Cyprus
Fast-track EU permanent residence in just 2 months. €300K investment with no minimum stay and full Schengen access.
Country details
- Capital
- Nicosia
- Language
- GreekTurkish
- Currency
- Euro (EUR)
- Population
- 1.2M
- Timezone
- UTC+2
- Immigration Authority
- Official Website
Migration pathways
EU/EEA/Swiss Citizens
Residency Visas
Other Pathways
Tax situation
Default Rates
- Eligibility
- Any resident
- Duration
- Indefinite
- Income Tax
- 0-35%
- Foreign Income
- Taxed
- Capital Gains
- 20%
- Dividends
- 0-5% SDC
- Wealth Tax
- None
- Inheritance Tax
- None
IP Box Regime
- Eligibility
- Residency
- Duration
- Indefinite
- Income Tax
- N/A
- Foreign Income
- Partially exempt
- Capital Gains
- 0%
- Dividends
- N/A
- Wealth Tax
- None
- Inheritance Tax
- None
Non-Dom Regime
- Eligibility
- Residency
- Duration
- 17 years
- Income Tax
- 0-35%
- Foreign Income
- Exempt
- Capital Gains
- 0%
- Dividends
- 0%
- Wealth Tax
- None
- Inheritance Tax
- None
| Tax Type | Default | IP Box Regime | Non-Dom Regime |
|---|---|---|---|
| Eligibility | Any resident | Residency | Residency |
| Duration | Indefinite | Indefinite | 17 years |
| Income Tax | 0-35% | N/A | 0-35% |
| Foreign Income | Taxed | Partially exempt | Exempt |
| Capital Gains | 20% | 0% | 0% |
| Dividends | 0-5% SDC | N/A | 0% |
| Wealth Tax | None | None | None |
| Inheritance Tax | None | None | None |
| Learn more | Learn more |
Country details
Cyprus offers EU membership, English-speaking environment, and a Non-Domicile regime that provides a 17-year exemption from Special Defence Contribution on dividends, interest, and rental income. For international business structuring and HNWI residence, the island combines favorable taxation with common law legal traditions.
Personal income tax reaches a maximum of 35%. There is no inheritance tax, no wealth tax, and highly favorable treatment of foreign pension income (5% flat tax). Capital gains tax only applies to Cyprus immovable property sales. The 12.5% corporate tax rate is among the EU's lowest, supported by an extensive double tax treaty network.
The Permanent Residence Permit requires real estate investment of at least EUR 300K in new property from a developer. The permit is granted within 2 months and provides the right to reside indefinitely with full Schengen mobility. The permit does not grant work rights but allows unlimited entry and stay.
Cyprus's former citizenship by investment program was terminated in November 2020 following passport scandals. Standard naturalization now requires 7 years of residence (5 if married to a Cypriot).
The island's strategic location, EU membership, and sophisticated professional services sector continue to attract international business despite increased regulatory scrutiny.
Interested in Cyprus?
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Schedule consultationPersonal income tax rates
PwC Tax Summaries - Cyprus Individual Taxes on Personal Income·Last checked: 12/01/26
Personal income tax rates (government)
Cyprus Tax Department - Income Tax·Last checked: 12/01/26
Capital gains tax (20% rate, immovable property scope)
Cyprus Ministry of Finance - Tax Department, Capital Gains Tax·Last checked: 14/01/26
Capital gains tax
Cyprus Tax Department - Capital Gains·Last checked: 12/01/26
Dividend taxation (Special Defence Contribution)
Cyprus Tax Department - Special Defence Contribution·Last checked: 12/01/26
Wealth tax
PwC Tax Summaries - Cyprus Individual Other Taxes·Last checked: 12/01/26
Inheritance/estate tax
Cyprus Tax Department - Deceased Person's Estate Tax·Last checked: 12/01/26
Foreign income treatment (Non-domicile regime)
Cyprus Tax Department - Individuals·Last checked: 12/01/26
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