Non-dom Status and Taxes

Foreign citizens who open a Limited company in Cyprus can benefit from low tax rates by obtaining Non-Dom status.

In fact, Cyprus is very business-friendly and, with its Non-Dom status, encourages small businesses, freelancers and medium-sized companies in particular to relocate to Cyprus and benefit from its tax system.

What is the Non-Dom Status?

The Non-Dom status is an official government status that can be obtained for individual foreign citizens in Cyprus and allows the individual holder of the status to benefit from 0% tax on dividends for the next 17 years.

In addition to the 12.5% tax on the company revenues of your Limited, social insurance contributions are payable, which cover your health insurance which is called “GESY”.

We are happy to provide detailed answers to your questions regarding the calculations and how we put them together.

How do I have to do to get the Yellow Slip?

To get the Non-Dom status, you have to fulfill the following criteria:

• Having obtained the Yellow Slip (see section “How to immigrate to Cyprus”)
• You can prove that you live in Cyprus for more than 4 months. Here a property (rental or purchase) is absolutely necessary, which generates the electricity bills and the water bills as proof.
• Your personal tax certificate accompanied by the social insurance payments (your Limited must have existed for more than 2 months).
• Neither of your parents must have Cypriot citizenship.
• Your birth certificate as a copy.

How do I maintain the Non-Dom Status?

• In order to maintain it, you must consistently prove that you live in Cyprus.
• In addition, you must be able to prove that you spend at least 60 days per calendar year in Cyprus each year.
• To avoid double taxation, you must comply with length of stay rules and tax regulations specified by your home country and other European countries.

We are happy to explain to you in a personal conversation what you need to look out for here and how the evidence is provided.

Emigration involves more than just tax advantages. We can support you not only with bureaucratic immigration but also with our knowledge. There is much to consider in your home country to avoid unpleasant surprises, as emigration starts there.

We are happy to hear from you.

Booklets

• Non-Domicile

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