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Cyprus Non-Dom Tax Status: What You Need to Know
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Expats and Digital Nomads
Obtaining Cyprus Non-Dom Tax Status in 4 steps Save Taxes on Personal Income for 17 years
You might be wondering
What is Cyprus Non-Dom tax status, and how does it benefit you?
The concept of ‘Non-Domiciled,’ commonly referred to as ‘Non-Dom,’ was first introduced in Cyprus in 2015 by the Special Defence Contribution (SDC) Law. In essence, any non-Cypriot qualifying for a tax residency will automatically be granted with the Non-Dom status. The concept is attractive for companies as well as individuals that are location-independent, investors, international high-earning employees, remote freelancers and artists, as well as high net worth individuals.
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
Cyprus Non-Dom Tax Status
What are the
Benefits of Non-Dom Tax Status in Cyprus
Non-Dom tax residents are fully exempt from SDC tax. This means that:
Dividend income received from local or foreign sources
Income tax: 0%
SDC tax: 0%
GESY Contribution: 2.65%
Interest income received from local or foreign sources
Income tax: 0%
SDC tax: 0%
GESY Contribution: 2.65%
Rental income received from local or foreign properties
Income tax:
Up to €19,500 → 0%
€19,500 to €28,000 → 20%
€28,000 to €36,300 → 25%
€36,300 to €60,000 → 30%
Over €60,000 → 35%
Up to €19,500 → 0%
€19,500 to €28,000 → 20%
€28,000 to €36,300 → 25%
€36,300 to €60,000 → 30%
Over €60,000 → 35%
SDC tax: 0%
GESY Contribution: 2.65%
| Source | Income Tax | SDC Tax | GESY Contribution |
|---|---|---|---|
| Dividend income received from local or foreign sources | 0% | 0% | 2.65% |
| Interest income received from local or foreign sources | 0% | 0% | 2.65% |
| Rental income received from local or foreign properties | Up to €19,500 → 0% €19,500 to €28,000 → 20% €28,000 to €36,300 → 25% €36,300 to €60,000 → 30% Over €60,000 → 35% | 0% | 2.65% |
What other benefits is a Non-Dom eligible of?
- 12.5% corporate tax on corporate trading profits.
- Income from the sale of shares, bonds, debentures and other financial instruments is tax exempt (subject only to GESY contributions at 2.65%).
- Lump sum repayments from life insurance schemes or from approved provident funds are tax exempt.
- Pensions income from abroad is taxed at the flat rate of 5% for amounts in excess of €3,420.
- Income from salaried services rendered abroad for more than 90 days in a tax year to a non-Cyprus resident employer is tax exempt.
50% exemption for 17 years for employment income earned in Cyprus by individuals earn over €55,000 annually and who were resident abroad for the last 12 years.
- No capital gains tax on income from the sale of immovable property abroad.
- No withholding tax on the repatriation of income.
- No inheritance tax
- No wealth tax
- No gift taxation.
- Low social insurance contributions
- Double tax treaties with more than 65 countries.
- High quality healthcare.
- Strategic geopolitical location
- Social security and low criminality
Cyprus Non-Dom Tax Status
What is the process?
With DBO Invest, you can get your Non-Dom tax residency in 4 simple steps. We help with all the paperwork.
Submit your information & documents
Step 1
Sign all the needed paperwork
Step 2
Spend 60 or 183 days in Cyprus
Step 3
Become a Cyprus Non-Dom Tax Resident
Step 4
Our Non-Dom Packages
Set Up Your Non-Dom Status in Cyprus
No hidden fees. Straight-forward pricing.
Obtain Non-Dom Status
We will assist you through what’s needed to obtain your Non-Dom status.
Includes:
- Eligibility consultation call
- Documents audit
- Paperwork and legal preparation
- Duty stamps
- Submitting the documents
- Following up your Non-Dom case
- Obtaining your Non-Dom status
Find out more
About Us
Duartebrandao Investments Ltd
We are a privately owned Cyprus based company, offering a range of consulting services for individuals and companies.
Through our long-time collaborations and an extensive network of partners, we proud ourselves for competently and effectively assisting on all matters related to any investment and in any industry our customers require. We always work professionally and handle all cases with due care and diligence, using all our internal and external resources and our team’s immense and diverse level of experience and professionalism to fulfill our customer’s requests.
Emphasis is always given to our client’s needs and requirements, and they are still our priority. Our consulting services cover the whole spectrum of consultation, with our team being ever-ready to share their knowledge and know-how with our clients to assist them to reach their goals and targets.
Why choose Cyprus
Expats and Digital Nomads
Being the third largest island in the Mediterranean with a population of just over a million, Cyprus boasts a powerful history which can be traced back to over 11,000 years.
Cyprus obtained its independent republic status in 1960, became a member of the European Union in 2004, and joined the Eurozone in 2008, introducing the Euro as its national currency.
Its strategic geographical location, blending harmoniously together with a number of other benefits of the island, has always assisted Cyprus in attracting tourists, expats, professionals and investors from all over the world. The island enjoys, among others, a pleasant tropical climate, a healthy economy, attractive tax exemptions, high standards of living, an efficient legal system, a large talent acquisition pool, an abundance of entertainment opportunities, superior infrastructure and advanced healthcare and education.
Ready to save on your personal taxes?
Get more information about Cyprus Non-Dom tax status
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