Cyprus Tax Residency.

Cyprus Tax Residency.

Typically your tax residency is where you stay more than 183 days per year. This is also true in Cyprus. But now the government introduced a new rule: The 60 Day Rule. It is meant for the people who want to establish a Cyprus tax residency but have problems showing...
Emigrating to paradise.

Emigrating to paradise.

In the summer of 2015 the Cypriot Parliament passed a law which makes Cyprus much more attractive as a country of immigration for wealthy foreigners. The Act introduces, alongside the concept of “Residence”, the concept of “Domicile”. This distinction is not known in...
Cyprus Tax.

Cyprus Tax.

A Limited Company pays a Corporate Tax in Cyprus, i.e., corporate income tax of 12.5% of its profit. There is no other Cyprus tax on a Limited Company’s profit. Notional Interest Deduction Since May 2015, an additional exemption applies: a tax credit for virtual...