Your Cyprus Partner
Cyprus Tax Residency Service
Nom-Dom Status
With a strategic geographical location in the middle of three continents, namely Asia, Europe and Africa, Cyprus is the third largest island in the Mediterranean and the entrance to the Middle East. Also the Cyprus is a very attractive place to establish the residency, mainly the applicants will have access to tax exemptions and many other advantages apply for individuals relocating under the “60 days rule” or the “183 days rule”.
183 days rule
In Cyprus, an individual is considered a tax resident if they spend more than 183 days in total within a tax year (January 1st to December 31st) will constitute tax residency for individuals and will be taxed in accordance with the provisions of the Cyprus Tax Laws.
60 days rule
In 2017, the Cyprus Parliament voted for a Cyprus tax law amendment adding a second test, the “60-day rule” for the purpose of determining Cyprus tax residency for individuals.
The 60-day rule concerns individuals who do not fulfill the tax residency requirements in any country, meaning that they don not stay in any other country, for one or more periods exceeding in aggregate. The following conditions are met:
· In the tax year, the individual stays in Cyprus for at least 60 days.
· Exercises a business and/or is employed in Cyprus tax resident company at any time during the tax year.
· Maintains (by owning or rental) a permanent home in Cyprus.
Privileges in Cyprus
· High quality of life and low criminal rates.
· Over 300 days of sunshine and Mediterranean lifestyle.
· VAST Tax advantages offered by the Non-Dom regime.
· EU Country.
· Health Insurance and social security system.
Concierge Service
More and more, our clients choose to settle and establish their residences in Cyprus. Not only moving their companies to Cyprus, but also establishing their family life in Cyprus. Our office offers a Concierge Service that will help with everything our clients and their families need to establish the most important part of our client’s lives, their personal lives.
We can help you choose your children’s schools and more mundane tasks, find the service for your home, buy a car, personal secretary, find rental housing and later the dream home. Process all the documentation and become your best adviser and consultant during these first months that can be very stressful. We can assist you with various tasks and make your transition smoother:
1. Relocation Assistance: we can assist you with the logistics of moving to a new country. Besides the immigration procedures and VISA requirements, that it can be arranged by our lawyers. Dedalos can assist you finding accommodation, arranging transportation, and handling the logistics of shipping your belongings.
2. Local Information and orientation: we will provide you with all the information an orientation to the local area, such as amenities, information about your neighborhood, local customs or cultural nuances.
3. Language support.
4. Administrative Assistance: we understand that navigating bureaucratic processes in Cyprus can be challenging. Dedalos Concierge team might help you with the mundane tasks such as validating your driver’s license, registering with the local authorities, and handling paperwork related to healthcare, insurance, and utilities.
5. Lifestyle and Personal Services: we are able to connect with the local service providers such as cleaners, gardener or personal trainers or assist you finding the suitable schools for your children.
6. HR Assistance: through our network of contacts, we will able to provide you with the employee that you need.
