A new bill was voted into Law last Friday 14th of July 2017 amending the Income Tax Law allowing an individual to acquire Cyprus tax residency by staying only 60 days in Cyprus. The preconditions. All of the following criteria must be met by an applicant: stay in Cyprus for at least 60 days during the tax (calendar) […]
How can I achieve Cyprus tax resident, non-domiciled status?
In our last article “Should I become a Cyprus tax resident, non-domiciled?” we explained the advantages, especially those related to tax benefits, for those foreign individuals that consider to become Cyprus tax resident. In this article we go through the evidence that will need to be available in order to present to the tax authorities […]
Should I become a Cyprus tax resident, non-domiciled?
The introduction of the non-domiciled (non-dom) tax resident status in the Cyprus tax system in 2015 paved the way for tremendous opportunities to businessmen that want to achieve optimum tax planning and savings. The change affects physical persons that consider to use Cyprus as their tax seat and gain from the favourable tax regime both […]