3 Questions about Cyprus Non Domicile Tax Residency
Authored by Andrea Villegas
Table of Contents:
- What is the Cyprus non-domicile regime?
- How much is Cyprus corporate Tax?
- Can I be a tax resident in Cyprus if I am employed by a foreign company?
Cyprus has the most attractive tax regime in the European Union, and, thus, many expats and digital nomads have started to take it into consideration as an option to optimize their tax residency and expenses.
These 3 questions about Cyprus Non-Domicile Tax Residency come from the video session hosted by Jowita, a verified tax expert for Cyprus, and Danish, visadb’s CEO.
What is the Cyprus non-domicile regime?
You are non-domiciled if you have been living in Cyprus not more than 17 years and if you spend 60 days per year in the country. For this period of time, you are exempt from tax on dividends, and 2.65% on any profits of the dividends from your company if it is also registered in Cyprus.
How much is Cyprus corporate Tax?
Cyprus corporate tax is 12.5%. There are some exemptions, for example, if you are an IT specialist, you can apply for an IP Box, and the corporate tax might even go down to 2.5%.
Can I be a tax resident in Cyprus if I am employed by a foreign company?
Yes, but as it is a world-income system, you would pay taxes as a normal resident. However, if you do not gain more than 19,000 EUR from the employment you are exempt from paying taxes.
Feel free to watch the complete session about Cyprus Non Domicile Tax Residency below.
AI Bookkeeping for Small Businesses [Complete Guide 2024]
This guide explains how AI helps small businesses manage and optimize bookkeeping, the benefits, the disadvantages of traditional bookkeeping and AI tools.
Paraguay Tax Residency Complete Guide 2024
How to get Paraguay tax residency, temporary and permanent residence in Paraguay in 2024 as a digital nomad or expat, a complete fiscal and immigration guide.
What is a Tax Residency and Why it is Important
We explore what is a Tax Residency and Why it is Important for digital nomads, expats, and remote entrepreneurs to have one.
5 Key Facts About Paraguay Tax Residency
Here are 5 Key Facts About Paraguay Tax Residency and how digital nomads and remote entrepreneurs can benefit from this tax set up.