Cyprus has introduced the concept of Non-Domiciled individuals for tax purposes. The primary objective of the Non-Domicile concept is to set Cyprus as the ultimate choice of destination for both EU and non-EU persons wishing to move their personal tax residency in Cyprus.
Foreign individuals who wish to move their personal tax residency in Cyprus, will be considered as non-domiciled in Cyprus for a maximum of 17 years. For tax purposes, non-domicile persons who become Cyprus tax residents will now be completely exempt from Special Defence Contribution tax ("SDC") on dividends and interest.
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