Taxes

What is the Non-Dom Status? And why is it so popular? The Cyprus Government introduced the Non-Domiciled, or ‘Non-Dom’ status to make Cyprus more attractive to foreign investors, by granting them significant tax benefits. Individuals who become Cyprus Tax Residents (either under the 183-Day or the 60-Day Rule) and moved their tax residency to Cyprus

How does one become a Cyprus tax resident? An individual who spends 183 or more days in Cyprus during any given tax (i.e. calendar) year is considered a Cyprus Tax Resident. This is often referred to as the ‘183-day’ rule. As an exception to this rule, the ‘60-day’ rule provides that an individual is considered

According to Cyprus Tax Law, an individual who spends 183 or more days in Cyprus during any given tax year is considered to be a Cyprus Tax Resident. Personal Tax Residency may also be established under the 60-Day Rule. Individuals who are Tax Residents of Cyprus may benefit of an exemption from Personal Income Tax

The Cyprus Government has recently introduced further tax incentives for employees moving to Cyprus for work and in particular for Employees of Foreign Interest Companies which choose Cyprus as their Headquartering base. These incentives have been introduced in addition to the simplification of Immigration procedures and the introduction of new Visa Schemes, such as the

When starting a business, many entrepreneurs overlook an important early step: Registering their trademark. This can protect them in a lawsuit, provide constructive notice of their ownership, and create a brand that stands out. An increasing number of people decides to start their own business. If you belong in this category of individuals, you need