOR YOU

Visa and residence permit options

active business visa

BUSINESS FORMATION OPTIONS

Corporate Entities in Cyprus

Compare the different types of business entities available for incorporation in Cyprus.

Corporation

Cyprus LTD

Corporate Tax Rate

12.5%

Effective Tax Rate

12.5%

Tax Regime

Residence-Based Taxation

Low Corporate Tax

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Cyprus Citizenship and Naturalization

Grade:

B+

Global Rank: 50

Dual Citizenship:Yes

Visa-free Access

150 out of 195 countries

Access to Major Destinations

European Union
United Kingdom
Canada
United States
China
Russia
Japan

Category	Details
Citizenship by Descent	Ancestry Eligibility: Parents, Grandparents. Requirements: Proof of ancestry, such as birth certificates or official family records.
Naturalizations	Minimum Residency: 7 years Physical Presence: At least 6 months per year. Language Test: No language test Renounce Original Citizenship: No Minor Dependants: Yes
Spouse Naturalization	Living in Country: 5 years of marriage and 2 years of residency. Proof of cohabitation, marriage duration, and shared household documents required. Living Abroad: 7 years of marriage. Regular visits to Cyprus and evidence of continuous relationship with Cypriot spouse required. Language Test: No language test required for spouses. Renounce Citizenship: No
Birthright Citizenship	Description: A child born to at least one Cypriot parent is eligible for citizenship. Conditions: Parent must be a Cypriot citizen at the time of the child's birth. Birth must be registered with Cypriot authorities.
Economic Citizenship (Investment)	Allowed: No Investment Requirements: Cyprus citizenship program has been abolished. Restrictions:
Other Provisions	Child is Citizen: Parents can apply for residency if their child is a Cypriot citizen, with streamlined processing. Specific Nationalities Benefits: EU nationals have simplified procedures for naturalization.
Citizenship by Exception	Allowed: Yes Details: Exceptional contributions to the country, such as economic investments or humanitarian achievements.

Taxation Overview

Personal Tax Overview: Cyprus 🇨🇾

Key information about personal taxation in Cyprus

Taxation system

Residence based

Personal Income Tax Rate (Up to)

Tax Residency

Normal rule: 183 days

Special rule: 60 days (60 day rule)

Special Tax Regime

Non-Domiciled (Non-Dom) Regime

Cyprus offers a Non-Domiciled (Non-Dom) Regime. Individuals with Non-Domicile status are exempt from the Special Defence Contribution (SDC) tax on dividends, interest, and rental income, given they meet the criteria of non-domicile.

From (EUR)	To (EUR)	Tax Rate
0.01	8,952.49	1.92%
8,952.5	75,984.55	6.4%
75,984.56	133,536.07	10.88%
133,536.08	155,229.8	16%
155,229.81	185,852.57	17.92%
185,852.58	374,837.88	21.36%
374,837.89	590,795.99	23.52%
590,796	1,127,926.84	30%
1,127,926.85	1,503,902.46	32%
1,503,902.47	4,511,707.37	34%
4,511,707.38	and above	35%

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