πŸ‡¨πŸ‡Ύ Cyprus

Europe
2 residency programs
Non-domiciled taxation
Ayia Napa, Cyprus

Countries / Cyprus

Known for

Fact Sheet

Continent

Europe

Demonym

Cypriot

Calling code

+357

Driving side

Left
Population
1,141,166
Human development index
0.87
Life expectancy
81 years
Unemployment rate
16%
Inflation rate
0.0%
Fertility rate
1.4

Cost of Life

Cost of Living Index
57.93
Rent Index
20.54
Groceries Index
44.21
Restaurant Price Index
63.11
Local Purchasing Power Index
57.41

Residency Programs (2)

Taxation overview

Tax system

Non-domiciled taxation

Countries with a non-domiciled (or "Non-Dom") taxation system apply different taxation rules whether you are domiciled or non-domiciled resident:

  • If domiciled resident, you pay income tax on your worldwide revenues (similar to residence-based taxation).
  • If non-domiciled resident, you only pay income tax on your local revenues (similar to territorial taxation)

The definition of domiciled vs non-domiciled is specific to each country. The general approach is that your domicile is the country you are born in and your parents have lived in.

Tax Treaties (6)

Cyprus has concluded 6 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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