Cyprus Tax Residency Programme
Tax benefits applicable to non-domiciled tax residents
Low progressive income tax rates, with the first €19,500 being tax exempt
No income tax on salaried services rendered outside Cyprus for more than 90 days in a tax year
A 50% income tax exemption on income from Cyprus-based employment, provided that income exceeds €100,000 per year
No tax on profits from disposal of securities, including shares, bonds, options and units in collective investment schemes
A low corporate tax rate of 12.5% for Cyprus tax resident companies
No income tax on dividend and interest income
Tax-free repatriation of profits and capital
Overseas pensions income that exceeds €3,420 is taxed at only 5%
No capital gains tax on assets other than immovable property situated in Cyprus
No wealth, inheritance or gift taxes
Why work with Sovereign?
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