These are the questions I hear every week from people exploring a move to Cyprus. The full answer always depends on your specific situation, but here are the essentials.
How long do I need to spend in Cyprus to be a tax resident?
As few as 60 days per year under the Cyprus 60-day rule, provided you meet the required conditions including maintaining a Cyprus address and a business or employment connection here. The standard route requires 183 days of physical presence. Which route applies depends on your setup.
What does non-dom status give me?
Non-dom status exempts you from the Special Defence Contribution on dividends and interest income. The rate is 0% on any amount from any worldwide source. It applies for up to 17 years from when you first become a Cyprus tax resident. You simply need to qualify as a Cyprus tax resident and not have been one in the previous 10 years.
Does Cyprus tax capital gains on shares?
No. Cyprus does not tax gains on the sale of shares, equity funds, or other securities. The only exception is gains from the sale of immovable property in Cyprus, which are subject to capital gains tax. Foreign property, shares, and crypto are all outside that charge.
What about my UK tax ties?
UK residency exit is a separate question governed by the UK Statutory Residence Test and is entirely independent of Cyprus residency. Getting Cyprus right is one half of the structure. Exiting the UK correctly is the other. We work with UK-side advisers on the combined picture.
These answers cover the general framework. What applies to you depends on your income sources, existing obligations, and how your time is structured. A strategy call covers your specific questions directly.
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