TAX RESIDENCY

Cyprus Non-Dom Status

The Cyprus Non-Dom regime is one of the key reasons high-net-worth individuals, founders and investors move to Cyprus. When structured correctly, it can significantly reduce tax on dividends and interest while allowing you to become tax resident in Cyprus.

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OVERVIEW

What Is the Non-Dom Regime?

The Non-Dom regime separates tax residency from domicile. A person can be tax resident in Cyprus but considered non-domiciled for a period of time, gaining exemptions from certain local taxes.

Exemption from tax on dividend and interest income for at least 17 years

Eligibility for all foreign individuals who become tax resident in Cyprus

Combination with the Cyprus 60-day rule or 183-day rule, depending on your circumstances

Income Types We Advise On

We clarify how the regime applies to your specific income streams:

Dividends from Cyprus or foreign companies

Interest income from deposits and investments

Salaries and employment income

Bonuses and performance payments

Stock options and equity compensation

Profit distributions from foreign entities

Aqualis clarifies how the regime and other exeptions apply to all your income streams (dividends, interest, salaries, bonuses, stock options and more) and ensures that the structure supports your long-term plans on a personal, family and business basis.

Income Types We Advise On

We clarify how the regime applies to your specific income streams:

Dividends from Cyprus or foreign companies

Interest income from deposits and investments

Salaries and employment income

Bonuses and performance payments

Stock options and equity compensation

Profit distributions from foreign entities

KEY FEATURES

Non-Dom Advantages at a Glance

At least 17 years

Tax exemption period

17

At least 17 years

Tax exemption period

17

0% Dividend Tax

Tax exemption

0%

0% Dividend Tax

Tax exemption

0%

0% Interest Tax

Tax exemption

0%

0% Interest Tax

Tax exemption

0%

60 Days

Minimum residency

60

60 Days

Minimum residency

60

ELIGIBILITY

What Is the Non-Dom Regime?

We review your residency history, citizenships, prior connections to Cyprus and future intentions to confirm eligibility before you make decisions or move assets, business and/or income streams.

Become tax resident in Cyprus (under either the 183-day or the 60-day rule)

Not tax resident in Cyprus for defined period before the move

Not domiciled in Cyprus under local rules (i.e. not having a Cyprus-origin).

Review of residency history and citizenships

Prior Cyprus citizenship required

Cypriot parents/grandparents required

Become tax resident in Cyprus (under either the 183-day or the 60-day rule)

Not tax resident in Cyprus for defined period before the move

Not domiciled in Cyprus under local rules (i.e. not having a Cyprus-origin).

Review of residency history and citizenships

Prior Cyprus citizenship required

Cypriot parents/grandparents required

TAX BENEFITS

Key Tax Advantages

We model different scenarios for founders, investors and executives, for example, receiving dividends from a Cyprus holding company, stock option exercises or profit distributions from foreign entities.

Dividend Tax Exemption

Become tax resident in Cyprus (183-day or 60-day rule)

Interest Income Exemption

No tax burden on most interest income.

Foreign-Sourced Income

Potentially favourable treatment for certain types of foreign-sourced income

International Structures

Ability to combine Non-Dom status with international tax planning, holding companies and IP structures

Dividend Tax Exemption

Become tax resident in Cyprus (183-day or 60-day rule)

Interest Income Exemption

No tax burden on most interest income.

Foreign-Sourced Income

Potentially favourable treatment for certain types of foreign-sourced income

International Structures

Ability to combine Non-Dom status with international tax planning, holding companies and IP structures

RESIDENCY RULES

183-Day vs 60-Day Rule Explained

Cyprus offers two routes to tax residency. We explain in plain language how each rule works and whether you can rely on the 60-day rule.

183-Day Rule

60-Day Rule

183-Day Rule

Based purely on physical presence in Cyprus

Spend 183+ days in Cyprus per calendar year

No additional requirements needed

Simple to establish and maintain

Count days from 1 January to 31 December

183-Day Rule

60-Day Rule

183-Day Rule

Based purely on physical presence in Cyprus

Spend 183+ days in Cyprus per calendar year

No additional requirements needed

Simple to establish and maintain

Count days from 1 January to 31 December

Documentation & Evidence

We explain in plain language how each rule works, whether you can rely on the 60-day rule and what evidence you should keep (travel records, contracts, property documents).

Where appropriate, we help you apply for a tax residency certificate in Cyprus, which is often required by banks, brokers or foreign tax authorities, company incorporation and whatever else may be required.

Assistance is also provided for potential need to relocate your family and/or your business, via onsite visits to properties that fit your profile, needs and requirements, in terms of cost and lifestyle preferences.

PROCESS

How to Apply

Our process typically includes the following steps:

Initial Assessment

Review your global position, residency history and income streams to confirm eligibility

01

Relocation & Structuring Plan

Decide when and where to move, under which scheme the family will relocate (if applicable), how to structure companies and how to sequence the steps effectively.

02

Relocation & Structuring Plan

Decide when and where to move, under which scheme the family will relocate (if applicable), how to structure companies and how to sequence the steps effectively.

02

Employer & Payroll Setup

Ensure local employment, payroll services and social insurance are correctly handled

03

Employer & Payroll Setup

Ensure local employment, payroll services and social insurance are correctly handled

03

Ongoing Compliance

Payroll, Accounting, Audit and Tax Compliance and production of all documentation and coordination with your foreign advisers.

04

Ongoing Compliance

Payroll, Accounting, Audit and Tax Compliance and production of all documentation and coordination with your foreign advisers.

04

Initial Assessment

Review your global position, residency history and income streams to confirm eligibility

01

Employer & Payroll Setup

Ensure local employment, payroll services and social insurance are correctly handled

03

Relocation & Structuring Plan

Decide when and where to move, under which scheme the family will relocate (if applicable), how to structure companies and how to sequence the steps effectively.

02

Ongoing Compliance

Payroll, Accounting, Audit and Tax Compliance and production of all documentation and coordination with your foreign advisers.

04

To explore whether the Cyprus Non-Dom regime is right for you, book a consultation and we will walk you through options and timelines.

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Explore Non-Dom Status

Book a consultation to discuss your eligibility and how the Non-Dom regime can benefit your situation.

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Aqualis, based in Cyprus, is an independent firm of Chartered Accountants and a practicing member of ICPAC and ICAEW.

We offer expert tax, advisory and audit services with integrity and innovation, delivering tailored solutions for the dynamic international markets and guiding businesses.

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+357 22515030

[email protected]

51C Stadiou Street, 2058, Nicosia, Cyprus.

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