Question 1

How much can I save with Cyprus non-dom status?

Accepted Answer

Cyprus non-domiciled (non-dom) status exempts you from Special Defence Contribution on dividends, interest, and rental income for 17 years. Combined with the 12.5% corporate tax rate and zero withholding tax on dividends, non-dom holders with investment or business income can save significantly compared to most EU countries. The exact amount depends on your income structure.

Question 2

Can I really become tax resident with the 60-day rule?

Accepted Answer

Yes. The 60-day rule lets you become a Cyprus tax resident by spending just 60 days per year in Cyprus, provided you do not spend more than 183 days in any other single country, are not tax resident elsewhere, and have Cyprus ties such as a company directorship or employment. You must also maintain a permanent home in Cyprus, owned or rented.

Question 3

What do expats love most about living in Cyprus?

Accepted Answer

Expats consistently highlight the 340 days of sunshine, low crime rate, English being widely spoken, affordable healthcare via GESY, and the relaxed Mediterranean pace of life. The international community in Limassol and Paphos is large and welcoming. Tax advantages, especially non-dom status, are frequently cited as a major draw for entrepreneurs and remote workers.

Question 4

Best areas in Cyprus for expat families

Accepted Answer

Limassol is the most popular for international families due to its large expat community, international schools, and coastal lifestyle, though rents are the highest on the island. Paphos offers a more relaxed pace with lower costs. Nicosia is the most affordable and has good local schools. Larnaca is growing in popularity with new developments and a quieter lifestyle.

קפריסין דרך עיניהם של מי שחיים כאן