The Cyprus Non-Domicile regime is one of the most attractive tax residency programs in Europe, providing significant tax advantages for individuals relocating to Cyprus. It is particularly beneficial for investors, high-net-worth individuals, and professionals with passive income streams.
Individuals who qualify as non-domiciled in Cyprus are exempt from the Special Defence Contribution (SDC) on dividends, interest, and rental income. This means that income from abroad can be received in Cyprus completely tax-free under specific conditions.
The non-dom status applies for 17 consecutive years from the date an individual becomes a Cyprus tax resident. During this period, the individual continues to enjoy SDC exemptions regardless of changes in income levels.
Cyprus offers a unique 60-day residency rule for tax purposes. An individual who spends just 60 days in Cyprus per year, and meets other conditions such as having a permanent residence and not being tax resident elsewhere, can qualify for Cyprus tax residency.
Cyprus does not impose any wealth, gift, or inheritance taxes, enhancing its appeal for succession and estate planning.
At Exectus, we advise and structure your relocation plan, tax residency acquisition, and annual compliance to ensure full optimisation of the Non-Dom regime.
